A wavelet analysis of Italian fiscal sustainability

Cosimo Magazzino () and Mihai Mutascu

Journal of Economic Structures, 2019, vol. 8, issue 1, 1-13

Abstract: Abstract 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.

Keywords: Fiscal sustainability; Wavelet analysis; Italy (search for similar items in EconPapers)
JEL-codes: C22 E62 H62 H63 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (9)

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DOI: 10.1186/s40008-019-0151-5

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