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The OECD's macroeconomic work is based on continued monitoring of events in Member countries as well as outside the OECD area and includes regular projections of short and medium-term economic developments. Interactions between individual countries' policies and developments are a notable concern. Bookmark this page: www.oecd.org/economics
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10-Jul-2009
Indonesia is a very interesting case for empirically testing the impact of minimum-wage legislation on employment and informality. The country went through a process of fiscal decentralisation in 2001 that, among other things, devolved minimum-wage setting responsibilities to the provinces and local governments.
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08-Jul-2009
The Belgian economy is in a deep recession. Nevertheless, the government should not forego structural reforms in areas such as labour policy, fiscal policy, fiscal federalism, taxation and competition. Such reforms are particularly important to meet the challenge of securing fiscal sustainability.
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08-Jul-2009
The economic crisis will both sharply reduce SCG’s own tax revenues and – via budget constraints at the central level – increase pressure on the grant system. The crisis could hence help rethink the SCG revenue mix, their tax structure and the size and design of intergovernmental transfers.
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08-Jul-2009
This pilot study presents indicators that assess sub-central government (SCG) spending power by policy area. Results tend to confirm the limited discretion of SCGs over their own budget. Education in particular – the main SCG budget item in most countries – is strongly shaped by central government regulation.
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06-Jul-2009
Brazil, like other natural resource exporting countries, has benefited from a sharp increase in commodity prices over the last few years. To investigate the possible impact of terms of trade gains on the real economy, this paper estimates normalised quadratic input demand and output supply functions for the Brazilian economy during 1997-2008.
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