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June 1, 2018

Inclusieve globalisering

Publication (in Dutch only)

Globalisering is here to stay. Ondanks de maatschappelijke weerstand die vrij verkeer van goederen, diensten, werknemers en kapitaal bij gelegenheid opwekt, zijn de voordelen voor ons land zonder twijfel groot. Het brengt ons beter betaalbare en meer gevarieerde dagelijkse boodschappen en een hogere productie met meer kennisbanen.

March 22, 2018

First Communication National Productivity Board

Publication

Productivity growth is on the decline, in the OECD countries. In the Netherlands, structural growth is also slowing down. On the basis of this fact, the European Commission proposed that each EU Member State would install a national productivity board (NPB). The Council of the European Union has since adopted this proposal.

February 23, 2018

The CPB World Trade Monitor: technical description (update)

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.

February 6, 2018

Effects of Unconventional Monetary Policy on European Corporate Credit

Publication

In this paper we investigate whether the targeted longer-term refinancing operations (TLTRO) and the asset purchase program (APP) led to lower interest rates on new corporate credit, and whether the signalling channel and the capital relief channel played any role in the transmission of these ECB policies.

February 6, 2018

The effects of unconventional monetary policy in the euro area

Publication

How effective are unconventional monetary policies? Through which mechanisms do they work? This discussion paper contains a detailed presentation of the new scientific evidence we reported in the policy brief, and adds to the relatively scarce literature in this field.

January 18, 2018

Firm heterogeneity and exports in the Netherlands: Identifying export potential

Publication

According to the Melitz (2003) model, potential exporters have to be sufficiently productive to overcome the entry costs of foreign markets. Once firms pass this productivity threshold, they all export. However, empirical evidence indicates that a substantial share of high-productive firms do not export.

September 12, 2017

Discussienota Europese Commissie over EMU

Publication (in Dutch only)

De vaste commissie voor Financiën uit de Tweede Kamer der Staten-Generaal organiseert een deskundigenbijeenkomst, in de vorm van een rondetafelgesprek, over de discussienota van de Europese Commissie over het verdiepen van de Economische en Monetaire Unie (EMU).

June 8, 2017

Back to normal monetary policy

Publication

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.

March 9, 2017

Productivity Slowdown - Evidence for the Netherlands

Publication

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.

January 31, 2017

VAT and Agriculture: Lessons from Europe

Publication

Little has been written about the treatment of agriculture under the value added tax (VAT). This article attempts to fill the void by surveying and evaluating the situation in the Member States of the European Union (EU) and some other countries.