Deficits and Debt in the Canadian Economy PDF Download
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Author: Richard G. Harris
Publisher: Kingston, Ont. : John Deutsch Institute for the Study of Economic Policy
ISBN:
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
Author: Richard G. Harris
Publisher: Kingston, Ont. : John Deutsch Institute for the Study of Economic Policy
ISBN:
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
Author: R. Tiff Macklem
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 70
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Book Description
Author: Tiff Macklem
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This paper examines the macroeconomic implications of rising government debt in Canada and the short-run costs and long-run benefits of stemming the rise. The discussion begins with an evaluation of the long-run consequences of increasing government indebtedness, first based on the simple arithmetic of the government's long-run budget constraint, and then based on simulations of the Bank of Canada's main model of the Canadian economy, which incorporates several channels through which government debt may affect real economic activity. The principal conclusion is that the main economic cost of higher government debt is a lower sustainable level of domestic consumption. Simulations with the full dynamic model highlight the trade- off of short-run loss for long-run gain presented by deficit reduction. There are important short-run costs of stemming a rise in debt. However, the results of this paper show that substantial net gains are obtained from doing so, since the present value of the permanent long-term gains in consumption far outweigh these short-term costs. The simulations also suggest that a fiscal contraction would require an easing of monetary conditions relative to what they would have otherwise been to maintain an inflation target.
Author: Gary Rabbior
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 58
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Author:
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 62
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Book Description
Author: Canada. Department of Finance
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 124
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Book Description
Author: Albert, Mario
Publisher: Fiscal Policy and Economic Analysis Branch, Department of Finance
ISBN:
Category : Canada
Languages : en
Pages : 48
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Book Description
Author: C.D. Howe Institute
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 360
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Book Description
From the back cover: Willingly or not Canadian governments are making deficit reduction and control of public debt conerstones of their economic policies. Yet the consequences of deficit reduction, like the effects of deficits themselves, are matters of controversy among economists and policymakers. The size and nature of the burdens imposed by mounting government debt are uncertain, while predictions of the benefits and cost of fiscal retrenchment are sensitive to key assumptions about economic structure, the strategy of the budget-balancing exercise, and complementary government policies. This volume presents state-of-the-art investigations of these problems from a number of leading Canadian economists.
Author: R. T. Naylor
Publisher: Black Rose Books Ltd.
ISBN:
Category : Banks and banking, International
Languages : en
Pages : 236
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Book Description
Starting with an analysis of Canadian economic interrelations with various European countries, this book goes on to examine the effect of international investment flows on development. "Provides a welcome alternative conception of Canadian economic priorities."--Canadian Journal of Political Science
Author: A. E. Safarian
Publisher: McGill-Queen's Press - MQUP
ISBN: 0773537023
Category : Canada
Languages : en
Pages : 285
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Book Description
An updated classic on Canada's Great Depression with insights for the current global financial crisis
