The Characteristics of Fiscal Policy in Canada
We employ a methodology that distinguishes between discretionary and non-discretionary changes in provincial and federal fiscal policy. We find substantial variation in the discretionary policy of Canadian governments, across both time and jurisdictions. We uncover a marked asymmetry in the composition of discretionary fiscal stances. Fiscal retrenchments have tended to be dominated by a "balance" between spending cuts and tax increases, while fiscal expansions have been largely expenditure dominant. This asymmetry suggests a historic bias toward expanding the size of the public sector. The most recent fiscal retrenchment at both the federal and provincial level (1993-1996) breaks from this historical tendency by being largely expenditure dominant.
Year of publication: |
1999
|
---|---|
Authors: | Kneebone, Ronald D. ; McKenzie, Kenneth J. |
Published in: |
Canadian Public Policy. - University of Toronto Press. - Vol. 25.1999, 4, p. 483-501
|
Publisher: |
University of Toronto Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Electoral and partisan cycles in fiscal policy : an examination of Canadian provinces
Kneebone, Ronald D., (2001)
-
Kneebone, Ronald D., (2000)
-
The characteristics of fiscal policy in Canada
Kneebone, Ronald D., (1999)
- More ...