The Characteristics of Fiscal Policy in Canada

Ronald Kneebone () and McKenzie. K.

Working Papers from Calgary - Department of Economics

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.

Keywords: FISCAL POLICY; CANADA; DEFICIT (search for similar items in EconPapers)
JEL-codes: H30 H62 (search for similar items in EconPapers)
Date: 1998

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Working Paper: The Characteristics of Fiscal Policy in Canada (1998)
Journal Article: The Characteristics of Fiscal Policy in Canada (1999)
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Persistent link: http://EconPapers.repec.org/RePEc:fth:calgar:98-07

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