NEW PUBLICATION: We can use Fourier Dickey-Fuller unit root tests, time-varying fiscal reaction functions and threshold fiscal reactions functions. Over the period spanning from 1870 to 2017, we find that longer-run debt sustainability is not rejected for the UK, Sweden, and for the US. The evidence is somewhat equivocal for Canada, Italy and Portugal.
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Jamel Saadaoui, Chi Keung Marco Lau, Yifei Cai (2022) Testing fiscal sustainability in OECD countries: new evidence from the past centuries, Applied Economics Letters, 10.1080/13504851.2022.2142502.