The asymmetric behavior of the U.S public debt

Detalhes bibliográficos
Autor(a) principal: Sampaio, Raquel Menezes Bezerra
Data de Publicação: 2005
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: https://hdl.handle.net/10438/97
Resumo: Our main goal in this paper was to measure how efficient is risk sharing between countries. In order to do so, we have used a international risk sharIn 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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spelling Sampaio, Raquel Menezes BezerraEscolas::EPGEFGVIssler, João VictorRocha, Fabiana FontesLima, Luiz Renato Regis de Oliveira2008-05-13T13:16:16Z2008-05-13T13:16:16Z2005-05-272005-05-27SAMPAIO, Raquel Menezes Bezerra. The asymmetric behavior of the U.S public debt. Dissertação (Mestrado em Economia) - FGV - Fundação Getúlio Vargas, Rio de Janeiro, 2005.https://hdl.handle.net/10438/97Our main goal in this paper was to measure how efficient is risk sharing between countries. In order to do so, we have used a international risk sharIn 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.engThe asymmetric behavior of the U.S public debtinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisEconomiaDívida pública - Estados Unidosinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINALPDFapplication/pdf277122https://repositorio.fgv.br/bitstreams/5b4231fe-9453-4865-a6b0-8aa35e5602a2/download345f4eca3a09b856d4eafece5f3b0434MD51TEXT2129.pdf.txt2129.pdf.txtExtracted Texttext/plain79211https://repositorio.fgv.br/bitstreams/ff5a1689-df29-4ab8-8455-2a15b96a7d1e/downloadbd9c2398c8c63564ec89f6be3463bd58MD52PDF.txtPDF.txtExtracted texttext/plain82918https://repositorio.fgv.br/bitstreams/b6add2c9-4ea6-49ac-928c-033150b032c7/download827dcfa9f2fca6c9603080ec7e8b4445MD54THUMBNAIL2129.pdf.jpg2129.pdf.jpgGenerated Thumbnailimage/jpeg1565https://repositorio.fgv.br/bitstreams/07dcaa2c-4b96-4b3b-93ad-56aa3a6adfae/downloadcc7640128923a05c2433248413b4e67fMD53PDF.jpgPDF.jpgGenerated Thumbnailimage/jpeg2600https://repositorio.fgv.br/bitstreams/5b83fb5b-835b-4f1f-9cfe-a31d0ccec774/downloadeb5ab8d3976a249992d818503c936140MD5510438/972024-07-08 19:20:43.141open.accessoai:repositorio.fgv.br:10438/97https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742024-07-08T19:20:43Repositório 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
Sampaio, Raquel Menezes Bezerra
Economia
Dívida pública - Estados Unidos
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 Sampaio, Raquel Menezes Bezerra
author_facet Sampaio, Raquel Menezes Bezerra
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.member.none.fl_str_mv Issler, João Victor
Rocha, Fabiana Fontes
dc.contributor.author.fl_str_mv Sampaio, Raquel Menezes Bezerra
dc.contributor.advisor1.fl_str_mv Lima, Luiz Renato Regis de Oliveira
contributor_str_mv Lima, Luiz Renato Regis de Oliveira
dc.subject.area.por.fl_str_mv Economia
topic Economia
Dívida pública - Estados Unidos
dc.subject.bibliodata.por.fl_str_mv Dívida pública - Estados Unidos
description Our main goal in this paper was to measure how efficient is risk sharing between countries. In order to do so, we have used a international risk sharIn 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.submitted.none.fl_str_mv 2005-05-27
dc.date.issued.fl_str_mv 2005-05-27
dc.date.accessioned.fl_str_mv 2008-05-13T13:16:16Z
dc.date.available.fl_str_mv 2008-05-13T13:16:16Z
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dc.identifier.citation.fl_str_mv SAMPAIO, Raquel Menezes Bezerra. The asymmetric behavior of the U.S public debt. Dissertação (Mestrado em Economia) - FGV - Fundação Getúlio Vargas, Rio de Janeiro, 2005.
dc.identifier.uri.fl_str_mv https://hdl.handle.net/10438/97
identifier_str_mv SAMPAIO, Raquel Menezes Bezerra. The asymmetric behavior of the U.S public debt. Dissertação (Mestrado em Economia) - FGV - Fundação Getúlio Vargas, Rio de Janeiro, 2005.
url https://hdl.handle.net/10438/97
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