The Resource Boom-bust phases in asset prices and fiscal policy behavior, prepared by Albert Jaeger, Ludger Schuknecht

Boom-bust phases in asset prices and fiscal policy behavior, prepared by Albert Jaeger, Ludger Schuknecht

Label
Boom-bust phases in asset prices and fiscal policy behavior
Title
Boom-bust phases in asset prices and fiscal policy behavior
Statement of responsibility
prepared by Albert Jaeger, Ludger Schuknecht
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
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 boom-bust phases tend to be highly persistent, cyclical turning points are harder to forecast, and the margins of error for output gap estimates can be large. Second, conventional estimates of revenue elasticities seem not to allow an accurate assessment of the fiscal stance and of the strength of underlying fiscal positions during boom-bust phases. and third, boom-bust phases tend to exacerbate already existing procyclical policy biases, as well as political-economy biases, toward higher spending and public debt ratios
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
657.7
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.04/54
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/04/54
Label
Boom-bust phases in asset prices and fiscal policy behavior, prepared by Albert Jaeger, Ludger Schuknecht
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 33-35)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn647034201
Dimensions
unknown
Extent
1 online resource (35 pages)
File format
one file format
Form of item
online
Isbn
9781451894417
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/recordID
.b3716613x
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647034201
  • imf1281155845
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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