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.
You can find the preprint version, the abstract, the keywords and the online appendix in an older post:
https://www.jamelsaadaoui.com/assessing-debt-stationarity-and-sustainability-in-the-longer-run/
Follow this link to get a free online copy (limited to 50) of this article:
https://www.tandfonline.com/eprint/GQTY3VEYKA7PCZNCVC9G/full?target=10.1080/13504851.2022.2142502
You can quote this article as:
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.
