Tag Archives: net debt
Another Picture That Will Define Ontario Politics for the Next Four Years
Ontario is getting a Throne Speech this week and a budget next week and these events will set the stage for the June election. In her recent post, Frances drew attention to the province's public finances via the public sector wage bill and the public-private sector wage differential and that cutting the public sector wage […]
Fiscal Death Watchlist
I found Nick Rowe’s post Is Japan Already Dead quite inspiring so I decided to dig up the most current IMF World Economic Outlook Database for numbers on net debt to GDP ratios. Japan – which may already be dead – has a net debt to GDP ratio in 2012 of 134 percent. An estimate […]
The Interest Rate Time Bomb
The recent policy debate over whether its time for interest rates to start to rise after being at the lowest levels since the Great Depression for nearly five years shows just how much of a policy box governments are in when it comes to fiscal and monetary policy. Never mind the debate over whether there […]
Debt and Growth
As you probably all know, the Reinhart-Rogoff 2010 study found economic growth slows when the debt to GDP ratio exceeds 90 percent. They used data for 44 countries over a 200-year period and found the relationship between debt and real GDP growth was weak for debt to GDP ratios below 90 percent. However, above 90 […]
Carney’s Departure: The Bigger Picture
Well, it has been an exciting couple of days in Canada on the policy side given the juxtaposition of the following news: 1) the federal by-election results suggest a more competitive political environment for the federal Conservatives in the stronghold of Alberta 2) the world-class City of Toronto is deposing its Mayor over a conflict […]
Provincial Debt Update
The 2012 Federal Fiscal Reference tables are out and the information on provincial net debt is interesting especially when the growth of net debt is considered.
Why Dalton Left
Its no coincidence that on the same day as the Ontario Fall Economic Statement was released, Dalton McGuinty suddenly announced his resignation as Premier of Ontario. After the political acrimony and angst of dealing with teachers, doctors, civil servants and the opposition in a minority government situation, the outlook for Ontario’s 2012-13 deficit is 14.4 […]
Canada’s Provincial Debt Divide
The release of the 2011 Federal Fiscal Reference Tables is a good opportunity for me to refresh myself with an assortment of public finance statistics. What caught my attention this year was the evolution of the east-west divide in provincial public debt.
Worthwhile Canadian Initiative 
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