Boom-Bust Phases in Asset Prices and Fiscal Policy Behavior /
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 such b...
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| Format: | Revue |
| Langue: | English |
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Washington, D.C. :
International Monetary Fund,
2004.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2004/054 |
| Accès en ligne: | Full text available on IMF |