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Download or read book The Political Economy of Debt and Deficit Politics in Canada written by and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Timothy Joseph Lewis
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (133 download)
Download or read book The Political Economy of Debt and Deficit Politics in Canada written by Timothy Joseph Lewis and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is concerned with changes in the public conceptualizations of deficit finance offered by Canada's federal government since the early 1970's. It seeks to explain how the Keynesian notion it is appropriate to run deficits to offset cyclical economic underperformance, which was very much alive in the 1970's, has been defeated such that in the conceptualizations publicly proffered since 1994, deficit finance is presented as serving no useful function. In addition to explaining this change, the dissertation is also concerned with detailing some of its effects. The argument is that a dynamic interaction of ideas and interests is the best explanation for this change. By the mid-1970's, Keynesian views were functioning in the context of a deteriorating underlying economy. Over time a new conceptualization of corporate economic interests emerged out of economic decline, and new policy responses which rationalized those interests were crafted. The Mulroney government was the vehicle for the expression of these interests. The Mulroney government failed markedly in terms of the fiscal goals it set for itself. This was because other structural reforms were prioritized over fiscal concerns, and also because persistent trace elements of Keynesian thinking continued to inhabit a dominant neoliberal economic model. However, over time, the economic restructuring in which the Mulroney government engaged, and the related recession in the early 1990's, changed the economic experience and interests of the mass public, and created the conditions for mass public support of fiscal retrenchment. When the Chrétien Liberals took office, the economic interests of citizens had been recast such that the Keynesian Welfare Stare, supported in no small part by deficits, was interpreted as protecting "special interests" and "bureaucrats" rather than the "average" citizen. As such, mass public approval for fiscal retrenchment was finally realized. Both a cause and an effect of this change in the interests of the mass public was the extinguishing from the public utterances of the federal government of any reference to the impact retrenchment might have upon economic performance. With the public end of Keynesian views regarding the value of deficit finance came the end of deficits. One result of these new conceptualizations and the accompanying retrenchment was a redefined role of the state in the economy.
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Author : Timothy Joseph Lewis
Publisher : National Library of Canada = Bibliothèque nationale du Canada
ISBN 13 : 9780612586604
Total Pages : 974 pages
Book Rating : 4.5/5 (866 download)
Download or read book The Political Economy of Debt and Deficit Politics in Canada [microform] written by Timothy Joseph Lewis and published by National Library of Canada = Bibliothèque nationale du Canada. This book was released on 1999 with total page 974 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This dissertation is concerned with changes in the public conceptualizations of delicit finance offered by Canada's federal government since the early 1970's. It seeks to explain how the Keynesian notion it is appropriate to run deficits to offset cyclical economic underperformance, which was very much alive in the 1970's, has been defeated such that in the conceptualizations publicly proffered since 1994, deficit finance is presented as serving no useful function. In addition to explaining this change, the dissertation is also concerned with derailing some of its effects. The argument is that a dynamic interaction of ideas and interests is the best explanation for this change. By the mid-1970's, Keynesian views were functioning in the context of a deteriorating underlying economy. Over time a new conceptualization of corporate economic interests emerged our of economic decline, and new policy responses which rationalized those interests were crafted. The Mulroney government was the vehicle for the expression of these interests. The Mulroney government failed markedly in terms of the fiscal goals it set for itself. This was because other structural reforms were prioritized over fiscal concerns, and also because persistent trace elements of Keynesian thinking continued to inhabit a dominant neoliberal economic model. However, over rime, the economic restructuring in which the Mulroney government engaged, and the related recession in the early 1990's, changed the economic experience and interests of the mass public, and created the conditions for mass public support of fiscal retrenchment. When the Chretien Liberals took office, the economic interests of citizens had been recast such that the Keynesian Welfare State, supported in no small part by deficits, was interpreted as protecting "special interests" and "bureaucrats" rather than the "average" citizen. As such, mass public approval for fiscal retrenchment was finally realized. Both a cause and an effect of this change in the interests of the mass public was the extinguishing from the public utterances of the federal government of any reference to the impact retrenchment might have upon economic performance. With the public end of Keynesian views regarding the value of deficit finance came the end of deficits. One result of these new conceptualizations and the accompanying retrenchment was a redefined role of the state in the economy"--Leaf a.
