Economic Survey of Russia 2009: Making exchange rate policy more flexible and monetary policy more effective

Russia should aim for a gradual switch from a quasi-fixed exchange rate policy to inflation targeting. Not all conditions for adopting inflation targeting are yet in place, but preparations should be accelerated.

Policy Brief: Economic Survey of Brazil, 2009

The global financial and economic crisis has not left Brazil unscathed. But a recovery is getting under way and should gather momentum in the second half of 2009 and into 2010. Continued macroeconomic consolidation – based on a sound policy framework combining inflation targeting, a flexible exchange rate and rules‑based fiscal management – together with a much improved external liability position have underpinned the economy’s

Launch of the OECD 2009 Economic Survey of Brazil

In Brazil to launch the 2009 Economic Survey of Brazil, Angel Gurría talks about the main findings of the study and resulting policy recommendations.

Recent reforms strengthening Brazil’s resilience to economic crisis, says OECD’s Gurría

Brazil is resisting the global downturn better than many other countries thanks to sound policies developed over recent years and an improved balance of payments, said Angel Gurría, Secretary-General of the OECD.

Economic Survey of Brazil 2009: Reforming indirect taxes and labour levies

The complexities and fragmentation of Brazil’s tax system make it particularly onerous to enterprises, making it a priority for reform. The state-level VAT has often been used as an industrial policy instrument, resulting in predatory tax competition among the states. Remaining federal levies on enterprise turnover are detrimental to the competitiveness of Brazilian exports. The burden of payroll taxes and social security

How does decentralised minimum wage setting affect unemployment and informality? The case of Indonesia

Our findings show that an increase in the minimum to mean wage ratio is associated with a net increase in employment: a rise in informal sector employment more than compensates for job losses in the formal sector.

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• Economic Assessment of Indonesia 2008

Intergenerational social mobility in European OECD countries

This paper breaks new ground by providing comparable estimates of intergenerational wage and education persistence across 14 European OECD countries based on a new micro data from Eurostat.

Equity in student achievement across OECD countries: an investigation of the role of policies

This paper focuses on inequalities in learning opportunities for individuals coming from different socio-economic backgrounds as a measure of (in) equality of opportunity in OECD countries and looks at the role played by policies and institutions in shaping countries’ relative positions.

OECD Economic Survey of Brazil 2009

The OECD’s latest economic survey of Brazil, to be published on Tuesday 14 July 2009, looks at the challenges the country faces as it recovers from the global downturn. It also discusses the reforms needed to reinforce long-term growth and raise living standards.

Economic Survey of Belgium 2009: How to reform the tax system to enhance economic growth

The tax system is relying too much on relatively growth distorting taxes. Despite reforms, labour taxation continues to contribute to substantial labour market traps while corporate tax rates are relatively high. Moreover, most tax bases are narrowed by numerous exemptions and reductions.