The financial crisis that erupted during 2007 and intensified in 2008 and the ensuing economic recession led to a serious deterioration in the public finances of most advanced economies. That resulted in a sharp increase in the fiscal deficit and public debt in those countries, including...

In 2013, the total tax burden in the euro area was almost back to the level prevailing at the beginning of the century. The financial and economic crisis had initially led to a reduction in the tax burden, but fiscal consolidation has generated a rise in revenue. However, there is no general...

The sixth State reform completed at legislative level at the beginning of this year transfers powers from the federal government to the Communities and Regions. The financing of the Communities and Regions is also being adjusted. The State reform therefore has a significant influence on public...

The article is intended to contribute to the debate on public employment in Belgium by analysing the most coherent possible set of statistics on its development and characteristics. According to the national accounts definition, the general government sector employed just over 800,000 workers in...

On 10 October 2011, eight parties with a special majority in the federal parliament concluded an agreement on the sixth reform of the Belgian State. The article presents the two most important aspects of the reform from an economic and budgetary point of view, namely the transfer of new powers...

[eng] The Internet bubble, a remake of the 1929 bubble ? . The Internet bubble shows similarities with the 1929 financial bubble, among others substantial variations in the stock prices in real terms on the New York equity markets, first upwards then downwards. This article proposes a comparison...

This paper gives an overview of some issues related to market aluation, focusing on the developments on the New York equity markets. The 42.4 p.c. fall in the S&P 500 price index between 24 March 2000 - when it reached its all-time high - and 31 December 2002 is situated in a very long term...