Robert Tetlow

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Staff Working Papers

Government Debt and Deficits In Canada: A Macro Simulation Analysis

Staff Working Paper 1995-4 Tiff Macklem, David Rose, Robert Tetlow
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 […]
Content Type(s): Staff Research, Staff Working Papers Topic(s): Fiscal Policy