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).
A wavelet analysis of Italian fiscal sustainability
Cosimo Magazzino
;
2019-01-01
Abstract
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.File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
