Testing for multiple bubbles: historical episodes on the sustainability of public debt in Spain, 1850–2020
Purpose – This paper aims to analyze the dynamics of the Spanish public debt–gross domestic product ratio during the period 1850–2020. Design/methodology/approach – This study uses a recent procedure to test for recurrent explosive behavior (Phillips et al., 2011; Phillips et al., 2015a, 2015b) to i...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Emerald Publishing
2023-02-01
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| Series: | Applied Economic Analysis |
| Subjects: | |
| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/AEA-01-2021-0003/full/pdf |