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IMF Fiscal Monitor, April 2017

International Monetary Fund, (2017), "IMF Fiscal Monitor, April 2017", Απρίλιος

A top challenge facing policymakers today is how to raise total factor productivity, the key driver of living standards over the long term. Tackling this challenge calls for the use of all policy levers, and in particular growth-friendly fiscal policies. This chapter makes the case that upgrading a country’s tax system is important to boosting productivity because it can reduce distortions that prevent resources from going to where they are most productive.

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