References
- Ahmed , S and Rogers , J . 1995 . Government budget deficits and trade deficits. Are present value constraints satisfied in long-term data? . Journal of Monetary Economics , 36 : 351 – 74 .
- Artis , M and Marcelino , M . Fiscal solvency and fiscal forecasting in Europe . CEPR Discussion Paper 1836 .
- Crowder , W . 1997 . The U.S. federal intertemporal budget constraint: restoring equilibrium through increased revenues or decreased spending? http://wueconb.wustl.edu/ vdkw_cgi/
- Dickey , D and Fuller , W . 1981 . The likelihood ratio statistics for autoregressive time series with a unit root . Econometrica , 49 : 1057 – 72 .
- Hakkio , CS and Rush , M . 1991 . Is the budget deficit ‘too large?’ . Economic Inquiry , XXIX : 429 – 45 .
- Hamilton , JD and Flavin , MA . 1986 . On the limitations of government borrowing: a framework for empirical testing . American Economic Review , 76 : 808 – 19 .
- Haug , A . 1991 . Co-integration and government borrowing constraints: evidence for the United States . Journal of Business & Economic Statistics , 9 : 97 – 101 .
- Haug , AA . 1995 . Has federal budget deficit policy changed in recent years? . Economic Inquiry , XXXIII : 104 – 18 .
- Kremers , J . 1988 . The long-run limits of U.S. federal debt . Economics Letters , 28 : 259 – 62 .
- Kremers , J . 1989 . U.S. federal indebtedness and the conduct of fiscal policy . Journal of Monetary Economics , 23 : 219 – 38 .
- Nelson , CR and Plosser , CI . 1982 . Trends and random walks in macroeconomic time series . Journal of Monetary Economics , 10 : 139 – 62 .
- Payne , J . 1997 . International evidence on the sustainability of budget deficits . Applied Economics Letters , 12 : 775 – 9 .
- Quintos , C . 1995 . Sustainability of the deficit process with structural shifts . Journal of Business & Economic Statistics , 13 : 409 – 17 .
- Trehan , B and Walsh , C . 1988 . Common trends, the government's budget constraint, and revenue smoothing . Journal of Economic Dynamics and Control , 12 : 425 – 44 .
- Trehan , B and Walsh , C . 1991 . Testing intertemporal budget constraints: theory and applications to U.S. federal budget and current account deficits . Journal of Money, Credit, and Banking , 23 : 206 – 23 .
- Uctum , M and Wickens , M . Debt and deficit ceilings, and sustainability of fiscal policies: an intertemporal analysis . CEPR Discussion Paper 1612 . March .
- Wilcox , D . 1989 . The sustainability of government deficits: implications of the present-value borrowing constraint . Journal of Money, Credit, and Banking , 21 : 291 – 306 .