Publications

December 19, 2019

Limitation of holding structures for intra-EU dividends: A blow to tax avoidance?

This article analyses the recent rulings from the European Court of Justice in two Danish cases and examines their possible impact on international tax avoidance.

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December 17, 2019

The effects of the increase in the retirement age in the Netherlands

The increase in the statutory retirement age reduced the number of pensioners. About one third of this drop results in additional employment. Net savings for the government are about 80% of direct savings on retirement...

December 10, 2019

SVARs, the central bank balance sheet and the effects of unconventional monetary policy in the euro area

This discussion paper presents further evidence that the most important published estimates of the effects of unconventional monetary policy are not reliable. It is a further elaboration of the ideas in the CPB...

September 10, 2019

Treatment responses of mental health care providers after a demand shock

This paper investigates how two different groups of Dutch mental health care providers responded to an exogenous 20% drop in the number of patients in 2012.

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August 29, 2019

Flexible Wages or Flexible Workers?

CPB investigated how fi rms adjust wages and employment in periods of adverse economic circumstances.

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July 1, 2019

The effect of demographic developments and growth on the optimal statutory retirement age

This paper develops a stylized model that can serve as an instrument to assess how long term trends as demographic change and rising living standards affect the optimal future rise of the statutory retirement age (sra)...

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June 26, 2019

Dutch Shell Companies and International Tax Planning

This paper uses the financial statements of special purpose entities (SPEs) for explaining the origin and destination of dividend, interest, and royalty flows passing the Netherlands.

June 26, 2019

Non-Bunching at Kinks and Notches in Cash Transfers

We typically do not find statistically signicant evidence of bunching around kinks or notches, neither in income nor in wealth.

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June 7, 2019

Estimating the Impact of the Financial Cycle on Fiscal Policy

We investigate the impact of the financial cycle on the effectiveness of fiscal policy.

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May 28, 2019

Experimenting with dropout prevention policies

School dropout rates did not decrease significantly in three randomized controlled trials (RCTs) in Dutch vocational training colleges.

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