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The figures present fan charts around the KMEV 2018 point forecasts for GDP growth, HICP inflation, unemployment and general government financial balance. →

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. →

This paper analyses how The Netherlands compares to other countries in terms of the productivity slowdown. It also includes a comparison of different sectors and tests possible explanatory variables. →

We re-estimate the effects of systemic banking crises in industrialised countries reported by Cerra and Saxena with a model that includes transitory business cycle shocks. →

Productivity is the key driver of long-run living standards. However, in recent years productivity growth has been low across the developed world. →