Economic Review

2004 - 2025

From National Bank of Belgium
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Economic projections for Belgium – Autumn 2015 pp. 7-29: National Bank of Belgium
Sensitivity to the crisis of SME financing in Belgium pp. 31-45: Ch. Piette and M.-D. Zachary
Macroeconomic determinants of non-performing loans pp. 47-65: Bruno De Backer, Philip Du Caju, M. Emiris and Ch. Van Nieuwenhuyze
Has the reorganisation of global production radically changed demand for labour? pp. 67-81: J. De Mulder and Cédric Duprez
Monetary policy communication in the wake of the great recession pp. 83-101: N. Cordemans
Main CompNet research results pp. 103-116: Emmanuel Dhyne, Cédric Duprez and Catherine Fuss
Results of the third wave of the survey on wage-setting in Belgium pp. 117-133: D. Cornille
Results of the third wave of the survey on wage-setting in Belgium pp. 135-161: I. Rubbrecht and D. Vivet

Interactions between monetary and macroprudential policy pp. 7-29: Jef Boeckx, P. Ilbas, M. Kasongo Kashama, M. de Sola Perea and Ch. Van Nieuwenhuyze
Has the crisis altered the Belgian economy’s DNA ? pp. 31-43: Emmanuel Dhyne and Cédric Duprez
Corporate profit margins: recent developments in a context of low inflation pp. 45-59: V. Baugnet and T. De Keyser
Factors explaining emerging economies’ growth slowdown pp. 61-79: K. Buysse and E. Vincent

Economic projections for Belgium – Spring 2015 pp. 6-30: National Bank of Belgium
The relationship between economic growth and employment pp. 32-52: K. Burggraeve, Grégory de Walque and H. Zimmer
Decomposition of the dynamics of sovereign yield spreads in the euro area pp. 54-75: Bruno De Backer
Analysis of policies for restoring sound Belgian public finances pp. 76-99: Patrick Bisciari, B. Eugène, W. Melyn, Ruben Schoonackers, P. Stinglhamber, L. Van Meensel and S. Van Parys
Deflation in Japan, Abenomics and lessons for the euro area pp. 100-124: Jef Boeckx, P. Butzen, N. Cordemans and S. Ide

Economic projections for Belgium – Autumn 2014 pp. 7-28: National Bank of Belgium
Normalisation of monetary policy: prospects and divergences pp. 29-52: Naim Cordemans and Ide Stefaan
Recent changes in saving behaviour by Belgian households: the impact of uncertainty pp. 53-62: Raïsa Basselier and Geert Langenus
Main lessons of the NBB’s 2014 conference “Total factor productivity: measurement, determinants and effects” pp. 63-76: Emmanuel Dhyne and Catherine Fuss
Results and financial situation of firms in 2013 pp. 77-102: David Vivet
The 2013 social balance sheet pp. 103-146: Pierrette Heuse

Outlook for the finances of the Communities and Regions pp. 04-22: Patrick Bisciari, W. Melyn and L. Van Meensel
Creating export value. An analysis of Belgium pp. 23-38: Cédric Duprez
Global imbalances and gross capital flows pp. 39-60: P. Butzen, M. Deroose and S. Ide
Household debt: evolution and distribution pp. 61-81: Philip Du Caju, Th. Roelandt, Chr. Van Nieuwenhuyze and M.-D. Zachary
Lessons from the US for the institutional design of EMU pp. 82-101: P. Butzen, S. Cheliout and H. Geeroms
The how and why of a negative rate for the deposit facility pp. 102-111: M. Kasongo Kashama

Economic projections for Belgium – Spring 2014 pp. 07-27: National Bank of Belgium
Is government spending the key to successful consolidation? pp. 29-44: M. Nautet, Ruben Schoonackers, P. Stinglhamber and L. Van Meensel
Employees: too expensive at 50? The age component in wage-setting pp. 61-74: Y. Saks
Using BREL to nowcast the Belgian business cycle: the role of survey data pp. 75-98: Ch. Piette and G. Langenus
Financial integration and fragmentation in the euro area pp. 99-125: M. de Sola Perea and Ch. Van Nieuwenhuyze

Economic projections for Belgium – Autumn 2013 pp. 07-26: National Bank of Belgium
Trends in tax systems in the EU pp. 27-45: B. Eugène, Patrick Bisciari, M. Nautet, P. Stinglhamber and L. Van Meensel
Measuring inflation: the stakes and the state of play pp. 47-66: J. Langohr
What inflation developments reveal about the Phillips curve: implications for monetary policy pp. 67-76: Arnoud Stevens
Results and financial situation of firms in 2012 pp. 77-99: David Vivet
The 2012 social balance sheet pp. 101-137: P. Heuse

The Belgian economy in global value chains. An exploratory analysis pp. 07-21: Cédric Duprez and L. Dresse
Decoupled and resilient? The changing role of emerging market economies in an interconnected world pp. 23-39: Christian Buelens
Structure and distribution of household wealth: An analysis based on the HFCS pp. 41-62: Philip Du Caju
Causes and implications of the low level of the risk-free interest rate pp. 63-88: Jef Boeckx, N. Cordemans and Maarten Dossche
Company financing in Belgium: Analysis using supply and use tables pp. 89-115: Xavier Deville

Economic projections for Belgium – Spring 2013 pp. 07-26: National Bank of Belgium
Structural dynamics of Belgium’s foreign trade pp. 27-38: Emmanuel Dhyne and Cédric Duprez
Business Demography pp. 39-56: F. Verduyn
Size and dynamics of debt positions in Belgium and in the euro area pp. 57-77: A. Bruggeman and Ch. Van Nieuwenhuyze
Real estate wealth by institutional sector pp. 79-93: Gh. Poullet