Author : Timothy Lewis
Publisher : UBC Press
ISBN 13 : 0774845260
Total Pages : 289 pages
Book Rating : 4.7/5 (748 download)
Download or read book In the Long Run We're All Dead written by Timothy Lewis and published by UBC Press. This book was released on 2013-08-01 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canadian politics in the 1990s were characterized by an unwavering focus on the deficit. At the beginning of the decade, it seemed that fiscal deficits were intractable – a fait accompli of Canadian politics – yet by the end of the decade, Ottawa had taken remarkable actions to eliminate its budgetary shortfalls and had successfully eradicated its deficits. How such a radical change of political course came to pass is still not well understood. In The Long Run We’re All Dead: The Canadian Turn to Fiscal Restraint offers the first comprehensive scholarly account of this vital public policy issue. Lewis deftly analyzes the history of deficit finance from before Confederation through Canada’s postwar Keynesianism to the retrenchment of the Mulroney and Chrétien years. In doing so, he illuminates how the political conditions for Ottawa’s deficit elimination in the 1990s materialized after over 20 consecutive years in the red, and how the decline of Canadian Keynesianism has made way for the emergence of politics organized around balanced budgets. This important book provides scholars and students of Canadian politics with a new framework by which to understand the adoption of government policy, the economic and fiscal legacy of the Mulroney administrations, and the emergence of the new “politics of the surplus.” It will be of great interest to those engaged with Canadian politics, political economy, and public policy, as well as to participants in policy processes and the informed public.
Author : Janice MacKinnon
Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 0773571124
Total Pages : 352 pages
Book Rating : 4.7/5 (735 download)
Download or read book Minding the Public Purse written by Janice MacKinnon and published by McGill-Queen's Press - MQUP. This book was released on 2003-03-06 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: MacKinnon, Canada's first female finance minister, provides keen observations on how personalities and shared regional perspectives cut across party affiliations in the evolution of federal-provincial deliberations on managing the debt crisis. Although initially opposed to the radical cuts and downloading unilaterally imposed by the federal minister of Finance in his 1995 budget, she now argues that they were essential and analyses how they have irrevocably transformed the Canadian federation. MacKinnon provides a timely analysis of the implications of the fiscal crisis for the future of medicare and Canada's other social programs and shows why politicians must involve the Canadian public in an open and frank debate about the challenges and choices facing the nation.
Author : Roland Sturm
Publisher : Addison Wesley Publishing Company
ISBN 13 :
Total Pages : 156 pages
Book Rating : 4.3/5 (91 download)
Download or read book Public Deficits written by Roland Sturm and published by Addison Wesley Publishing Company. This book was released on 1999 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed study follows, of the experience of Britain, Canada, Germany and the United States. Consideration of the same issues in each help the comparison: the history of the deficit problem; the institutional framework for decisions on the deficit; the importance of the debt problem in the national political and economic discourse; and the effects of deficit control policies. The concluding chapter is an in-depth comparison of the four countries and puts the problem of public deficits into a political science perspective.
Author : R. Tiff Macklem
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.3/5 (555 download)
Download or read book Government Debt and Deficits in Canada written by R. Tiff Macklem and published by . This book was released on 1995 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hassan Bougrine
Publisher : Edward Elgar Publishing
ISBN 13 : 9781782543381
Total Pages : 198 pages
Book Rating : 4.5/5 (433 download)
Download or read book The Economics of Public Spending written by Hassan Bougrine and published by Edward Elgar Publishing. This book was released on 2000-01-01 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text argues that in many jurisdictions free market advocates have resorted to pubic sector downsizing and privatization as a means of alleviating problems of unemployment and slow economic growth, and that, as a consequence, the strategy of reducing public deficits, balancing budgets and achieving surpluses has become widely accepted as the only road to prosperity.
Author : Tiff Macklem
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Government Debt and Deficits in Canada written by Tiff Macklem and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Richard G. Harris
Publisher : Kingston, Ont. : John Deutsch Institute for the Study of Economic Policy
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.X/5 (2 download)
Download or read book Deficits and Debt in the Canadian Economy written by Richard G. Harris and published by Kingston, Ont. : John Deutsch Institute for the Study of Economic Policy. This book was released on 1993 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : R. T. Naylor
Publisher : Black Rose Books Ltd.
