• 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.

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  • 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.

  • Tax Expenditure and the Cost of Labour Taxation - An application to company car taxation (04/07/2017)

    The goal of this paper is to estimate the efficiency cost of one additional euro of revenue through the personal income tax system, considering its simultaneous effects on the labour market and the transport market. More precisely, we seek to derive estimates of the Marginal Excess Burden of marginal personal income tax rates in Belgium considering the subsidization of company cars. We find that taking into account of welfare losses in the transport market adds 5-7 cents to the welfare cost of an additional euro of tax revenue, compared to models that consider only the effects on the labour market.  The cost of raising the top marginal tax rate rises by 28% to 58% depending on the model assumptions. As an aside, we estimate tax expenditure on the transport sector via the personal income tax system to be 1.9 billion euro. We conclude that there is scope for welfare improving by base broadening and rate cutting. The framework is applied to analyse the merits of cash-for-car proposals.

  • What matters to Belgians ? Analysis of the determinants of individual well-being in Belgium (02/06/2017)

    This Working Paper analyses the determinants of individual well-being in Belgium, using data from the EU-SILC survey. The analysis shows that on average health, both mental and physical, is the key determinant of well-being for Belgians. Enjoying sufficient income to access what is regarded as the prevailing standard of living in Belgium, having a job and being surrounded by loved ones also have a significant and positive impact on well-being. Besides these results for “average” Belgians, the analysis of different sub-groups highlights that these determinants are not of equal importance to all Belgians. These results contribute to the FPB’s work on the search for indicators complementary to GDP.

  • Regularization of study periods in the wage earners’ scheme – An analysis of typical cases (12/05/2017)

    This Working Paper examines for which persons it is profitable to regularise study periods and how many study periods would be regularised in the employees' scheme. This analysis of typical cases takes into account different income levels, different payment periods of the regularisation contribution, the number of actual career years and the number of regularised study periods.

  • Cost-benefit analysis of a selection of policy scenarios on an adequate future Belgian power system - Economic insights on different capacity portfolio and import scenarios (23/02/2017)

    In this report, different capacity portfolio and import scenarios for Belgium are investigated. They are based on the reports published by the Belgian transmission system operator Elia in 2016. Four scenarios are scrutinized differing in their overall context (level of carbon price) and/or in the choice of the content of their structural block. A fifth scenario is added which constitutes a sensitivity analysis: in this scenario, a considerable amount of new natural gas-fired power plants on top of the structural block is built on the Belgian territory in order to study the impact of a fairly lower level of (net) imports and even explore the net export option. The five scenarios are compared in order to assess potential longterm strategic choices from a societal perspective.

  • The population at risk of poverty or social exclusion in Belgium - Projection until 2030 (28/11/2016)

    This Working Paper presents, on the basis of information available until July 2016, a projection at unchanged policy until 2030 of the population at risk of poverty or social exclusion in Belgium, as defined in the framework of the Europe 2020 Strategy. This population should amount to 2.232 million people in 2018, or 418 000 more than the Europe 2020 target. By 2030, its share should shrink to 16.1%, still 5.6 percentage points higher than the goal resulting from the UN 2030 Agenda for Sustainable Development.

  • Social and environmental goals in a transition towards a low-carbon society – Working document in the framework of the SUSPENS research project (16/11/2016)

    This paper constitutes the contribution of the Federal Planning Bureau to the round table discussion with the Interdepartemental Commission for Sustainable Development of 11/2/2016 as part of task 1.3 of the SUSPENS research project. This paper gives a brief description of the climate and social policy in Belgium. The focus is on the policy goals to which Belgium has committed itself and on how far these have been achieved. The analysis shows that Belgium will have to make considerable efforts to achieve these goals and that cross-border cooperation will be necessary to realise the transition towards a low-carbon society.

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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 : 05/09/2017)

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 : 19/09/2017)

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