Intro -- Contents -- I. INTRODUCTION -- II. LITERATURE -- III. THE CANADIAN TAX AND BENEFIT SYSTEM IN THE 1990S -- IV. ECONOMETRIC ANALYSIS -- V. RESULTS -- VI. CONCLUSION AND POLICY IMPLICATIONS -- REFERENCES.

Although there are several measures of fiscal transparency, none provides satisfactory information on certain issues of macroeconomic relevance, including whether fiscal data are available for all of general government, whether the government reports a balance sheet, and whether spending and...