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Are Greek budget deficits 'too large'?
(National University of Ireland, Galway, 1995-09)
We use a residual-based cointegration test suggested by Gregory and Hansen (1992) that allows for the determination of a structural break in the cointegrating vector to test for the sustainability of Greek fiscal deficits ...
Testing for the sustainability of the current account deficit in two industrial countries
(National University of Ireland, Galway, 1996-07)
The objective of this paper is to test for the sustainability of the current account deficits in the U.S. and Canada over the 1973-1994 period. Using various unit root and cointegration tests some of which allow for ...
Are the US current account deficits really sustainable?
(National University of Ireland, Galway, 1998-03)
We have tested for a long-run relationship between four US export measures and analogous import measures (measured in nominal and real terms, levels and deflated by GNP) in the 1967-1994 period using quarterly data. ...