The Economic and Social Consequences of Fiscal Retrenchment in Canada in the 1990s
In: The Review of Economic Performance and Social Progress 2001: The Longest Decade: Canada in the 1990s
AbstractIn this chapter, Jim Stanford agrees that measures were needed to eliminate the deficit. But he argues that Paul Martin's program spending cuts were larger than necessary and caused real pain in many areas of Canadian life. He shows that a strategy in which program spending was frozen in nominal terms, but not cut, would have produced more growth and employment and still yielded almost the same deficit by 1999 (although slightly higher debt levels) as the program-cutting path actually followed.
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Find related papers by JEL classification:
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O51 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
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- Rachlis, M. & Evans, R.G. & Lewis, P. & Barer, M.L., 2001. "Revitalizing Medicare: Shared Problems, Public Solutions," Centre for Health Services and Policy Research 2002:1d, University of British Columbia - Centre for Health Services and Policy Research..
- Osberg, L. & Sharpe, A., 1998. "An Index of Economic Well-being for Canada," Department of Economics at Dalhousie University working papers archive 98-08, Dalhousie, Department of Economics.
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