Over the course of the past few years, too much credit has been made available worldwide, due to financial innovation, overly optimistic expectations and loophole-ridden regulation. Regulatory supervisors have failed because they were unable to prevent this situation. Things took a bad turn...

This note provides detailed information on the CPB world trade series and gives a comparison of these series with those of international organisations. <span style="color: #000000;">The series also play a vital role in the projections of the Dutch economy as the </span><span style="color: #000000;">forecast of export market growth has a major influence on the...</span>

The Nordic economies have performed well in recent years. Economic growth and labour market participation have been higher than in the euro area; the government budgets have been in surplus; the labour force is highly skilled, the education system leads to good qualifications and to smooth entry...

In this memorandum a number of frequently asked questions are answered about oil and the world economy In July 2007 the memorandum of December 2004 was updated.

This paper has two aims. First, it describes CPB's contribution on bilateral services trade data to version 7 of the GTAP database. Among others, it uses reliability indices to determine the quality of the data reported by exporting and importing countries. Second, this paper discusses briefly...

This memorandum presents some basic equalities and inequalities about rates of return in discrete time, without auto-correlation. The arithmetic and geometric means are discussed. Estimation of the expected payout and the median payout is discussed, including maximum likelihood estimation.

Innovation is a policy area in which the European Union (EU) has the competence to support, coordinate and supplement Member States policies according to the new Lisbon Treaty (2007). The Member States (MS) have the primacy in this area and the principles of subsidiarity and proportionality...

This study analyses macro wage elasticities on labour productivity, payroll taxes, average and marginal income tax, consumer and producer prices, the replacement ratio and the unemployment rate. The data have been analyzed in a meta analysis that relates differences in each elasticity of pay...

In this memorandum the optimal capacity of Combined Heat and Power (CHP) is derived, using a simple model with an analytical solution. The solution is expressed as the fraction of the time during which the heat demand exceeds the optimal CHP heat production capacity.

A shortage of teachers in primary and secondary schools in the Netherlands is expected in the near future as a large part of the current workforce will retire. Recently, the Dutch government has decided to increase wages of teachers. This paper qualitatively assesses the impact of three...