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.
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:
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