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On the Italian public accounts' sustainability: A wavelet approach

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  • Cosimo Magazzino
  • Francesco Forte
  • Lorenzo Giolli

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.

Suggested Citation

  • Cosimo Magazzino & Francesco Forte & Lorenzo Giolli, 2022. "On the Italian public accounts' sustainability: A wavelet approach," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 943-952, January.
    • Handle: RePEc:wly:ijfiec:v:27:y:2022:i:1:p:943-952
    DOI: 10.1002/ijfe.2184
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