ISBN 13 :
Total Pages : 236 pages
Book Rating : 4.:/5 (43 download)
Download or read book Dominion of Debt written by R. T. Naylor and published by Black Rose Books Ltd.. This book was released on 1985 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : John Loxley
Publisher : International Development Research Centre Books
ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.3/5 (21 download)
Download or read book Interdependence, Disequilibrium, and Growth written by John Loxley and published by International Development Research Centre Books. This book was released on 1998 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the US fiscal & external deficits, emerging regional trading blocs, the implementation of the Uruguay Round of GATT, & the collapse of the Soviet Union & its satellites. It presents a number of approaches to development that do not rely on growth - many of which originate in the South - & assesses their likely impact on North-South relations. The book will particularly appeal to academics, students, & researchers in development studies, international relations, economics, & political sciences.
Author : Harold Chorney
Publisher :
ISBN 13 :
Total Pages : 236 pages
Book Rating : 4.F/5 ( download)
Download or read book Toward a Humanist Political Economy written by Harold Chorney and published by . This book was released on 1992 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of essays written between the late 70s and the present day that focus attention on the neglected cultural side of society in order to chart the progress of political change. "The themes are relevant for those trying to fathom the post-Reaganite political world of the 1990s."--"Canadian Book Review Annual"
Author : Canada. Office of the Auditor General
Publisher : Le Bureau
ISBN 13 :
Total Pages : 138 pages
Book Rating : 4.:/5 (31 download)
Download or read book Deficits and Debt written by Canada. Office of the Auditor General and published by Le Bureau. This book was released on 1993 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document presents the proceedings of the Colloquium on deficits and debt held on April 28 and 29, 1993. It contains three background papers, the keynote address, the opening remarks, and the joint report of the workshops.
Author : Mr.Paul R. Masson
Publisher : International Monetary Fund
ISBN 13 : 1451935390
Total Pages : 52 pages
Book Rating : 4.4/5 (519 download)
Download or read book Long-Term Tendencies in Budget Deficits and Debt written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1995-12-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Author : Mr.Alberto Alesina
Publisher : International Monetary Fund
ISBN 13 : 1451850689
Total Pages : 48 pages
Book Rating : 4.4/5 (518 download)
Download or read book The Political Economy of Budget Deficits written by Mr.Alberto Alesina and published by International Monetary Fund. This book was released on 1994-08-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a critical survey of the literature on politico-institutional determinants of the government budget. We organize our discussion around two questions: Why did certain OECD countries, but not others, accumulate large public debts? Why did these fiscal imbalances appear in the last 20 years rather than before? We begin by discussing the “tax smoothing” model and conclude that this approach alone cannot provide complete answers to these questions. We will then proceed to a discussion of political economy models, which we organize in six groups: (i) models based upon opportunistic policymakers and naive voters with “fiscal illusion;” (ii) models of intergenerational redistributions; (iii) models of debt as a strategic variable, linking the current government with the next one; (iv) models of coalition governments; (v) models of geographically dispersed interests; and (vi) models emphasizing the effects of budgetary institutions. We conclude by briefly discussing policy implications.
Author : Dietmar Braun
Publisher : Routledge
ISBN 13 : 1317246322
Total Pages : 330 pages
Book Rating : 4.3/5 (172 download)
Download or read book Consolidation Policies in Federal States written by Dietmar Braun and published by Routledge. This book was released on 2016-12-19 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global Financial Crisis has led to a renewed attention for the management of public debt and deficits of advanced and developing industrial states. To successfully deal with such problems of public finances raises particular concerns in federal states where fiscal competencies are split between two levels of government. This book offers comparative in-depth knowledge of political struggles related to fiscal consolidation policies in eleven federal states since the 1990s, including the Global Financial Crisis and its aftermath. It identifies conditions that lead to "robust" solutions that can both commit federal actors to prudent fiscal policy-making and avoid conflicts between federal actors that cause federal instability. This text will be of key interest to scholars and students of political economy and comparative politics in general and comparative federalism and EU Politics in particular.
