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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.

June 6, 2017

CPB Risicorapportage Financiële Markten 2017

Publication (in Dutch only)

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

June 6, 2017

Actualisatie economische effecten van een verdere verlaging van de LTV-limiet

Publication (in Dutch only)

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.

April 5, 2017

Optimal Tax Routing: Network Analysis of FDI diversion

Publication

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.

March 24, 2017

Kritische multiplierwaarden voor een negatief schuldeffect van tekortreducerende maatregelen

Publication (in Dutch only)

Tekortreducerende maatregelen door de overheid, bedoeld om de houdbaarheid van de staatsschuld te verbeteren, zullen in eerste instantie de economische groei drukken en vermoedelijk ook de inflatie.

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.