Deficits and Debt in Canada
Some Lessons from Recent History
Bibliographic Data
| ID | 11969694 |
|---|---|
| Authors | Ronald D Kneebone (0000-0002-4290-1240, corresponding author) |
| Year | 1994 |
| Volume | 20 |
| Issue | 2 |
| Pages | 152-152 |
| Publication date | 1994-06-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Canadian Public Policy (JOURNAL) |
| Journal identifiers | ISSN: 0317-0861 • E-ISSN: 1911-9917 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/3552103 |
| OpenAlex | W1982141447 |
| Language | EN |
| Citations received | 5 |
This paper reviews the recent history of federal and provincial deficits and debt in Canada with the purpose of investigating whether rules of behaviour need to be imposed on fiscal authorities as a way of controlling the growth of these deficits and debt. The evidence suggests that the need for rules governing provincial fiscal behaviour is weak because financial markets already impose such rules and that they have been effective at controlling provincial budgetary choices. Financial markets fail to impose similar rules at the federal level due to a lack of credibility regarding the Bank of Canada's policy of not monetizing federal debt
Debt · Economics · Canadian Policy and Governance · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · History · Finance
| Citations per year | 0.17 |
|---|---|
| Citation span | 1996 - 2024 (29) |
| Highly cited | No |