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dc.contributor.authorCarporale, Guglielmo Maria
dc.contributor.authorGil Alana, Luis A.
dc.contributor.authorMalmierca Ordoqui, María
dc.date.accessioned2022-09-15T08:53:34Z
dc.date.available2022-09-15T08:53:34Z
dc.date.issued2021
dc.identifier.citationCaporale, Guglielmo Maria and Gil-Alana, Luis A. and Malmierca, María, Persistence in the Private Debt-to-GDP Ratio: Evidence from 43 OECD Countries (2021). CESifo Working Paper No. 8889, Available at SSRN http://dx.doi.org/10.2139/ssrn.3788709es
dc.identifier.issn10.2139/ssrn.3788709
dc.identifier.urihttp://hdl.handle.net/20.500.12766/379
dc.description.abstractThis paper investigates the degree of persistence of the private debt-to-GDP ratio in 43 OECE countries by estimating the fractional integration parameter of each series. Almost all of them are found to be highly persistent, with orders of integration around or above 1. The only exception is Argentina, where the series appears to be mean-reverting. These results highlight the key importance of macroprudential policy as one of the pillars of macro policy.es
dc.language.isoenges
dc.publisherSSRNes
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.titlePersistence in the Private Debt-to-GDP Ratio: Evidence from 43 OECD Countrieses
dc.typepreprintes
dc.description.departmentEmpresaes
dc.rights.accessRightsopen accesses
dc.subject.areaMacroeconomíaes


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