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June 8, 2017

Back to normal monetary policy

The question is no longer if, but when and how unconventional monetary policy will be phased out. The undoing of the unconventional policies will affect European economies, just as their build up stimulated the euro area economy.

June 6, 2017

CPB Risicorapportage Financiële Markten 2017

Rapportage voor de Tweede Kamer over de internationale en nationale macro-economische ontwikkelingen in samenhang met ontwikkelingen in de financiële sector.

June 6, 2017

Actualisatie economische effecten van een verdere verlaging van de LTV-limiet

Dit CPB Achtergronddocument vormt zowel een actualisatie als een uitbreiding van de notitie uit 2015. De actualisatie betreft het literatuuroverzicht en de gebruikte data. De uitbreiding heeft betrekking op de simulatie van mogelijke gedragsreacties op de verlaging van de maximale LTV.

December 27, 2016

Accounting for the Business Cycle Reduces the Estimated Losses from Systemic Banking Crises

We re-estimate the e ffects of systemic banking crises in industrialised countries reported by Cerra and Saxena with a model that includes transitory business cycle shocks.

September 9, 2016

The Impact of Uncertainty Shocks: Continental Europe versus the Anglo-Saxon World

For economic forecasting it is important to know how the real economy responds to major events such as the fall of the Soviet Union, the Greek debt crisis, the recent terrorism attacks in Europe, and the Brexit.

May 30, 2016

CPB Risicorapportage Financiële Markten 2016

Rapportage voor de Tweede Kamer over de internationale en nationale macro-economische ontwikkelingen in samenhang met ontwikkelingen in de financiële sector.

April 17, 2014

Cross-Country Insurance Mechanisms in Currency Unions: An Empirical Assessment

Countries in a monetary union can adjust to shocks either through internal or external mechanisms.

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December 10, 2013

Optimal bail-out policies under renegotiation

We study how the possibility of renegotiation affects optimal bail-out policies for countries under asymmetric information on a country's cost of reforms.

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December 9, 2013

Financial Shocks and Economic Activity in the Netherlands

An analysis of the effects of financial shocks on economic development in the euro area and the Netherlands in particular.

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February 9, 2012

Currency derivatives and the disconnection between exchange rate volatility and international trade

The availability of currency futures can explain the relatively small impact of exchange rate volatility on trade.

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