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The question is no longer if, but when and how unconventional monetary policy will be phased out. The undoing of the unconventional policies will affect European economies, just as their build up stimulated the euro area economy. →

Rapportage voor de Tweede Kamer over de internationale en nationale macro-economische ontwikkelingen in samenhang met ontwikkelingen in de financiële sector. →

Dit CPB Achtergronddocument vormt zowel een actualisatie als een uitbreiding van de notitie uit 2015. De actualisatie betreft het literatuuroverzicht en de gebruikte data. De uitbreiding heeft betrekking op de simulatie van mogelijke gedragsreacties op de verlaging van de maximale LTV. →

We study the effect of housing collateral on entrepreneurial lending in the Netherlands. This residential collateral channel is especially relevant for sole proprietors for whom there is no legal distinction between the owner and the business. →

This paper exploits a unique set of Dutch micro data to analyze the response in prepayment behavior to changes in incentives for prepaying. →

The international corporate tax system is considered as a network and, just like for transportation, ‘shortest’ paths are computed, minimizing tax payments for multinational enterprises when repatriating profits. We include corporate income tax rates, withholding taxes on dividends, double tax treaties and the double taxation relief methods. →

We study the impact of changes in house prices on savings using administrative panel data on Dutch owner-occupying and renting households over the period 2006-2013. →

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? →

We investigate the impact of negative home equity on job mobility. Panel fixed effects estimation is carried out by making use of Dutch administrative panel in the period 2006-2011. →

Naar aanleiding van Kamervragen heeft het ministerie van SZW aan het CPB gevraagd om de effecten van invoering van een bodem in de rekenrente te bepalen. Deze CPB Notitie beschrijft de gevraagde effecten. →