Series: IMF Working Papers
Author(s): Estelle Liu , Todd Mattina , and Tigran Poghosyan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 May 2015
Keywords: asset price, equity market, housing market, panel data econometrics, prices, price, equity, Asset Pricing, Deficit, panel data econometrics.,
This paper outlines an operational approach for incorporating the impact of asset price cycles in the calculation of structural fiscal balances (SFBs). The global financial crisis demonstrated that movements in ass...