The Behavior of U. S. Public Debt and Deficits

A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity

1980 • 25,774 citations

A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix

1987 • 15,268 citations

Time Series Analysis.

1995 • 11,935 citations

Tests for Parameter Instability and Structural Change With Unknown Change Point

1993 • 4,272 citations

On the Determination of the Public Debt

1979 • 3,283 citations

The American Economic Review

2013 • 2,909 citations

Testing Intertemporal Budget Constraints: Theory and Applications to U. S. Federal Budget and Current Account Deficits

1991 • 704 citations

On the Limitations of Government Borrowing: A Framework for EmpiricalTesting

1986 • 661 citations

The Sustainability of Government Deficits: Implications of the Present-Value Borrowing Constraint

1989 • 516 citations

Common trends, the government's budget constraint, and revenue smoothing

1988 • 494 citations

The American Business Cycle

1986 • 464 citations

The Sustainability of Budget Deficits in a Stochastic Economy

1995 • 439 citations

Government budget deficits and trade deficits Are present value constraints satisfied in long-term data?

1995 • 274 citations

U.S. Federal indebtedness and the conduct of fiscal policy

1989 • 200 citations

Budget balance through revenue or spending adjustments?

1991 • 179 citations

Budget Balance Through Revenue or Spending Adjustments? Some Historical Evidence for the United States

1991 • 121 citations

Current and anticipated deficits, interest rates and economic activity

1984 • 117 citations

The substainability of government deficits: implications of the present- value borrowing constraint

1987 • 105 citations

Fiscal deficits, public debt, and government solvency: Evidence from OECD countries

1991 • 89 citations

The Sustainability of Budget Deficits with Lump-Sum and with Income-Based Taxation

1991 • 67 citations

The Behavior of United States Deficits

1986 • 21 citations

Co-integration and the government's budget deficit

1986 • 10 citations