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Heeft de overheid de economie voor een nog diepere terugval behoed de afgelopen jaren, of heeft ze de recessie juist verergerd? →

Large banks derive a funding advantage from being too-big-to-fail, while small banks do not. →

We analyse the effects of fiscal expansions using a New Keynesian model and find that the reverse holds in the presence of sovereign default risk. →

This is the presentation used by Casper van Ewijk and Jasper Lukkezen during a meeting to present the CPB Policy Brief 2013/08 'Early warning indicators for debt sustainability'. →

This CPB Policy Brief develops a simple dynamic framework for assessing the sustainability of public finances over a medium-term horizon. →

This document is in Dutch, there is no English translation. →

This document is in Dutch, there is no English translation. →

What is a prudent public debt-to-GDP ratio? This background document accompanies the Dutch CPB Policy Brief 'Naar een prudent niveau van de overheidsschuld'. →

In most OECD countries, the financial crisis leads to a drop in GDP and has brought government finances into a state of disarray. As high public debt will slow down GDP growth, order in government finances must be restored, sooner or later. →

This paper derives and estimates rules for fiscal policy that prescribe the optimal response to changes in unemployment and debt. →