Economic Review

2004 - 2025

From National Bank of Belgium
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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

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

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

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