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Bharat Trehan, Carl E. Walsh, Testing Intertemporal Budget Constraints: Theory and Applications to U. S. Federal Budget and Current Account Deficits, Journal of Money, Credit and Banking, Vol. 23, No. 2 (May, 1991), pp. 206-223
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Trehan et al. (Wed,) studied this question.
www.synapsesocial.com/papers/6a18f9d47cbafded8c4f68b7 — DOI: https://doi.org/10.2307/1992777
Bharat Trehan
Carl E. Walsh
Journal of money credit and banking
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