Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - CESifo - 2013
addressed in the coming years, in order to ensure that fiscal consolidation actually takes place. …]torical analysis, we conduct formal tests on fiscal sustainability, including tests on stationarity and cointegration and the … fiscal policy was sustainable in the period before the First World War, the tests allow for a rejection of the hypothesis of …