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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Bibliografiske detaljer
Hovedforfatter: Schuknecht, Ludger
Andre forfattere: Jaeger, Albert
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2004.
Serier:IMF Working Papers; Working Paper ; No. 2004/054
Online adgang:Full text available on IMF

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