Economic Review

2004 - 2025

From National Bank of Belgium
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2025, month January

Impact of the Flemish energy renovation obligation on house prices pp. 1-44

P. Reusens, F. Vastmans, J. Vandenbergh, T. van Kempen and S. Damen

2024, month December

Economic projections for Belgium – Autumn 2024 pp. 1-22

National Bank of Belgium

2024, month November

Household wealth and wealth inequality in Belgium and the euro area: an overview pp. 1-26

J. De Mulder, Javier Olivera, Ch. Piette and M.-D. Zachary

2024, month October

The new European fiscal framework: Implications for fiscal policy in Belgium pp. 1-38

D. Cornille, M. Deroose, W. Melyn, P. Stinglhamber and S. Van Parys

Central bank losses: causes and consequences pp. 1-30

Sarah El Joueidi, E. Vincent and Joris Wauters

2024, month September

De-risking European trade with China: Implications for Belgium pp. 1-33

K. Buysse, Dennis Essers and E. Marchand

2024, month July

A decomposition of euro area macroeconomic uncertainty pp. 1-25

Marco Valerio Geraci and Jolan Mohimont

2024, month June

Economic projections for Belgium – Spring 2024 pp. 1-19

National Bank of Belgium

2024, month May

Wage-price dynamics and monetary policy pp. 1-26

J. Jonckheere and H. Zimmer

2024, month April

Rising number of sick pay recipients in Belgium: causes and results of reintegration policies pp. 1-22

W. Gelade and Y. Saks

2024, month March

Economic performance, competitiveness, and well-being in Wallonia: a comparative analysis with other European transition regions pp. 1-49

Patrick Bisciari

2024, month February

Productivity in the Face of Climate Change pp. 1-66

Gert Bijnens, Sofia Anyfantaki, A. Colciago, J. De Mulder, E. Falck, V.Labhard, P. Lopez-Garcia, N.Lourenço, Jaanika Meriküll, Miles Parker, Oke Röhe, J. Schroth, Patrick Schulte and Johannes Strobel

2023, month December

Older workers and retirement decisions in Belgium: mapping insights from survey data pp. 1-30

Geoffrey Minne and Y.Saks

Economic projections for Belgium – Autumn 2023 pp. 1-19

National Bank of Belgium

2023, month November

Critical raw materials: from dependency to open strategic autonomy ? pp. 1-35

K. Buysse and Dennis Essers

Is public spending on pensions in Belgium sustainable ? A comparison with other euro area countries pp. 1-31

M. Deroose, W. Melyn, P. Stinglhamber and S. Van Parys

Inflation and the evolution of corporate profit margins pp. 1-29

T. De Keyser, G. Langenus and L. Walravens

How did Belgian firms benefit from three decades of declining interest rates? pp. 1-26

Ch. Piette and J. Tielens

2023, month October

Do all roads lead to Paris? Climate change mitigation policies in the world’s largest greenhouse gas emitters pp. 1-33

F. De Sloover, Dennis Essers and T. Stoerk

Inflation expectations and monetary policy pp. 1-38

Bruno De Backer, Arnoud Stevens, Joris Wauters and H. Zimmer

2023, month July

The impact of high inflation on Belgian public finances: a simulation exercise pp. 1-30

D. Cornille, M. Deroose, H. Godefroid, R. Schoonackers, P. Stinglhamber and S. Van Parys

2023, month June

Transmission of recent monetary policy tightening: fragmented or not? pp. 1-30

Bruno De Backer, Sarah El Joueidi, S. Ouerk and E. Vincent

The economic consequences of artificial intelligence: an overview pp. 1-29

C. Piton

Economic projections for Belgium – Spring 2023 pp. 1-20

National Bank of Belgium

2023, month January

The Impact of the Low-Carbon Transition on Financial Markets pp. 1-37

Marco Valerio Geraci, I. Samarin and M.D. Zachary

2022, month December

Is Brussels a performing, competitive and attractive European metropolitan region? pp. 1-33

Patrick Bisciari and Sarah El Joueidi

Economic projections for Belgium – Autumn 2022 pp. 1-24

National Bank of Belgium

With a little help from my friends: patents, technological diffusion and firm productivity pp. 1-15

J. De Mulder and Emmanuel Dhyne

2022, month November

Are we entering an era of deglobalisation? pp. 1-34

K. Buysse and Dennis Essers

How sustainable are the finances of the federal government, the regions and the communities in Belgium? pp. 1-34

D. Cornille, M. Deroose, H. Godefroid, W. Melyn, P. Stinglhamber and S. Van Parys

Rethinking corporate taxation in a globalised economy pp. 1-24

R. Schoonackers

2022, month October

At the heart of the turmoil: the pandemic, households and their financial situation pp. 1-22

