Le Canada et l’austérité expansionniste dans les années quatre-vingt-dix : un « succès » macroéconomique à revisiter ?

Sébastien Charles (1) , Thomas Dallery (2)

1 LED - Laboratoire d'Economie Dionysien
2 CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019

This paper studies the evolution and sustainability of public debt in Canada thanks to the accounting methodology put forward by Pasinetti (1998). We show to what extent the austerity policies, which have been applied in the first half of the 1990s by the Canadian government, led to believe to what has been called by some economists the expansionist austerity. Thus, we unveil a large body of “happy” circumstances that prevented the surge of economic recession. When looking at these different elements, we precise the reasons why the Canadian experience should not constitute a role model to be blindly followed as far as fiscal consolidation is concerned.

Domaines: Economies et finances

Sébastien Charles, Thomas Dallery. Le Canada et l’austérité expansionniste dans les années quatre-vingt-dix : un « succès » macroéconomique à revisiter ?. Actualite Economique, 2013, 89 (3), pp.207-230. ⟨10.7202/1025398ar⟩. ⟨halshs-01346444⟩