Kirchgässner, Gebhard - In: German Economic Review 15 (2014) 1, pp. 116-130
considerable increase in public debt over recent decades caused by large and lasting deficits. What is the reason for this … of public debt. It also shows the conditions for the sustainability of public finances namely that public debt stays … periods of economic upswings. In the long run, this can lead to ever-increasing public debt. To prevent this, institutional …