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Keywords: Explosiveness
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Journal Articles
Testing for multiple bubbles: historical episodes on the sustainability of public debt in Spain, 1850–2020
Open Access
Journal:
Applied Economic Analysis
Applied Economic Analysis (2023) 31 (91): 1–18.
Published: 01 March 2022
...Vicente Esteve; María A. Prats 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...
