This paper investigates the history of the shift from expert to model based monetary policy analysis at the Dutch Central Bank (DNB) in the postwar period up to the middle of the nineteen-eighties. For reasons that will become clear expert based reasoning at DNB was referred to as normative...

This paper discusses various ways to organise these consultations, so that a compromise agreement is reached on the solution of the (re)distribution problem. These institutionalised structures of consultation are referred to as 'matching zones' here. Practical experiences, mainly from the...

In dit artikel onderzoeken we of de averechtse effecten van de huidige werkloosheidsverzekeringen kunnen worden omzeild door de WW te vervangen door individuele spaarfondsen. Deze spaarfondsen worden door werknemers opgebouwd uit verplichte stortingen en WW-uitkeringen worden op individuele...

In this era of globalization we see an increase in specialization: the production chain is

In the analysis of the credit crisis of 2007-2010 a clear distinction should be made between (i) the initial shock; (ii) the propagation and amplification of the initial shock to the systemic crisis of the financial markets; and (iii) the transmission of the credit crisis to the real economic...

Strikes as a consequence of labour conflicts occur about 28 times as much in France as in the Netherlands. This paper examines the institutional differences underlying these differences in strike activity. Our empirical analysis shows that strike activity is high in France if workers were...

The wage level in The Netherlands is, by a large part, determined in collective labour agreements. However, the result of the processes of job destruction, job creation and job-to-job mobility is that workers move from less productive to more productive jobs. Our empirical analysis shows that...

Een maatschappelijke kosten/baten analyse (KBA) kan ook bij complexe, wereldwijde "wicked" milieuproblemen met grote kennisleemten en onzekerheden van nut zijn. Wel verliest de KBA dan iets van de gebruikelijke functie als rekenmethode. Naarmate de problematiek complexer is en de onzekerheden...

This paper models the propagation at the macro level of four types of shocks using the SVAR approach. Time series data for the Netherlands on job creation, job destruction, the number of vacancies and labour supply are used to identify aggregate demand and supply shocks, and reallocation demand...

This study presents an empirical analysis of the influence of labour market flows on wage and price formation. A system of wage, price and employment equations in the vein of Nickell (1987) is estimated including labour flows as explanatory variables. A combination of the flow of layoffs (flow...