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To promote transparency and provide information, the Federal Planning Bureau regularly publishes the methods and results of its works. The publications are organised in different series, such as Outlooks, Working Papers and Planning Papers. Some reports can be consulted here, along with the Short Term Update newsletters that were published until 2015. You can search our publications by theme, publication type, author and year.
This Working Paper is aimed at describing the current version of Federal Planning Bureau’s medium-term macrosectoral model, named HERMES. This model is used to produce on a regular basis medium-term outlooks for the Belgian economy. In addition to the main macroeconomic aggregates (GDP, private consumption, external trade, investments,…), those outlooks also concern labour market aggregates, detailed public finances, energy consumption and greenhouse gas emissions. The HERMES model is also used to compute the impact of policy measures and external shocks on the Belgian economy.
The Working Paper presents a study or analysis conducted by the Federal Planning Bureau on its own initiative.
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Themes
Macroeconomic forecasts and analyses
JEL
Mathematical and Quantitative Methods > Econometric Modeling [C5]
Macroeconomics and Monetary Economics > General Aggregative Models [E1]
Macroeconomics and Monetary Economics > Consumption, Saving, Production, Employment, and Investment [E2]
Macroeconomics and Monetary Economics > Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook [E6]
Public Economics > Taxation, Subsidies, and Revenue [H2]
Public Economics > National Government Expenditures and Related Policies [H5]
Labor and Demographic Economics > Wages, Compensation, and Labor Costs [J3]
Keywords
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Federal Planning Bureau
