Search results

There are 96 search results.
December 10, 2019

SVARs, the central bank balance sheet and the effects of unconventional monetary policy in the euro area

Publication

This discussion paper presents further evidence that the most important published estimates of the effects of unconventional monetary policy are not reliable. It is a further elaboration of the ideas in the CPB discussion paper "Do zero and sign restricted SVARs identify unconventional monetary policy shocks in the euro area?". Previous empirical studies seem to show that the unconventional monetary policy of the ECB, also known as balance sheet policy, has a positive effect on growth and inflation. However, this conclusion is unfounded, because institutional features of monetary policy in the euro area make it impossible to identify unexpectedly exogenous variation in monetary policy.

November 25, 2019

CPB World Trade Monitor September 2019

Figure

The CPB World Trade Monitor shows that the volume of world trade decreased 1.3% in September, having increased 0.5% in August.

Image for CPB World Trade Monitor September 2019
October 25, 2019

CPB World Trade Monitor August 2019

Figure

The CPB World Trade Monitor shows that the volume of world trade increased 0.5% in August, having increased 1.4% in July (initial estimate 1.9%).

Image for CPB World Trade Monitor August 2019
September 25, 2019

CPB World Trade Monitor July 2019

Figure

The CPB World Trade Monitor shows that the volume of world trade increased 1.9% in July, having decreased 1.7% in June (initial estimate -1.4%).

Image for CPB World Trade Monitor July 2019
August 23, 2019

Release date next CPB World Trade Monitor

Event

The release of the next monthly CPB World Trade Monitor is scheduled for Wednesday 25 September 2019, 15:00 hours.

August 23, 2019

CPB World Trade Monitor June 2019

Figure

The CPB World Trade Monitor shows that the volume of world trade decreased 1.4% in June, having increased 0.6% in May (initial estimate 0.3%) and growth in 2019Q2 was -0.7%, (-0.3% in 2019Q1).

July 25, 2019

CPB World Trade Monitor May 2019

Figure

The CPB World Trade Monitor shows that the volume of world trade increased 0.3% in May, having decreased 0.6% in April (initial estimate -0.7%).

Image for CPB World Trade Monitor May 2019
June 25, 2019

CPB World Trade Monitor April 2019

Figure

The CPB World Trade Monitor shows that the volume of world trade decreased 0.7% in April, having increased 0.8% in March (initial estimate: 0.5%).

June 4, 2019

Risicorapportage Financiële markten 2019

Publication (in Dutch only)

Er kan nog meer worden gedaan om de risico’s van centrale tegenpartijen (CCP's), omvangrijke Europese financiële instellingen, te verkleinen.

May 27, 2019

A budgetary stabilisation function

Publication

Een schokfonds in de eurozone is niet noodzakelijk voor het voortbestaan van de euro, maar kan de welvaart in Europa wel verhogen.