A wavelet analysis of Italian fiscal sustainability

In this paper, we analyse 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.

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Year of publication:	2019
Authors:	Magazzino, Cosimo ; Mutascu, Mihai
Published in:	Journal of Economic Structures. - Heidelberg : Springer, ISSN 2193-2409. - Vol. 8.2019, 19, p. 1-13
Publisher:	Heidelberg : Springer
Subject:	Fiscal sustainability \| Wavelet analysis \| Italy

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1186/s40008-019-0151-5 [DOI] 1670123618 [GVK] hdl:10419/261522 [Handle]
Classification:	C22 - Time-Series Models ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H62 - Deficit; Surplus ; H63 - Debt; Debt Management
Source:	EconStor

Persistent link: https://www.econbiz.de/10013288252