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

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Testing the Null Hypothesis of Stationarity Against the Alternative of a Unit Root: How Sure Are We That Economic Time Series Have a Unit Root?

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The Behavior of U. S. Public Debt and Deficits

Henning Bohn · The Quarterly Journal of Economics · 1998 · 1.5K citations

Social Sciences, Economics, Public Finance +17

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

Bharat Trehan, Carl E. Walsh · Journal of money credit and banking · 1991 · 722 citations

Public Affairs, Economics, Public Finance +12

On the Limitations of Government Borrowing: A Framework for Empirical Testing

James D. Hamilton, Marjorie Flavin · American Economic Review · 1985 · 627 citations

Social Sciences, Economics, Public Finance +17