Ozawa, N.; Bolbol, A.A. - Department of Economics, Ryerson University - 1996
The paper provides an analysis of Canadian deficits and debt since the early 1980s. It presents some suitable adjustments to defict measurements and considers the validity of four explanations of deficts: Ricardian equivalence, tax and spend, Keynesian, and Neoclassical. The Neoclassical view...