Are stationarity and cointegration restrictions really necessary for the intertemporal budget constraint?

Author:

Bohn Henning

Publisher

Elsevier BV

Subject

Economics and Econometrics,Finance

Reference12 articles.

1. Fiscal sustainability: the unpleasant european case;Afonso;Finanzarchiv,2005

2. Government budget deficits and trade deficits: are present value constraints satisfied in long-term data?;Ahmed;Journal of Monetary Economics,1995

3. Bergman, M., 2001. Testing government solvency and the No Ponzi Game condition. Applied Economics Letters, 27–29.

4. The behavior of U.S. public debt and deficits;Bohn;The Quarterly Journal of Economics,1998

5. Bohn, H., 2005. The sustainability of fiscal policy in the United States. CESifo Working Paper no. 1446, available online at: 〈http://www.cesifo.de/∼DocCIDL/cesifo1_wp1446.pdf〉.

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