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May 12, 2017

Collateral Damage? Decreasing House Prices and Entrepreneurial Lending

We study the effect of housing collateral on entrepreneurial lending in the Netherlands. This residential collateral channel is especially relevant for sole proprietors for whom there is no legal distinction between the owner and the business.

April 25, 2017

Tax arbitrage incentives for mortgage prepayment behavior: Evidence from Dutch micro data

This paper exploits a unique set of Dutch micro data to analyze the response in prepayment behavior to changes in incentives for prepaying.

April 5, 2017

Optimal Tax Routing: Network Analysis of FDI diversion

The international corporate tax system is considered as a network and, just like for transportation, ‘shortest’ paths are computed, minimizing tax payments for multinational enterprises when repatriating profits. We include corporate income tax rates, withholding taxes on dividends, double tax treaties and the double taxation relief methods.

April 4, 2017

Knowledge diffusion across regions and countries: evidence from patent citations

We study knowledge spillovers from European universities and other research organizations using data from patent citations at the EPO.

April 4, 2017

De regionale impact van universiteiten; een literatuuroverzicht

Dit document biedt achtergrondinformatie bij het CPB Discussion Paper 348 ‘The regional impact of European Universities: evidence from patent citations’. Het discussion paper analyseert de rol van afstand bij de verspreiding van kennis (‘kennisspillovers’) van Europese universiteiten en onderzoeksinstellingen naar bedrijven.

April 3, 2017

The Impact of House Price Shocks on the Savings of Dutch Homeowners and Renters

We study the impact of changes in house prices on savings using administrative panel data on Dutch owner-occupying and renting households over the period 2006-2013.

March 24, 2017

Kritische multiplierwaarden voor een negatief schuldeffect van tekortreducerende maatregelen

Tekortreducerende maatregelen door de overheid, bedoeld om de houdbaarheid van de staatsschuld te verbeteren, zullen in eerste instantie de economische groei drukken en vermoedelijk ook de inflatie.

March 24, 2017

Central Economic Plan (CEP) 2017

Global economic growth is expected to accelerate this year and also slightly in the year thereafter; particularly due to growth increases in emerging economies.

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March 24, 2017

The role of inflation-linked bonds

The market for inflation-linked bonds (ILBs) is growing, but still small when compared to the market for nominal bonds. This paper raises the question why governments do not rely more on ILBs to finance their public debts?

March 16, 2017

Negative home equity and job mobility

We investigate the impact of negative home equity on job mobility. Panel fixed effects estimation is carried out by making use of Dutch administrative panel in the period 2006-2011.