| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 965837 | Journal of Macroeconomics | 2011 | 18 Pages |
Abstract
⺠Residential, commercial property and equity price changes facilitate fiscal adjustment. ⺠Real equity and residential property price changes lead to successful adjustments. ⺠Asset prices increases lead to sustained revenue and primary balance adjustment. ⺠Positive association between real estate price changes and sharp expenditure cuts. ⺠Bad budgetary and economic conditions improve the sustainability of spending cuts.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Athanasios Tagkalakis,