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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 ...
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. ...