| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5055465 | Economic Modelling | 2011 | 20 Pages |
Abstract
⺠We investigate the link between fiscal policy shocks and asset markets. ⺠Spending shocks have a positive effect on housing prices and a negative effect on stock prices. ⺠Fiscal shocks play a minor role in the U.S. and Germany. ⺠Fiscal shocks amplify the variability of housing and stock prices in the U.K. ⺠Government revenue shocks have increased volatility in Italy.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
António Afonso, Ricardo M. Sousa,