Montasser, Ghassen El; Gupta, Rangan; Jooste, Charl; … - Department of Economics, Faculty of Economic and … - 2015
This paper studies the interplay of fiscal policy and asset price returns of the United States in a time … policy and asset returns on asset returns and fiscal policy. Distinguishing between low volatility (bull market) and high …. Furthermore, the findings show that asset return movements affect fiscal policy, whereby fiscal policy responds more to equity …