Download This PaperFiscal Adjustments and Asset Price Movements
24 Pages Posted: 21 Jul 2022
Date Written: October 1, 2009
Abstract
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.
Keywords: Asset prices; fiscal adjustments
JEL Classification: E61, E62, H61, H62, E32
Suggested Citation: Suggested Citation
Tagkalakis, Athanasios, Fiscal Adjustments and Asset Price Movements (October 1, 2009). Bank of Greece Working Paper No. 104, Available at SSRN: https://ssrn.com/abstract=4166472 or http://dx.doi.org/10.2139/ssrn.4166472
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