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...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Schuknecht, Ludger
Muut tekijät: Jaeger, Albert
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2004.
Sarja:IMF Working Papers; Working Paper ; No. 2004/054
Linkit:Full text available on IMF