Showing 1 - 10 of 14
Boom and bust phases in asset prices have become a pervasive feature of macroeconomic developments in many advanced economies. This paper studies fiscal policy during boom-bust phases in asset prices and draws several conclusions. First, expansions and contractions in economic activity during...
Persistent link: https://www.econbiz.de/10014404070
Persistent link: https://www.econbiz.de/10001336793
Persistent link: https://www.econbiz.de/10001372538
Persistent link: https://www.econbiz.de/10000930873
Persistent link: https://www.econbiz.de/10012155230
Persistent link: https://www.econbiz.de/10002104757
Persistent link: https://www.econbiz.de/10003336144
Persistent link: https://www.econbiz.de/10003351803
Persistent link: https://www.econbiz.de/10003733566
Numerous countries have experienced boom-bust episodes in asset prices in the past 20 years. This study looks at stylised facts and conducts statistical and econometric analysis for such episodes, distinguishing between industrialised countries that experienced external adjustment (via real...
Persistent link: https://www.econbiz.de/10003554948