A wavelet analysis of Italian fiscal sustainability

A wavelet analysis of Italian fiscal sustainability

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 I...

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Bibliographic Details
Main Authors: Cosimo Magazzino, Mihai Mutascu
Format: Article
Language:English
Published: SpringerOpen 2019-06-01
Series:Journal of Economic Structures
Subjects:
Fiscal sustainability
Wavelet analysis
Italy
Online Access:http://link.springer.com/article/10.1186/s40008-019-0151-5
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spelling doaj-33b2e9c01d5e47e3bb598bdb87ee513f2020-11-25T03:08:07ZengSpringerOpenJournal of Economic Structures2193-24092019-06-018111310.1186/s40008-019-0151-5A wavelet analysis of Italian fiscal sustainabilityCosimo Magazzino0Mihai Mutascu1Department of Political Sciences, Roma Tre UniversityESCE International Business School ParisAbstract 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.http://link.springer.com/article/10.1186/s40008-019-0151-5Fiscal sustainabilityWavelet analysisItaly
collection DOAJ
language English
format Article
sources DOAJ
author Cosimo Magazzino
Mihai Mutascu
spellingShingle Cosimo Magazzino
Mihai Mutascu
A wavelet analysis of Italian fiscal sustainability
Journal of Economic Structures
Fiscal sustainability
Wavelet analysis
Italy
author_facet Cosimo Magazzino
Mihai Mutascu
author_sort Cosimo Magazzino
title A wavelet analysis of Italian fiscal sustainability
title_short A wavelet analysis of Italian fiscal sustainability
title_full A wavelet analysis of Italian fiscal sustainability
title_fullStr A wavelet analysis of Italian fiscal sustainability
title_full_unstemmed A wavelet analysis of Italian fiscal sustainability
title_sort wavelet analysis of italian fiscal sustainability
publisher SpringerOpen
series Journal of Economic Structures
issn 2193-2409
publishDate 2019-06-01
description 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.
topic Fiscal sustainability
Wavelet analysis
Italy
url http://link.springer.com/article/10.1186/s40008-019-0151-5
work_keys_str_mv AT cosimomagazzino awaveletanalysisofitalianfiscalsustainability
AT mihaimutascu awaveletanalysisofitalianfiscalsustainability
AT cosimomagazzino waveletanalysisofitalianfiscalsustainability
AT mihaimutascu waveletanalysisofitalianfiscalsustainability
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