Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - In: Jahrbücher für Nationalökonomie und Statistik 233 (2013) 3, pp. 291-335
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 … to ensure that fiscal consolidation actually takes place - for the sake of public debt sustainability. …