A wavelet analysis of Italian fiscal sustainability

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Journal of Economic Structures ; ISSN: 2193-2409 ; Volume: 8 ; Year: 2019 ; Issue: 19 ; Pages: 1-13 ; Heidelberg: Springer

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes ; Fiscal Policy ; National Deficit; Surplus ; National Debt; Debt Management; Sovereign Debt
• Subject: Fiscal sustainability ; Wavelet analysis ; Italy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Magazzino, Cosimo ; Mutascu, Mihai
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2019

Further information

• DOI: doi:10.1186/s40008-019-0151-5
• Handle: http://hdl.handle.net/10419/261522
• Last update: 10.03.2025, 11:42 AM CET