M. de Sola Perea, Jolan Mohimont and M.D. Zachary

2022, month September

Wage differentiation in Belgium: is there a role for productivity ? pp. 1-16

B. Coppens and Y. Saks

Price setting in the euro area: insights from the PRISMA research network pp. 1-34

R. Faber, Catherine Fuss, J. Jonckheere and H. Zimmer

Carbon emissions and the untapped potential of activity reallocation - Lessons from the EU ETS pp. 1-29

Gert Bijnens and C. Swartenbroekx

2022, month July

Corporate credit conditions during the COVID‑19 crisis in Belgium pp. 1-36

I. Samarin and M.D. Zachary

Towards a normalisation of monetary policy pp. 1-26

Sarah El Joueidi and E. Vincent

2022, month June

How Belgian firms fared in the COVID-19 pandemic ? pp. 1-33

Ch. Piette and J. Tielens

Early results of the fourth wave of the Belgian Household Finance and Consumption Survey pp. 1-23

M. de Sola Perea and L. Van Belle

2022, month May

The return of inflation: what are its causes and will it persist? pp. 1-31

F. De Sloover, J. Jonckheere and Arnoud Stevens

Economic projections for Belgium – Spring 2022 pp. 1-23

National Bank of Belgium

Should we fear China’s brave new digital world? pp. 1-34

K. Buysse and Dennis Essers

2022, month April

The impact of changes in dwelling characteristics and housing preferences on Belgian house prices pp. 1-40

P. Reusens, F. Vastmans and Sven Damen

2022, month march

Integrating housing costs into the inflation measure: Focus on Belgium pp. 1-24

Jana Jonckheere

2022, month January

Lifelong learning for employees:investing in the future pp. 1-14

Ph. Delhez, M. Nautet, Y. Saks and H. Zimmer

2021, month december

Economic projections for Belgium – Autumn 2021 pp. 5-23

National Bank of Belgium

Summary Report on the NBB Listens Portal pp. 24-42

Joris Wauters

Who pays? Analysis of the cost of consumer credit in Belgium pp. 43-59

Ch. Piette, M. de Sola, A. Francart and M.D. Zachary

Household savings during and after the COVID-19 crisis: Lessons from surveys pp. 60-78

R. Basselier and Geoffrey Minne

Fiscal policy instruments to mitigate climate change – A Belgian perspective pp. 79-103

D. Cornille, R. Schoonackers, P. Stinglhamber and S. Van Parys

Investment and reform in Germany, France, Italy, Spain and Belgium’s National Recovery and Resilience Plans pp. 104-142

Patrick Bisciari, Wouter Gelade and W. Melyn

How does parenthood affect the careers of women and men? pp. 143-165

M. Nautet and C. Piton

2021, month september

Interregional transfers via the federal government and social security pp. 5-28

D. Cornille, Diederik Kumps, P. Stinglhamber and S. Van Parys

The European Union budget and the Next Generation EU Recovery Plan: a game changer? pp. 29-67

Patrick Bisciari, P. Butzen, Wouter Gelade, W. Melyn and S. Van Parys

Belgian firms and the COVID-19 crisis pp. 68-89

Emmanuel Dhyne and Cédric Duprez

How do standard and new monetary policy instruments affect the economy of the euro area and Belgium? Estimation challenges and results pp. 90-105

M. Deroose

What kind of public expenditure is high in Belgium? A comparison with neighbouring countries pp. 106-130

H. Godefroid, S. Van Parys and P. Stinglhamber

The Belgian economy in the wake of the COVID-19 shock pp. 131-157

B. Coppens, Geoffrey Minne, C. Piton and Ch. Warisse

The issuance of debt securities by Belgian non-financial corporations pp. 158-172

Marco Valerio Geraci, Jolan Mohimont and Ch. Piette

2021, month june

Economic projections for Belgium – Spring 2021 pp. 7-22

National Bank of Belgium

Technological innovation and green transition: where does Belgium stand? pp. 24-50

Carine Swartenbroekx

Getting fiscal policy in shape to swing with monetary policy pp. 51-68

D. Cornille, M. Deroose and S. Van Parys

Indebtedness around the world: Is the sky the limit? pp. 69-105

K. Buysse, F. De Sloover and Dennis Essers

Wage differentiation in Belgium according to SILC data pp. 107-116

Yves Saks

Belgian corporate sector liquidity and solvency in the COVID-19 crisis: a post-first-wave assessment pp. 117-165

Joris Tielens, Christophe Piette and Olivier De Jonghe