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The Characteristics of Fiscal Policy in Canada

Author Info

Listed author(s):
  • 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.

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Paper provided by Calgary - Department of Economics in its series Papers with number 98-07.

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Length: 27 pages
Date of creation: 1998
Handle: RePEc:fth:calgar:98-07
Contact details of provider: Postal:
THE UNIVERSITY OF CALGARY, DEPARTMENT OF ECONOMICS, 2500 UNIVERSITY DRIVE N.W. CALGARY ALBERTA CANADA T2N 1N4.

Phone: (403) 220-5857
Fax: (403) 282-5262
Web page: http://econ.ucalgary.ca/

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Keywords: FISCAL POLICY ; CANADA ; DEFICIT;

Other versions of this item:

Find related papers by JEL classification:
  • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
  • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

References listed on IDEAS
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  1. 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, 09.
  2. 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.
  3. 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.

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