A Commentary on US Sovereign Debt Persistence and Nonlinear Fiscal Adjustment

The purpose of this paper is to show how the self-exciting threshold autoregressive (SETAR) model might be a suitable econometric framework for characterizing the dynamics of the US public debt/GDP ratio after the Bretton Woods collapse. Our preferred SETAR specifications are capable of capturing th...

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Bibliographic Details
Main Authors: Vladimir Andric, Dusko Bodroza, Mihajlo Djukic
Format: Article
Language:English
Published: MDPI AG 2024-10-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/12/20/3250
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