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Inclusieve globalisering
Globalisering is here to stay. Ondanks de maatschappelijke weerstand die vrij verkeer van goederen, diensten, werknemers en kapitaal bij gelegenheid opwekt, zijn de voordelen voor ons land zonder twijfel groot. Het brengt ons beter betaalbare en meer gevarieerde dagelijkse boodschappen en een hogere productie met meer kennisbanen. →
First Communication National Productivity Board
Productivity growth is on the decline, in the OECD countries. In the Netherlands, structural growth is also slowing down. On the basis of this fact, the European Commission proposed that each EU Member State would install a national productivity board (NPB). The Council of the European Union has since adopted this proposal. →
The CPB World Trade Monitor: technical description (update)
The effects of unconventional monetary policy in the euro area
Effects of Unconventional Monetary Policy on European Corporate Credit
In this paper we investigate whether the targeted longer-term refinancing operations (TLTRO) and the asset purchase program (APP) led to lower interest rates on new corporate credit, and whether the signalling channel and the capital relief channel played any role in the transmission of these ECB policies. →
Firm heterogeneity and exports in the Netherlands: Identifying export potential
According to the Melitz (2003) model, potential exporters have to be sufficiently productive to overcome the entry costs of foreign markets. Once firms pass this productivity threshold, they all export. However, empirical evidence indicates that a substantial share of high-productive firms do not export. →
Back to normal monetary policy
CPB Risicorapportage Financiële Markten 2017
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