A Simulation Model of Federal, Provincial and Territorial Government Accounts for the Analysis of Fiscal‑Consolidation Strategies in Canada

Organisation for Economic Co-operation and Development2026-04-11 收录

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This paper presents a simulation model of the main budget aggregates of federal, provincial and territorial governments in Canada. The general approach is to use a cyclical indicator (output gap), estimate the sensitivity of government revenue and expenditure to this cyclical indicator using historical data, and use projections of the cyclical...