Publications

Policy Note 1999/3 | March 1999

Surplus Mania

A Reality Check

A federal government surplus has finally been achieved, and it has been met with pronouncements that it is a great gift for the future and with arguments about what to do with it. However, the surplus will be short-lived, it will depress economic growth, and, in any case, surpluses cannot be “used” for anything.

Download:
Associated Program:
Author(s):

Publication Highlight

Working Paper No. 1050
Macroeconomic Effects of a Government Overdraft on Its Central Bank Account
Author(s): Tarron Khemraj
May 2024

Quick Search

Search in: