In this paper we analyze the relationship between public primary deficit and debt for Italian sustainability over the 1862-2013 years. Our empirical strategy uses the wavelet analysis. The evidence confirms the absence of fiscal sustainability in the long-run for Italy, reinforcing the need for a rebalancing of the public accounts.
Magazzino, C., Forte, F., Giolli, L. (2022). On the Italian public accounts’ sustainability: a wavelet approach. INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, 27(1), 943-952 [10.1002/ijfe.2184].