Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - In: Journal of Economics and Statistics (Jahrbuecher fuer … 233 (2013) 3, pp. 291-335
contradicting the historical perception of Germany being the poster child of European public finance. Given these corresponding … anecdotal historical analysis, we conduct formal tests on fiscal sustainability, including tests on stationarity and … rejection of the hypothesis of fiscal sustainability for the period from 1950 to 2010.This evidence leads to the conclusion that …