IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

Public Underwriting of Private Debt: The Prospect of Industry Targeting

  • Rock Lefebvre


    (Certified General Accountants Association of Canada)

  • Elena Simonova


    (Certified General Accountants Association of Canada)

Registered author(s):

    This paper ascertains the nature and foreseeable effectiveness of some of stimulus measures introduced by Canada's federal government to stem the 2008 financial crisis. To that end, the paper considers three distinct elements which form one logical continuum. Starting with the identification of components of the overall economic stimulus package, the consideration then shifts to the least invulnerable stimulus measure, i.e. support to the auto industry. This is followed with a discussion of the possible implications of stimulus measures and other selected factors on the level of federal debt. The analysis shows that there is reason to doubt that the financial support to the auto industry was commensurate with its relative size or its comparative importance to the Canadian economy. Moreover, the combination of economic uncertainty and the already existing fiscal pressures of an aging population may exacerbate significantly the actual levels of federal deficit and debt. As such, a balanced approach to planned federal deficit reduction and federal debt stabilization may once again be desirable.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (Elena Simonova)

    File Function: First version, 2009
    Download Restriction: no

    Paper provided by Certified General Accountants Association of Canada in its series Working Papers with number 091206.

    in new window

    Length: 86 pages
    Date of creation: Dec 2009
    Date of revision:
    Handle: RePEc:cga:wpaper:091206
    Contact details of provider: Postal: Suite 100, 4200 North Fraser Way, Burnaby, British Columbia V5J 5K7, Canada
    Phone: 1-800-663-1529
    Fax: 1-604-689-5845
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:cga:wpaper:091206. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elena Simonova)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.