Priesmeier, Christoph; Koester, Gerrit B. - Deutsche Bundesbank - 2012
: Fiscal sustainability and Wagner's law of an increasing state activity. In this paper, we argue that these two relationships … should be analyzed simultaneously and not separately. We show how Wagner's law might influence fiscal sustainability and how … results indicate sustainability of public finances only until 1973. We show that, for the period after 1973, it is the …