The Italian fiscal sustainability in a long-run perspective

Cosimo Magazzino () and Mihai Mutascu

The Journal of Economic Asymmetries, 2022, vol. 26, issue C

Abstract: In this paper, we analyze the relationship between government expenditures and revenues for Italy over the period 1862–2013. The analysis of the expenditures-revenues nexus is also relevant from the point of view of fiscal sustainability. Our empirical strategy adopts the wavelet analysis approach. The empirical evidence demonstrates the relevance of the frequency domain in analyzing the relationship between government expenditures and revenues, which may lead to alternative policy implications. Indeed, after the recent economic crises, guaranteeing its own financial stability is an increasingly difficult task for a highly indebted government like the Italian one.

Keywords: fiscal Sustainability; Government expenditures; Government revenues; Wavelet analysis; Spectral granger-causality; Italy (search for similar items in EconPapers)
JEL-codes: C22 E62 H62 H63 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:joecas:v:26:y:2022:i:c:s1703494922000159

DOI: 10.1016/j.jeca.2022.e00254

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