Candadian Deficits and Debt: Is It True The Politicians Say?

N. Ozawa and A.A. Bolbol

Working Papers from Ryerson Polytechnical Institute - Department of Economics

Abstract: The 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.

Keywords: DEBT; DEFICIT; ECONOMIC POLICY (search for similar items in EconPapers)
JEL-codes: F34 H63 (search for similar items in EconPapers)
Pages: 26 pages
Date: 1996
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:ryerso:7

Access Statistics for this paper

More papers in Working Papers from Ryerson Polytechnical Institute - Department of Economics RYERSON POLYTECHNICAL INSTITUTE, DEPARTMENT OF ECONOMICS, 350 VICTORIA ST. TORONTO ONTARIO M5B 2K3 CANADA.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().