On the Italian public accounts' sustainability: A wavelet approach. (17th August 2020)

• Record Type: Journal Article
• Authors: Magazzino, Cosimo; Forte, Francesco; Giolli, Lorenzo
• Is Part Of: International journal of finance & economics. Volume 27:Number 1(2022)
• Page Start: 943
• Page End: 952
• Publication Date: 2020-08-17
• Subjects: fiscal sustainability -- Italy -- primary deficit -- public accounts -- public debt -- wavelet analysis; International finance -- Periodicals; Economics -- Periodicals; 332
• DOI: 10.1002/ijfe.2184
• Languages: English
• ISSNs: 1076-9307

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 evidence confirms the absence of fiscal sustainability in the long‐run for Italy, reinforcing the need for a rebalancing of the public accounts.