Aye, Goodness C.; Balcilar, Mehmet; Gupta, Rangan; … - Department of Economics, University of Nevada-Las Vegas - 2012
does not affect house prices, but temporarily exerts a positive effect on stock prices. With a deficit-financed tax cut … shock, house prices increase persistently while stock prices increase quickly, but only temporarily. A balanced budget shock … permanently decreases house prices and temporarily reduces stock prices. …