December 14, 2021

30 Years of Generational Accounting: A Critical Review

The question whether fiscal policies can be considered sustainable in the light of population ageing is old, but still relevant. Even more so, its relevance has increased recently as public debt levels have gone up...

August 12, 2021

Completing Dutch pension reform

Recently, the government and the social partners in the Netherlands agreed on how to reform the scheme of occupational pensions in the coming years. In June 2019 they agreed on the main principles of reform, in June 2020 they elaborated these principles in more detail.

Elderly on a Dutch Boulevard
September 15, 2020

CRASH - A Simulation Model for Extreme Events

What is the impact of extreme external shocks, such as the Great Recession, upon Dutch public finances? The question is very challenging, given that such shocks are very different from mild disruptions of the economy...

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March 24, 2017

The role of inflation-linked bonds

The market for inflation-linked bonds (ILBs) is growing, but still small when compared to the market for nominal bonds. This paper raises the question why governments do not rely more on ILBs to finance their public debts?