A wavelet analysis of US fiscal sustainability

Risultato della ricerca: Articlepeer review

11 Citazioni (Scopus)

Abstract

In this paper, we reassess the relationship between primary deficit and lagged debt to GDP ratio (Bohn, 1998), totest for US debt sustainability over the period 1795–2012. Our analysis is rooted in the wavelet domain enablingthe detection of interesting patterns and otherwise hidden information. We find evidence of long term fiscal sustainabilitybut only up until 1995 and also we show that governments tend to respond more vigorously to budgetdeficits when the level of debt is high rather than low.
Lingua originaleEnglish
pagine (da-a)33-37
Numero di pagine5
RivistaEconomic Modelling
Volume51
Stato di pubblicazionePublished - 2015

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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