Financial bubbles and sustainability of public debtthe case of Spain

  1. Esteve, Vicente 1
  2. Prats, María A. 2
  1. 1 Universitat de València
    info

    Universitat de València

    Valencia, España

    ROR https://ror.org/043nxc105

  2. 2 Universidad de Murcia
    info

    Universidad de Murcia

    Murcia, España

    ROR https://ror.org/03p3aeb86

Revue:
Documentos de Trabajo (IAES, Instituto Universitario de Análisis Económico y Social)

ISSN: 1139-6148

Année de publication: 2022

Número: 2

Pages: 1-31

Type: Working Paper

DIALNET GOOGLE SCHOLAR lock_opene_Buah editor

D'autres publications dans: Documentos de Trabajo (IAES, Instituto Universitario de Análisis Económico y Social)

Résumé

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.

La source de données: Dialnet