Afonso, A., (2005) Fiscal sustainability: The unpleasant European case. Finanzarchiv vol. 61, pp. 19–44.
Ahmed, S. and Rogers, J.H. (1995) Government budget deficits and trade deficits: Are present value constraints satisfied in long-term data? Journal of Monetary Economics, vol. 36(2), pp. 351-374.
Andrews, D.W.K. (2005) Cross section regressions with common shocks.
Arghyrou, M.G. and K.B. Luintel (2007) Government solvency: Revisiting some EMU countries. Journal of Macroeconomics, vol. 29, pp. 387-410.
Bai, J. and C. Kao (2005) On the Estimation and Inference of a Panel Cointegration Model with Cross-Sectional Dependence. In B. Baltagi (ed.), Contributions to Economic Analysis. Amsterdam: Elsevier. http://www-cpr.maxwell.syr.edu/cprwps/pdf/wp75.pdf Bai, J., Kao, C. and S. Ng (2007) Panel cointegration with global stochastic trends. Revise and resubmit Journal of Econometrics.
- Bai, J. and C. Kao (2006) On the Estimation and Inference of a Panel Cointegration Model with Cross-Sectional Dependence, Contributions to Economic Analysis, ed. B. Baltagi, Elsevier, pp. 3-30.
Paper not yet in RePEc: Add citation now
Bai, J. and S. Ng (2002) Determining the Number of Factors in Approximate Factor Models. Econometrica, vol. 70, pp. 191-121.
Bai, J. and S. Ng (2004) A PANIC Attack on Unit Roots and Cointegration.
Barro, R.J. (1979) On the Determination of Public Debt. Journal of Political Economy, vol. 87, pp. 940-971.
Barro, R.J. (1986) U.S. Deficits since World War I. Scandinavian Journal of Economics, vol. 88, pp. 195-222.
Blundell, R.W. and S.R. Bond (1998) Initial Conditions and Moment Restrictions in Dynamic Panel Data Models. Journal of Econometrics, vol. 87, pp. 115-43.
Bohn, H. (1998) The Behavior Of U.S. Public Debt And Deficits. Quarterly Journal of Economics, vol. 113, pp 949-963.
Bohn, H. (2007) Are stationarity and cointegration restrictions really necessary for the intertemporal budget constraint? Journal of Monetary Economics, Vol. 54(7), pp. 1837-1847.
- Breitung, J. and M.H. Pesaran (2007) Unit Roots and Cointegration in Panels, in L. Mátyás, and P. Sevestre, The Econometrics of Panel Data (3rd Edition), Kluwer Academic Publishers.
Paper not yet in RePEc: Add citation now
- Budina, N. and N. Fiess (2004) Public Debt and Its Determinants in Market Access Countries: Results from 15 Country Case Studies†PRMED. The World Bank, Washington DC.
Paper not yet in RePEc: Add citation now
Calvo, G.A. (1998) Capital Flows and Capital-Market Crises: The Simple Economics of Sudden Stops. Journal of Applied Economics, vol. 1, pp. 35-54.
Calvo, G.A., Izquierdo A. and E. Talvi (2003) Sudden stops, the real exchange rate and fiscal sustainability: Argentina’s lessons. NBER Working Paper No. 9828.
Dailami, M., Masson P. and J.J. Padou (2005) Global Monetary Conditions versus Country-Specific Factors in the Determination of Emerging Market Debt Spreads. World Bank Policy Research Working Paper No. 3626.
Davig, T. and E.M. Leeper (2005) Fluctuating Macro Policies and the Fiscal Theory of the Price Level, with Eric Leeper, NBER Macroeconomics Annual 2006, ed. D. Acemoglu, K. Rogoff, and M. Woodford. Vol. 21, pp. 247-298.
Drudi, F. and Prati, A. (2000) Signaling fiscal regime sustainability. European Economic Review, vol. 44(10), pp. 1897-1930.
Eichengreen, B. (2007) A Blueprint for IMF Reform: More than just a Lender. International Finance, vol. 10, pp. 153-175.
Eichengreen, B. and R. Hausmann (1999) Exchange Rates and Financial Fragility. NBER Working Papers No. 7418.
Elliott, G., Rothenberg, T.J. and Stock, J.H. (1996) Efficient Tests for an Autoregressive Unit Root. Econometrica, vol. 64, pp. 813-36.
Favero, C. and F. Giavazzi (2007) Debt and the Effects of Fiscal Policy. NBER Working Papers No. 12822.
- Favero, C. and T. Monacelli (2005) Fiscal Policy Rules and Regime (In)Stability: Evidence from the U.S. IGIER Working Paper 282.
Paper not yet in RePEc: Add citation now
- Fiess, N. (2005) Chile’s fiscal rule, in Craig Burnside (Ed.) Fiscal Sustainability in Theory and Practice. World Bank; Washington DC.
Paper not yet in RePEc: Add citation now
Gengenbach, C., Palm, F.C. and J.-P. Urbain (2006) Cointegration Testing in Panels with Common Factors. Oxford Bulletin of Economics and Statistics, vol. 68, pp. 683719.
