RT info:eu-repo/semantics/workingPaper
T1 Financial bubbles and sustainability of public debt: The case of Spain
A1 Esteve, Vicente
A1 Prats, María A.
K1 Fiscal sustainability
K1 Explosiveness
K1 Recursive unit root test
K1 Spain
K1 COVID-19
K1 Public debt
K1 C12
K1 C22
K1 E62
K1 H62
K1 H63
K1 Economía
K1 Economics
K1 Sociología
K1 Sociology
AB In this paper the dynamics of the Spanish public debt-GDP ratio is analysed during the period 1850-2020. We use a recent procedure to test for recurrent explosive behaviour (Phillips, Wu and Yu, 2011, and Phillips, Shi and Yu, 2015a, 2015b) in order to identify episodes of explosive public debt dynamics and also the episodes of Öscal adjustments over this long period.
PB Universidad de Alcalá. Instituto Universitario de Análisis Económico y Social
SN 2172-7856
YR 2022
FD 2022-02
LK http://hdl.handle.net/10017/51140
UL http://hdl.handle.net/10017/51140
LA eng
NO 31 p.
DS MINDS@UW
RD 27-abr-2024