Economic Review

2004 - 2025

From National Bank of Belgium
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Economic projections for Belgium – Autumn 2020 pp. 6-24: National Bank of Belgium
Belgium’s innovative capacity seen through the lens of patent data pp. 25-63: Sarah Cheliout
Belgium’s fiscal framework: what is good and what could be better? pp. 64-98: Patrick Bisciari, Hervé Godefroid, Wim Melyn, Ruben Schoonackers, Pierrick Stinglhamber and Luc Van Meensel
Fighting global warming with carbon pricing: how it works, field experiments and elements for the Belgian economy pp. 99-130: Koen Burggraeve, Jan De Mulder and Grégory de Walque
Consumer prices in light of the COVID-19 crisis pp. 130-147: Jana Jonckheere and Hélène Zimmer

The economic impact of immigration in Belgium pp. 1-244: Arnout Baeyens, David Cornille, Philippe Delhez, Céline Piton and Luc Van Meensel

The world economy under COVID-19:Can emerging market economies keep the engine running? pp. 7-35: Kristel Buysse and Dennis Essers
The ECB’s monetary policy response to COVID-19 pp. 37-52: Jef Boeckx, M. Deroose and E. Vincent
Price-setting behaviour in Belgium: New evidence from micro-level CPI data pp. 53-76: Sotiris Blanas and H. Zimmer
Tax incentives for R&D: are they effective? pp. 77-96: Ruben Schoonackers
Public debt: Safe at any speed? pp. 97-130: Xavier Debrun, Mariusz Jarmuzek and Anna Shabunina
An assessment of modern monetary theory pp. 131-144: M. Kasongo Kashama

Economic projections for Belgium – Spring 2020 pp. 7-22: National Bank of Belgium
Does the EU convergence machine still work ? pp. 23-64: Patrick Bisciari, Dennis Essers and E. Vincent
First results of the third wave of Belgium’s Household Finance and Consumption Survey pp. 65-90: M. de Sola Perea
What explained the weakness in manufacturing in 2018-2019? pp. 91-110: R. Basselier and F. De Sloover
Drivers of Labour Force Participation in Belgium pp. 111-128: K. Buysse and Y. Saks
Bank financing for SMEs from 2014 to 2019: effect of changes in the law on lending pp. 129-146: Ch. Piette and M.-D. Zachary

Economic projections for Belgium – Autumn 2019 pp. 7-30: National Bank of Belgium
Low wage growth in the euro area: main conclusions from an ESCB Wage Expert Group with a focus on Belgium pp. 31-44: J. Jonckheere and Y. Saks
Belgium’s foreign trade: between restoring competitiveness and neo-protectionism pp. 45-72: S. Cheliout and L. Walravens
Economic flows between Regions in Belgium pp. 73-88: Cédric Duprez and M. Nautet
Insights from the 2017-2018 US fiscal stimulus pp. 89-104: N. Cordemans and M. Deroose

Separating the trend from the cycle: The debate on euro area potential output and implications for monetary policy pp. 7-28: M. Deroose, Ansgar Rannenberg and Joris Wauters
Exchange rates, prices, monetary policy and competitiveness pp. 25-46: Grégory de Walque, Thomas Lejeune and Arnoud Stevens
Cheating tiger, tech-savvy dragon: Are Western concerns about “unfair trade” and “Made in China 2025” justified ? pp. 47-70: K. Buysse and Dennis Essers
How risky is the high public debt in a context of low interest rates ? pp. 70-96: D. Cornille, H. Godefroid, L. Van Meensel and S. Van Parys
Are we riding the waves of a global financial cycle in the euro area? pp. 97-122: N. Cordemans, J. Tielens and Ch. Van Nieuwenhuyze

Economic projections for Belgium – Spring 2019 pp. 7-28: National Bank of Belgium
Inclusive growth: a new societal paradigm? pp. 29-50: N. Cordemans
Why has Belgian private consumption growth been so moderate in recent years? pp. 51-67: R. Basselier, Geoffrey Minne and G. Langenus
Is a recession imminent? The signal of the yield curve pp. 69-93: Bruno De Backer, M. Deroose and Ch. Van Nieuwenhuyze
An analysis of non-standard forms of employment in Belgium pp. 95-122: M. Nautet and C. Piton

Economic projections for Belgium – Autumn 2018 pp. 7-30: National Bank of Belgium
The track record of the National Bank of Belgium’s macroeconomic projections pp. 31-50: Geoffrey Minne, T. De Keyser and G. Langenus
Slowdown in productivity pp. 51-66: J. De Mulder and H. Godefroid
Low productivity growth pp. 67-80: N. Cordemans
House prices and economic growth in Belgium pp. 81-106: P. Reusens and Ch. Warisse
Does financial market volatility influence the real economy? pp. 107-124: Bruno De Backer
Full employment, mismatches and labour reserve pp. 125-145: N. Nautet
Recent developments in the financial situation and the social data of non-financial corporations pp. 146-186: Pierrette Heuse and Ilse Rubbrecht

America’s new trade policy and its impact on the Belgian economy pp. 7-34: N. Cordemans, Cédric Duprez and Ken Kikkawa
What will happen when interest rates go up? pp. 35-56: Jef Boeckx, M. de Sola Perea, M. Deroose, Grégory de Walque, Thomas Lejeune and Ch. Van Nieuwenhuyse
The rise of the sharing economy pp. 57-78: R. Basselier, G. Langenus and L. Walravens
Is job polarisation accompanied by wage polarisation? pp. 79-90: F. De Sloover and Y. Saks
Recent international trends in corporate taxation: more competition or more convergence? pp. 91-124: B. Coppens, Ruben Schoonackers, L. Van Meensel and S. Van Parys

Economic projections for Belgium – Spring 2018 pp. 7-32: National Bank of Belgium
Local government finances in Belgium pp. 33-62: B. Coppens, P. Stinglhamber, L. Van Meensel and S Van Parys
Can China avoid the middle-income trap? pp. 63-78: K. Buysse, Dennis Essers and E. Vincent
Are inflation and economic activity out of sync in the euro area? pp. 79-96: N. Cordemans and Joris Wauters
Shedding new light on the mortgage debt of households in Belgium pp. 97-114: Philip Du Caju, M. Emiris, Ch. Piette and M.-D. Zachary
Energy transition: impact and economic stakes for firms pp. 115-140: C. Swartenbroekx