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The OECD monitors fiscal policies. Assessments shape the macroeconomic projections and policy recommendations. Work also examines the longer-term debt dynamics and sustainability of public finances, the role of fiscal policy in a monetary union and the interaction between fiscal and monetary policy.
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06-Oct-2008
Frequent recourse to large one-off operations in a number of OECD countries has undermined the accuracy of cyclically adjusted fiscal balances as a measure of both the sustainability of public finance and the fiscal stance. This paper first provides detailed information on the nature and amount of these one-offs for 9 OECD countries.
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03-Oct-2008
This paper uses a stratified sample of firms across OECD economies over the period 1996-2004 to analyse the effects of corporate taxes on productivity and investment.
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23-Sep-2008
Indonesia’s growth performance is improving, following a slow recovery from the 1997-98 financial crisis. Investment is picking up, despite considerable business climate obstacles to entrepreneurship. This paper argues that the main barriers to raising the economy’s growth potential are to be found on the supply side of the economy.
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