Sustainability of US public debt: Estimatingsmoothing spline regressions

Sustainability of US public debt: Estimatingsmoothing spline regressions ∗ Alfred Greiner G¨oran KauermannDepartment of Business Administration and EconomicsBielefeld University, P.O. Box 10013133501 Bielefeld, Germany Abstract In this paper we analyze how the primary surplus to GDP ratio in the USreacts to variations in the public debt-GDP ratio. In contrast to earlier studies weperform non-parametric and…

Περισσότερα