Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5055384 | Economic Modelling | 2011 | 12 Pages |
Abstract
⺠This paper studies the relationship between cyclically adjusted government revenue and asset price volatility. ⺠A 1% increase in equity price volatility increases government revenue variability by 0.37-0.44%. ⺠An increase in residential property price volatility increases revenue volatility by about 0.15-0.22%. ⺠This effect diminishes to 0.11% in the case of commercial property prices.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Athanasios Tagkalakis,