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The potential growth of the Belgian economy

Author

Listed:
  • R. Basselier

    (National Bank of Belgium)

  • G. Langenus

    (National Bank of Belgium)

  • P. Reusens

    (National Bank of Belgium)

Abstract

The potential growth of the Belgian economy: a joint improvement in employment, investment and productivity is required

Suggested Citation

  • R. Basselier & G. Langenus & P. Reusens, 2017. "The potential growth of the Belgian economy," Economic Review, National Bank of Belgium, issue ii, pages 37-53, september.
    • Handle: RePEc:nbb:ecrart:y:2017:m:september:i:ii:p:37-53
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    File URL: https://www.nbb.be/en/articles/potential-growth-belgian-economy
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    References listed on IDEAS

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    1. Basistha, Arabinda & Nelson, Charles R., 2007. "New measures of the output gap based on the forward-looking new Keynesian Phillips curve," Journal of Monetary Economics, Elsevier, vol. 54(2), pages 498-511, March.
    2. Andrea Ariu & Vincent Vandenberghe, 2014. "Assessing the role of ageing, feminising and better-educated workforces on TFP growth," Working Paper Research 265, National Bank of Belgium.
    3. Claessens, Stijn & Kose, M. Ayhan & Terrones, Marco E., 2012. "How do business and financial cycles interact?," Journal of International Economics, Elsevier, vol. 87(1), pages 178-190.
    4. J. De Mulder & M. Druant, 2011. "The Belgian labour market during and after the crisis," Economic Review, National Bank of Belgium, issue i, pages 89-104, June.
    5. Siem Jan Koopman & Rutger Lit & Andre Lucas, 2016. "Model-based Business Cycle and Financial Cycle Decomposition for Europe and the U.S," Tinbergen Institute Discussion Papers 16-051/IV, Tinbergen Institute.
    6. C. Rigo, 2005. "The potential growth of the Belgian economy and its determinants," Economic Review, National Bank of Belgium, issue iii, pages 45-64, September.
    7. repec:nbb:ecrart:y:2014:m:december:i:iii:p:69-82 is not listed on IDEAS
    8. Müge Adalet McGowan & Dan Andrews & Valentine Millot & Thorsten BeckManaging Editor, 2018. "The walking dead? Zombie firms and productivity performance in OECD countries," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 33(96), pages 685-736.
    9. Borio, Claudio, 2014. "The financial cycle and macroeconomics: What have we learnt?," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 182-198.
    10. Philippe Aghion & Philippe Askenazy & Nicolas Berman & Gilbert Cette & Laurent Eymard, 2012. "Credit Constraints And The Cyclicality Of R&D Investment: Evidence From France," Journal of the European Economic Association, European Economic Association, vol. 10(5), pages 1001-1024, October.
    11. Emmanuel Dhyne & Catherine Fuss, 2014. "Main lessons of the NBB’s 2014 conference “Total factor productivity : measurement, determinants and effects”," Economic Review, National Bank of Belgium, issue iii, pages 63-76, December.
    12. Bruno De Backer & Hans Dewachter & Stijn Ferrari & Mara Pirovano & Christophe Van Nieuwenhuyze, 2016. "Credit gaps in Belgium : identification, characteristics and lessons for macroprudential policy," Financial Stability Review, National Bank of Belgium, vol. 14(1), pages 153-170, June.
    13. James D. Hamilton, 2017. "Why You Should Never Use the Hodrick-Prescott Filter," NBER Working Papers 23429, National Bureau of Economic Research, Inc.
    14. Crafts, Nicholas, 2012. "Western Europe's Growth Prospects: an Historical Perspective," CEPR Discussion Papers 8827, C.E.P.R. Discussion Papers.
    15. Aghion, P. & Askenazy, P. & Berman, N. & Cette, G. & Eymard, L., 2008. "Credit Constraints and the Cyclicality of R&D Investment: Evidence from France," Working papers 198, Banque de France.
    16. Ch. Warisse, 2017. "Analysis of the developments in residential property prices : Is the Belgian market overvalued ?," Economic Review, National Bank of Belgium, issue i, pages 61-77, June.
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    Cited by:

    1. M. Deroose & A. Rannenberg & J. Wauters, 2019. "Separating the trend from the cycle : The debate on euro area potential output and implications for monetary policy," Economic Review, National Bank of Belgium, issue ii, pages 7-28, September.

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