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 empirical evidence suggests the presence of a substantial fiscal sustainability in the long-run for Italy. This reversed much of the results of previous empirical literature, due to traditional time series approach and a shorter time horizon.
Magazzino, C., & Mutascu, M. (2019). A wavelet analysis of Italian fiscal sustainability. JOURNAL OF ECONOMIC STRUCTURES, 8(19).
|Titolo:||A wavelet analysis of Italian fiscal sustainability|
MAGAZZINO, COSIMO (Corresponding)
|Data di pubblicazione:||2019|
|Citazione:||Magazzino, C., & Mutascu, M. (2019). A wavelet analysis of Italian fiscal sustainability. JOURNAL OF ECONOMIC STRUCTURES, 8(19).|
|Appare nelle tipologie:||1.1 Articolo in rivista|