Search results

There are 3 search results.
November 26, 2020

Projections November 2020

Forecast

Economy will recover in 2021, provided coronavirus is under control

Image for Projections November 2020
September 24, 2020

An assessment of the Phillips curve over time: evidence for the United States and the euro area

Publication

We assess the stability of the coefficient on the unemployment gap in various linear dynamic Phillips curve models. We allow the coefficient on the unemployment gap and the other variables in our model to be time-varying, so that we can monitor the importance of the Phillips curve over time. We compare the effects of different measures for inflation and inflation expectations on our estimation results. In our analysis, we use state space methods and adopt a practical approach to Bayesian estimation with feasible testing and diagnostic checking procedures. Empirical results are presented for the United States and the five largest euro area economies.

August 17, 2020

August projections 2020-2021

Forecast

Renewed growth in Dutch economy from third quarter onwards, but downturn will reverberate.

Image for August projections 2020-2021