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Persistence in the private debt-t -GDP ratio: evidence from 43 OECD countries

dc.contributor.authorCaporale, Guglielmo Maria
dc.contributor.authorGil Alana, Luis A.
dc.contributor.authorMalmierca Ordoqui, María 
dc.date.accessioned2024-01-23T12:04:30Z
dc.date.available2024-01-23T12:04:30Z
dc.date.issued2021
dc.identifier.citationGuglielmo Maria Caporale, Luis Alberiko Gil-Alana & Maria Malmierca (2021) Persistence in the private debt-t -GDP ratio: evidence from 43 OECD countries, Applied Economics, 53:43, 5018-5027, DOI: 10.1080/00036846.2021.1912700es
dc.identifier.urihttps://hdl.handle.net/20.500.12766/520
dc.description.abstractThis paper investigates the degree of persistence of the private debt-to-GDP ratio in 43 OECD 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 impor-tance of macroprudential policy as one of the pillars of macro policyes
dc.language.isoenges
dc.publisherTaylor & Francises
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.titlePersistence in the private debt-t -GDP ratio: evidence from 43 OECD countrieses
dc.typejournal articlees
dc.description.departmentEmpresaes
dc.identifier.doi10.1080/00036846.2021.1912700
dc.issue.number43es
dc.journal.titleApplied Economicses
dc.page.initial5018es
dc.page.final5027es
dc.rights.accessRightsopen accesses
dc.subject.areaEconomía Aplicadaes
dc.subject.keywordPersistencees
dc.subject.keywordFractional integrationes
dc.subject.keywordPrivate debtes
dc.subject.keywordLong memoryes
dc.volume.number53es


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