Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/189322 
Erscheinungsjahr: 
2004
Schriftenreihe/Nr.: 
Queen's Economics Department Working Paper No. 1041
Verlag: 
Queen's University, Department of Economics, Kingston (Ontario)
Zusammenfassung: 
In this article we argue that the evaluation and implementation of Canadian fiscal policy could be significantly improved through the systematic use of information provided by global financial markets. In particular, we show how the information contained in internationally traded asset returns can be used to (1) provide a more meaningful cyclical-adjustment of the budget deficit, (2) assess the sustainability of the public debt, and (3) reduce the risk of the debt becoming unsustainable without having to run excessively large surpluses.
Schlagwörter: 
Public debt
cyclically-adjusted deficit
sustainability
hedging
JEL: 
G1
H6
Dokumentart: 
Working Paper

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