Hakkio, C.S. and Rush, M. (1991) Cointegration: how short is the long run? Journal of International Money and Finance, vol. 10(4), pp. 571-581, Hamilton, J.D. and Flavin, M.D. (1986) On the limitations of government borrowing: a framework for empirical testing. American Economic Review, vol. 76, pp. 808-819.
- Hauner, D. and M. Kumar (2005): Financial Globalization and Fiscal Performance in Emerging Markets, IMF Working Paper 05/212.
Paper not yet in RePEc: Add citation now
Hauptmeier, S., Heipertz M. and L. Schuknecht (2006) Expenditure Reform in Industrialised Countries: A Case Study Approach. ECB Working Paper No. 634.
Johansen, S. (1988) Statistical Analysis of Cointegrating Vectors. Journal of Economic Dynamics and Control, vol. 12, pp. 231-254.
Johansen, S. (2002) A Small Sample Correction for the Test of Cointegrating Rank in the Vector Autoregressive Model. Econometrica, vol. 70, pp. 1929-1961.
Kaminsky, G., Reinhart C.M. and C. A. Végh (2004) When it rains, it pours: procyclical capital flows and macroeconomic policy, NBER working paper No. 10780.
Kremers, J.J.M. (1988) Long run limits on the US federal debt. Economics Letters, vol. 28, pp. 259–262.
Levin, A., Lin, C.F. and Chu, C-S.J. (2002) Unit root tests in panel data: Asymptotic and finite sample properties, Journal of Econometrics vol. 108, pp. 1-24.
- Mélitz, J. (2000) Some cross-country evidence about fiscal policy behaviour and consequences for EMU. European Economy Reports and Studies No. 2, pp. 3-21.
Paper not yet in RePEc: Add citation now
- MacDonald, R. (1992) Some Tests of the Government's Intertemporal Budget Constraint Using U.S. Data. Applied Economics, vol. 24(12), pp. 1287-92.
Paper not yet in RePEc: Add citation now
Mendoza, E.G. and J.D. Ostry (2007) International Evidence on Fiscal Solvency: Is Fiscal Policy Responsible? NBER Working Paper No. 12947.
Moon, H.R. and B. Perron (2004) Testing for a unit root in panels with dynamic factors. Journal of Econometrics, vol. 122. pp. 81-126.
- O’Connell, P.G.J. (1998) The overvaluation of purchasing power parity. Journal of International Economics, vol. 44, pp. 1-19.
Paper not yet in RePEc: Add citation now
Pesaran, M.H. (2007) A Simple Panel Unit Root Test in the Presence of Cross Sectional Dependence. Journal of Applied Econometrics, vol. 22(2), pp. 265-312.
Phillips, P.C.B. and B.E. Hansen (1990) Statistical Inference in Instrumental Variables Regression with I(1) Process. Review of Economics Studies vol. 57, pp. 99– 125.
Phillips, P.C.B. and D. Sul. (2003) Dynamic Panel Estimation and Homogeneity Testing under Cross Section Dependence. Econometrics Journal, vol. 6(1), pp. 217259.
Prohl, S. and F. Schneider (2006) Sustainability of Public Debt and Budget Deficit: Panel cointegration analysis for the European Union Member countries, University of Linz, Working Paper No. 0610.
Quintos, C.E., (1995) Sustainability of the deficit process with structural shifts. Journal of Business and Economic Statistics vol. 13, pp. 409–417.
Reinhart, C. and G. Calvo (2000) When Capital Inflows Come to a Sudden Stop: Consequences and Policy Options. MPRA Paper No. 6982.
Reinhart, C.M., Rogoff, K.S. and M.A. Savastano (2003) Debt Intolerance. Brookings Papers on Economic Activity, vol. 67, pp. 1-74.
Shiller, R. and P. Perron (1985) Testing the random walk hypothesis: Power versus frequency of observations. Economics Letters, vol. 18, pp. 381-386.
Stock, J.H. (1987) Asymptotic Properties of Least Squares Estimators of Cointegrating Vectors. Econometrica, vol. 55, pp. 1035-56.
Thams, A. (2007) Fiscal Policy Rules in Practice. SFB 649 Discussion Paper 2007016.
Trehan, B. and Walsh, C.E. (1991) Testing Intertemporal Budget Constraints: Theory and Applications to U.S. Federal Budget and Current Account Deficits. Journal of Money, Credit and Banking, vol. 23(2), pp. 206-23, Uribe, M. and V.Z. Yue (2006) Country Spreads and Emerging Countries: Who Drives Whom? Journal of International Economics, vol. 69, pp. 6-36.
Westerlund, J. (2007) Estimating cointegrated panels with common factors and the forward rate unbiasedness hypothesis. Journal of Financial Econometrics, vol. 5, pp. 491-522.
Williamson, J. (2003) Comment on Reinhart, C.M., Rogoff, K.S. and M.A. Savastano (2003) Debt Intolerance. Brookings Papers on Economic Activity, vol. 67, pp. 1-74.