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April 24, 2020

The CPB World Trade Monitor: technical description (update 2020)

Publication

The CPB World Trade Monitor (WTM) is an instrument for bringing together, aggregating, and summarizing worldwide monthly data on international trade and industrial production. Its purpose is to report monthly developments in trade and production at the earliest possible date, covering a sample of countries as large as possible.

April 24, 2020

CPB World Trade Monitor February 2020

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The CPB World Trade Monitor shows that the volume of world trade decreased 1.5% in February 2020.

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March 25, 2020

CPB World Trade Monitor January 2020

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The CPB World Trade Monitor shows that the volume of world trade decreased 1.2% in January.

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February 25, 2020

CPB World Trade Monitor December 2019

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The CPB World Trade Monitor shows that the volume of world trade increased 0.3% in December 2019.

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January 24, 2020

CPB World Trade Monitor November 2019

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The CPB World Trade Monitor shows that the volume of world trade decreased 0.6% in November.

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December 24, 2019

CPB World Trade Monitor October 2019

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The CPB World Trade Monitor shows that the volume of world trade increased 0.4% in October, having decreased 1.2% in September.

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December 19, 2019

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

Publication

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 10, 2019

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

Publication

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 discussion paper "Do zero and sign restricted SVARs identify unconventional monetary policy shocks in the euro area?". Previous empirical studies seem to show that the unconventional monetary policy of the ECB, also known as balance sheet policy, has a positive effect on growth and inflation. However, this conclusion is unfounded, because institutional features of monetary policy in the euro area make it impossible to identify unexpectedly exogenous variation in monetary policy.

November 25, 2019

CPB World Trade Monitor September 2019

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The CPB World Trade Monitor shows that the volume of world trade decreased 1.3% in September, having increased 0.5% in August.

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October 25, 2019

CPB World Trade Monitor August 2019

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The CPB World Trade Monitor shows that the volume of world trade increased 0.5% in August, having increased 1.4% in July (initial estimate 1.9%).

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