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The Characteristics of Fiscal Policy in Canada

Author

Listed:
  • Kneebone, R.D.
  • McKenzie. K.

Abstract

In this paper, we identify discretionary fiscal policies of the federal government and the ten provincial governments over the period 1962-1996. The characteristics of fiscal expansions and contractions are compared. Over this period, 'balanced' approaches to deficit changes were reserved for policy choices that expanded the deficit while efforts at deficit reduction relied far more heavily on tax increases. Recent efforts at deficit reduction are different from those of the past in that they have relied very heavily on cuts to program spending.

Suggested Citation

  • Kneebone, R.D. & McKenzie. K., 1998. "The Characteristics of Fiscal Policy in Canada," Papers 98-07, Calgary - Department of Economics.
    • Handle: RePEc:fth:calgar:98-07
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    References listed on IDEAS

    as
    1. Alberto Alesina & Roberto Perotti, 1995. "Fiscal Expansions and Fiscal Adjustments in OECD Countries," NBER Working Papers 5214, National Bureau of Economic Research, Inc.
    2. Olivier Jean Blanchard, 1990. "Suggestions for a New Set of Fiscal Indicators," OECD Economics Department Working Papers 79, OECD Publishing.
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    Cited by:

    1. Sebastian Hauptmeier & Martin Heipertz & Ludger Schuknecht, 2007. "Expenditure Reform in Industrialised Countries: A Case-Study Approach," Fiscal Studies, Institute for Fiscal Studies, vol. 28(3), pages 293-342, September.
    2. Ron Kneebone & John Leach, 2001. "The Accumulation of Public Debt in Canada," Canadian Public Policy, University of Toronto Press, vol. 27(3), pages 297-312, September.
    3. J.C. Herbert Emery & Ronald D. Kneebone, 2008. "Socialists, Populists, Resources, and the Divergent Development of Alberta and Saskatchewan," Canadian Public Policy, University of Toronto Press, vol. 34(4), pages 419-440, December.

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    More about this item

    Keywords

    FISCAL POLICY ; CANADA ; DEFICIT;
    All these keywords.

    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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