أعرض تسجيلة المادة بشكل مبسط

dc.creator Bohn, Henning
dc.date 2005
dc.date.accessioned 2013-10-16T07:01:26Z
dc.date.available 2013-10-16T07:01:26Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18810
dc.identifier ppn:485163241
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18810
dc.description The paper examines the sustainability of U.S. fiscal policy, finding substantial evidence in favor. I summarize the U.S. fiscal record from 1792-2003, critically review sustainability conditions and their testable implications, and apply them to U.S. data. I particularly emphasize the ramifications of economic growth. A ?growth dividend? has historically covered the entire interest bill on the U.S. debt. Unit root tests on real series, unscaled by GDP, are distorted by the series? severe heteroskedasticity. The most credible evidence in favor of sustainability is the robust positive response of primary surpluses to fluctuations in the debt-GDP ratio.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1446
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject H0
dc.subject H6
dc.subject E6
dc.subject ddc:330
dc.subject public debt
dc.subject sustainability
dc.subject primary surplus
dc.subject unit root
dc.subject Finanzpolitik
dc.subject Haushaltskonsolidierung
dc.subject Wirtschaftswachstum
dc.subject Schätzung
dc.subject Vereinigte Staaten
dc.title The sustainability of fiscal policy in the United States
dc.type doc-type:workingPaper
dc.coverage 1792-2003


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أعرض تسجيلة المادة بشكل مبسط