Macroeconomics

Philosophy

Ecology

Biology

Statistics

Sustainability

Fiscal policy

Economics

Computer science

Time horizon

Empirical evidence

Empirical research

Mathematics

Epistemology

Econometrics

Debt

Artificial intelligence

Geometry

Horizon

Finance

Wavelet

Fiscal sustainability

Journal of Economic Structures

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.

A wavelet analysis of Italian fiscal sustainability