Candadian Deficits and Debt: Is It True The Politicians Say?
AbstractThe paper provides an analysis of Canadian deficits and debt since the early 1980s. It presents some suitable adjustments to defict measurements and considers the validity of four explanations of deficts: Ricardian equivalence, tax and spend, Keynesian, and Neoclassical. The Neoclassical view seems to dominate the results. It also identifies expressions for the rate of growth of debt and debt charges ratios and a measure of sustainability for deficit ratio. The conclusion is that political action reacted too late to stop the rise of these ratios.
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Bibliographic InfoPaper provided by Ryerson Polytechnical Institute - Department of Economics in its series Papers with number 7.
Length: 26 pages
Date of creation: 1996
Date of revision:
Contact details of provider:
Postal: RYERSON POLYTECHNICAL INSTITUTE, DEPARTMENT OF ECONOMICS, 350 VICTORIA ST. TORONTO ONTARIO M5B 2K3 CANADA.
Phone: (416) 979-5092
Fax: (415) 979-5273
Web page: http://economics.ryerson.ca/
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DEBT; DEFICIT; ECONOMIC POLICY;
Find related papers by JEL classification:
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
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