The asymmetric behavior of the U.S. public debt
Autor(a) principal: | |
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Data de Publicação: | 2005 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/841 |
Resumo: | In this paper we re-analyze the question of the U.S. public debt sustainability by using a quantile autoregression model. This modeling allows for testing whether the behavior of U.S. public debt is asymmetric or not. Our results provide evidence of a band of sustainability. Outside this band, the U.S. public debt is unsustainable. We also find fiscal policy to be adequate in the sense that occasional episodes in which the public debt moves out of the band do not pose a threat to long run sustainability. |
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Lima, Luiz Renato Regis de OliveiraSampaio, Raquel Menezes BezerraEscolas::EPGEFGV2008-05-13T15:36:51Z2008-05-13T15:36:51Z2005-07-010104-8910http://hdl.handle.net/10438/841In this paper we re-analyze the question of the U.S. public debt sustainability by using a quantile autoregression model. This modeling allows for testing whether the behavior of U.S. public debt is asymmetric or not. Our results provide evidence of a band of sustainability. Outside this band, the U.S. public debt is unsustainable. We also find fiscal policy to be adequate in the sense that occasional episodes in which the public debt moves out of the band do not pose a threat to long run sustainability.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;593Fiscal policyLong-run sustainabilityQuantile autoregressionEconomiaEconomiaThe asymmetric behavior of the U.S. public debtinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINAL1862.pdfapplication/pdf380233https://repositorio.fgv.br/bitstreams/61730c1e-67e6-4ef8-ae45-e0cea369b643/downloadcc945880529fb7975cd821386942a3c3MD51TEXT1862.pdf.txt1862.pdf.txtExtracted texttext/plain70827https://repositorio.fgv.br/bitstreams/5ea5abe3-ece0-42c3-b83d-04a22ef3cad5/download90a51db4625bd23a7a65756a1c9172e5MD56THUMBNAIL1862.pdf.jpg1862.pdf.jpgGenerated Thumbnailimage/jpeg3221https://repositorio.fgv.br/bitstreams/70632562-0363-4757-a181-e1e5393093dd/download4741e4aac2683d3d773cfc1082620a57MD5710438/8412023-11-09 21:34:55.714open.accessoai:repositorio.fgv.br:10438/841https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T21:34:55Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false |
dc.title.eng.fl_str_mv |
The asymmetric behavior of the U.S. public debt |
title |
The asymmetric behavior of the U.S. public debt |
spellingShingle |
The asymmetric behavior of the U.S. public debt Lima, Luiz Renato Regis de Oliveira Fiscal policy Long-run sustainability Quantile autoregression Economia Economia |
title_short |
The asymmetric behavior of the U.S. public debt |
title_full |
The asymmetric behavior of the U.S. public debt |
title_fullStr |
The asymmetric behavior of the U.S. public debt |
title_full_unstemmed |
The asymmetric behavior of the U.S. public debt |
title_sort |
The asymmetric behavior of the U.S. public debt |
author |
Lima, Luiz Renato Regis de Oliveira |
author_facet |
Lima, Luiz Renato Regis de Oliveira Sampaio, Raquel Menezes Bezerra |
author_role |
author |
author2 |
Sampaio, Raquel Menezes Bezerra |
author2_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.author.fl_str_mv |
Lima, Luiz Renato Regis de Oliveira Sampaio, Raquel Menezes Bezerra |
dc.subject.por.fl_str_mv |
Fiscal policy Long-run sustainability Quantile autoregression |
topic |
Fiscal policy Long-run sustainability Quantile autoregression Economia Economia |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Economia |
description |
In this paper we re-analyze the question of the U.S. public debt sustainability by using a quantile autoregression model. This modeling allows for testing whether the behavior of U.S. public debt is asymmetric or not. Our results provide evidence of a band of sustainability. Outside this band, the U.S. public debt is unsustainable. We also find fiscal policy to be adequate in the sense that occasional episodes in which the public debt moves out of the band do not pose a threat to long run sustainability. |
publishDate |
2005 |
dc.date.issued.fl_str_mv |
2005-07-01 |
dc.date.accessioned.fl_str_mv |
2008-05-13T15:36:51Z |
dc.date.available.fl_str_mv |
2008-05-13T15:36:51Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/841 |
dc.identifier.issn.none.fl_str_mv |
0104-8910 |
identifier_str_mv |
0104-8910 |
url |
http://hdl.handle.net/10438/841 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.ispartofseries.por.fl_str_mv |
Ensaios Econômicos;593 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
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FGV |
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FGV |
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Repositório Institucional do FGV (FGV Repositório Digital) |
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