The Characteristics of Fiscal Policy in Canada
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.
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|Date of creation:||1998|
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- Olivier Jean Blanchard, 1990. "Suggestions for a New Set of Fiscal Indicators," OECD Economics Department Working Papers 79, OECD Publishing.