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December 24, 2018

CPB World Trade Monitor October 2018


The CPB World Trade Monitor shows that the volume of world trade increased 1.1% in October, having decreased 1.1% in September (unchanged from initial estimate).

October 19, 2018

Estimating migration changes from the EU’s free movement of people principle


We estimate the impact of the free movement of people (FMP) principle on bilateral intra-EU migration stocks using a gravity model. Employing a combination of the World Bank and the UN’s global migration databases, with observations between 1960 and 2015, allows us to analyse the impact of the FMP for most EU member states.

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October 16, 2018

The effects of globalisation in the Netherlands: A theoretical and empirical survey


The purpose of this document is to put the developments of globalisation into perspective for the Dutch labour market.

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July 6, 2018

Trade Wars: Economic impacts of US tariff increases and retaliations, an international perspective


"Effect trade conflict limited, escalation only has losers". This background document provides information on the economic consequences of the current trade dispute between the US and several countries that announced retaliatory packages or filed them already with the WTO.

July 2, 2018

Frontier firms and followers in the Netherlands: estimating productivity and identifying the frontier


This study shows that constructing a large dataset, which sufficiently covers all firm sizes, is a prerequisite for studying the divergence hypothesis. We merge datasets of individual firm and employee data in the years 20062015 for the Netherlands, resulting in a representative sample of corporations. We find no evidence of diverging productivity between firms on the national frontier and laggard firms.

June 28, 2018

Koplopers en volgers: geen divergentie in Nederland

Publication (in Dutch only)

Deze CPB-Notitie geeft een overzicht van de bijdragen van kleine en grote bedrijven aan de productiviteitsgroei in Nederland.

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


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)


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


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.