Publications

We propose a model-based method to estimate a unique financial cycle based on a rank-restricted multivariate state-space model. This permits us to use mixed-frequency data, allowing for longer sample periods.... →

Dutch households (implicitly) have an unusual mix of assets. Particularly their high level of mortgage debts and pension entitlements stand out in an international context. In this paper we examine how Dutch household... →

This article analyses the recent rulings from the European Court of Justice in two Danish cases and examines their possible impact on international tax avoidance. →

Economic growth is slowing down in the Netherlands due to the decline in global growth and, to a lesser extent, the issues around nitrogen and PFASs. →

The increase in the statutory retirement age reduced the number of pensioners. About one third of this drop results in additional employment. Net savings for the government are about 80% of direct savings on retirement... →

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... →

The use of secondary raw materials can generate significant environmental benefits. →

This report contains an analysis of the climate measures taken by the Rutte III Cabinet, as requested by the Minister of Economic Affairs and Climate Policy. The package of measures, with additions and adjustments,... →

Persistent risks, new risks and uncertainty. →

The Dutch current account surplus has increased substantially since the late 90’s, coming mostly from the trade balance in goods. Internationally the surplus is consistently among the top surplus countries, thereby... →