News

  • What are the consequences of the AWG 2018 projections and hypotheses on pension adequacy? Simulations for three EU member states (19/07/2018)

    In preparation of the 2018 Pension Adequacy Report by the European Commission and the Social Protection Committee, teams from Belgium, Sweden and Italy use their microsimulation models to simulate the possible developments of pension adequacy while taking into account the set of economic and demographic projections developed by the AWG. The results of this exercise complement the AWG simulations of pension expenditures in a context of demographic. The results described in detail in this report were summarised in section 5.1.2. of the 2018 Pension Adequacy Report

  • Economic impact of professional services reform in Belgium - A DSGE simulation (05/07/2018)

    This working paper analyses the economic impact of a regulated professional services reform in Belgium through simulations based on the European Commission’s DSGE model QUEST III R&D

  • A Multiregional Population Projection Model at the EU level (08/06/2018)

    This paper explores the possibility of building a multiregional migration model at the EU level based on Eurostat statistics on migration by country of previous and next residence, by country of birth or by citizenship. These statistics are used to build a consistent origin-destination matrix for the EU Member States. This matrix is then used to compute migration rates between EU countries, which can be inserted into a multiregional population projection model.

  • Non-take-up of employers' social security contributions cuts: the case of the “first recruitments” measure (02/05/2018)

    The ‘first recruitments’ measure aims at supporting job creation in new and small firms through a reduction in employers' social security contributions. However, part of the eligible employers does not claim this reduction. Using administrative data from the National Social Security Office, we seek to quantify this phenomenon, which may bias the intended effect of the measure, and to identify profiles of non-take-up.

  • 2018-2023 Budgetary Outlook for the federated entities (24/04/2018)

    This report presents a brief disaggregation of the budget balance of the sub-sector “communities and regions” that was published in the March 2018 “2018-2023 Economic Outlook”. The budget balances of the Flemish Community, the French-speaking Community, the Walloon Region and the Brussels-Capital Region are presented.

  • Removing youth sub-minimum wage rates in Belgium: did it affect youth employment? (16/03/2018)

    Between April 2013 and January 2015, youth sub-minimum wage rates were repealed in Belgium. We identify the impact of the reform by comparing outcomes before and after the withdrawal, across eligible and ineligible categories of young workers, and across abolishing and not abolishing joint committees. Our results show that the reform had a small positive impact on wages and on retention rates and a comparable but negative impact on accession rates.

  • The PEACH2AIR database of air pollution associated with household consumption in Belgium in 2014 - Methodological description for the SUSPENS research project funded by the Federal Science Policy Office (14/03/2018)

    The database PEACH2AIR links emissions of greenhouse and acidifying gases, of gases contributing to tropospheric ozone formation and particulate matter to consumer expenditures in Belgium in 2014. It relies on standardized air pollution data (including air emissions accounts), input-output tables and the Household Budget Survey. Analyses for 2014 show that energy products as well as food and non-alcoholic beverages are the most air polluting expenditure categories.

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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 : 04/09/2018)

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 : 25/09/2018)

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