Fiscal Adjustments and Asset Price Movements

This paper examines the links between asset price movements and fiscal adjustments. Our findings suggest that a pick up in asset prices increases the probability of initiating a fiscal adjustment, but it does not necessarily lead to a sustainable correction of fiscal imbalances. However, higher real equity prices increase the probability of success

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Year of publication:	[2022]
Authors:	Tagkalakis, Athanasios
Publisher:	[S.l.] : SSRN
Subject:	Börsenkurs \| Share price \| Haushaltskonsolidierung \| Fiscal consolidation \| Finanzpolitik \| Fiscal policy \| Öffentliche Schulden \| Public debt

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Extent:	1 Online-Ressource (24 p)
Series:	Bank of Greece Working Paper ; No. 104
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 1, 2009 erstellt
Other identifiers:	10.2139/ssrn.4166472 [DOI]
Classification:	E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H61 - Budget; Budget Systems ; H62 - Deficit; Surplus ; E32 - Business Fluctuations; Cycles
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013404355