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News & Events
News
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17-Jul-2008
Measures of the gap between actual and potential activity are used frequently as indicators of the economic cycle and play a vital role in the conduct of monetary and fiscal policy. This paper investigates the uncertainty surrounding projections and early outturn estimates of such gaps and evaluates their usefulness for policy making in real time.
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10-Jul-2008
This paper investigates the design of tax structures to promote economic growth, focusing on how taxes affect growth, and recognises that practical tax reform requires a balance between the aims of efficiency, equity, simplicity and revenue raising.
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20-Jun-2008
An overlapping-generations model with search unemployment is calibrated for the Netherlands to assess the impact of tax-benefit reforms on labour supply. Several reforms are analysed, in particular the introduction of a flat tax and pension reforms. The model demonstrates the potential of these reforms to raise labour supply.
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11-Jun-2008
Canada is a top OECD performer and has done remarkably well in boosting female employment, reducing unemployment, avoiding Dutch disease, and cutting the debt and tax burdens. Recent macroeconomic performance has been strong, and Canada is weathering the global financial crisis and slowdown as well as can be expected.
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11-Jun-2008
Canada has a long history of tax reform and has been actively cutting taxes since the late 1990s against a background of general government surpluses. The resulting gains in business tax competitiveness are expected to raise investment and attract foreign capital. A flatter personal income tax structure, along with better targeting of tax reliefs, has generally improved work incentives and helped to boost female labour force participation
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03-Jun-2008
The 2008 Finland Country Survey argues that globalisation, including the increased mobility of jobs, will continue to put pressure on the Finnish tax base. In order to address this, the Survey recommends that Finland change the mix of taxation, with a reduced burden on labour (especially highly-skilled labour) and an increased burden on immobile factors such as land.
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25-Apr-2008
A reform package enacted in 2007 introduced notably flat tax in personal incomes and fees for certain medical services. This chapter takes stock of the package and the many further plans aimed at addressing long term fiscal sustainability.
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16-Apr-2008
After many years of sustained growth, the housing market has slowed: house prices are falling and there has been a sharp reduction in the number of new homes being built. The exceptional rise in property values in recent years was largely driven by higher income and demographics, but did appear to overshoot the sustainable level. House prices may ease further and could even fall below their long-run value. Residential investment is experiencing a sharp slowdown. This will have some effect on wider economic activity.
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16-Apr-2008
Softening economic growth and the slowdown in the housing market mark a turning point for fiscal policy. Strong revenue growth in earlier years financed a sustained expansion of government spending and some cuts in tax rates, while still allowing the government to run a substantial fiscal surplus. This left the public finances in a healthy state with net government debt declining to a very low level. But this benign picture is changing as growth slows and tax receipts increase more slowly. Public spending growth needs to slow.
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Just released
How deep is the impact of the recent oil and credit shocks on the productive potential of OECD economies?
Issue No. 83
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