• Consumer Price Index & Inflation forecasts

    Consumer Price Index & Inflation forecasts

    Monthly evolution of the consumer price index and of the so-called health index, which is used for the price indexation of wages, social benefits and house-rent.

    More
  • Modelling unobserved heterogeneity in distribution : finite mixture models of the Johnson family of distributions

    Modelling unobserved heterogeneity in distribution : finite mixture models of the Johnson family of distributions

    This paper proposes a new model to account for unobserved heterogeneity in empirical modelling. The model extends the well-known Finite Mixture (or Latent Class) Model by using the Johnson family of distributions for the component densities. Due to the great variety of distributional shapes that can be assumed by the Johnson family, the method does not impose the usual a priori assumptions regarding the type of densities that are mixed.

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News

  • Modelling unobserved heterogeneity in distribution : finite mixture models of the Johnson family of distributions (30/11/2017)

    This paper proposes a new model to account for unobserved heterogeneity in empirical modelling. The model extends the well-known Finite Mixture (or Latent Class) Model by using the Johnson family of distributions for the component densities. Due to the great variety of distributional shapes that can be assumed by the Johnson family, the method does not impose the usual a priori assumptions regarding the type of densities that are mixed.

  • The Belgian energy landscape by 2050 : an outlook assuming no changes in policy (27/10/2017)

    This energy outlook describes the evolution of our national energy system by 2050, assuming unchanged policy. The analysis of this outlook makes it possible to assess, at Belgian level, whether it is necessary to adopt and the extent of new measures and policies in view of the 2030 European Framework for Climate and Energy and the transition towards a low-carbon society by 2050.

  • Growth and Productivity in Belgium (17/10/2017)

    The objective of the report is to provide an overview of the main drivers of economic growth and the productivity evolution in Belgium, in comparison with its three neighbouring countries and the US over 1970 and 2015. Recent evolutions, over 2000-2015, are analysed in details in order to shed light on the impact of the great recession. The growth accounting methodology is applied to explain labour productivity growth for the total economy, manufacturing and market services.

  • Accuracy assessment of the FPB short-term forecasts - An update (12/10/2017)

    The Federal Planning Bureau is responsible, within the National Accounts Institute, for producing the macroeconomic forecasts that are used to set up the federal government budget. This working paper presents an update of the ex post assessment of the quality of these forecasts.

  • Accuracy assessment of the FPB medium-term outlooks - An update (12/10/2017)

    This working paper provides an update of a study from 2007 in which the accuracy of the medium-term outlooks for the Belgian economy is assessed. The study is expanded with nine additional editions of the Economic Outlook covering a mixture of pre-crisis, crisis and post-crisis periods.

  • Increasing interconnections: to build or not to build, that is (one of) the question(s) - Addendum to the cost-benefit analysis of adequate future power policy scenarios (28/09/2017)

    At the request of the federal Minister of Energy, this report was carried out as a follow-up on the cost-benefit analysis published by the Federal Planning Bureau in February 2017. It constitutes an addendum to the February study in that some additional questions impacting the Belgian production park are scrutinized in detail.

  • Vehicle stock modelling in long term projections - Survey of the literature (07/08/2017)

    Transport models used for long-term projections should reflect the impact of shared, automated and electric mobility modes. The objective of the current paper is to derive lessons from the existing literature on vehicle ownership modelling to find options to further improve the PLANET model, which is used for projections of transport demand in Belgium.

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Consumer price index & Inflation forecasts

Monthly evolution of the consumer price index and of the so-called health index, which is used for the price indexation of wages, social benefits and house-rent. (Last update : 05/12/2017)

Indicators

To evaluate the current state of the Belgian economy, the FPB regularly updates a series of indicators. The indicators concern the macro-economic stance of the economies of Belgium, its three neighbouring countries and the euro area, as well as the transport industry.(Last update : 05/12/2017)

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