Ee try to answer two very important questions; firstly if the Greek fiscal policy has been consistent with the government intertemporal budget constraint during the two tested periods, 1833-2009 and 1960-2009. We separate the last 50 years which according to most politicians was the problematic...

The relationship between national income and government spending is one of the most debated topics between economists and policy makers during the last decades. The objective of this paper is to examine the Wagner’s law validity, and if it can be applied in the U.K. public spending expansion...