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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.
Forecasts & Outlook - Economic outlook 2017-2018 (Sept) (fr), (nl),
Forecasts & Outlook - Economic outlook 2017-2022 (fr), (mix), (nl),
Forecasts & Outlook - Economic outlook 2017 - June 2017 (fr), (nl),
This study presents a compact model that allows a stylised, yet dynamic reasoning on the main macrofiscal aggregates that are relevant for setting budgetary paths compatible with the structural budget balance requirements of the preventive arm of the Stability and Growth Pact. Some lessons on the conduct of fiscal policy in a reference framework in structural terms can be learned from the simulations provided for illustrative purposes. These simulations show in particular that – under certain conditions relating to the degree to which the budgetary adjustments have a permanent effect on the economic activity and thus on potential GDP – when the feedback effects of adjustments on the underlying macroeconomic environment are left out of consideration, this can be detrimental to the credibility of the considered structural paths.
Working Papers - Working Paper 05-17 (fr), (nl),
This report is an input to the preparation of the new Stability Programme and of the new National Reform Programme (NRP). It presents the assumptions and the main results of the preliminary version of the “Economic Outlook 2017-2022”. The final version of the outlook will be published in June 2017.
Forecasts & Outlook - Economic outlook 2017-2022 - March 2017 (fr), (nl),
Forecasts & Outlook - Economic outlook 2017 (fr), (nl),
Forecasts & Outlook - Economic outlook 2016-2017 (Sept) (fr), (nl),
Reports - REP 11379 (mix),
Reports - REP 11301 (mix),
Forecasts & Outlook - Economic outlook 2016-2017 (June)
Within the framework of the sixth state reform, part of the personal income tax has been regionalised. What’s more, in ESA2010, certain tax expenditures which were partly recorded as negative revenue in ESA95 are now recorded as general government expenditure. These changes motivate a revision of the personal income tax model which is used both for the short and medium term projections made by the FPB and for variant analyses. The new model makes a distinction between the "prepayment" tax (payroll tax and advance payments) and the "enrolment" tax (which fixes the amounts due under regional and local additional levies). It provides a better link to the macroeconomy and explicitly takes into account the schedule of tax enrolment.
Working Papers - Working Paper 04-16 (fr),
This report is an input to the preparation of the new Stability Programme and of the new National Reform Programme. It presents the key assumptions and the main results of the preliminary version of the “Economic Outlook 2016-2021”. The final version of the outlook will be published in May 2016.
Forecasts & Outlook - Economic outlook 2016-2021 - March 2016 (fr), (nl),
Forecasts & Outlook - Economic outlook 2016 (fr), (nl),
Reports - OPREP201605 (mix), (mix),
Improving the functioning of the Stability and Growth Pact (SGP) is back on the agenda, especially as the decline in public investment resulting from fiscal adjustment processes implemented according to the current Pact rules is seen as a brake on future economic growth. When discussions about a Pact revision in 2005 were under way, several major authors (for instance: Blanchard and Giavazzi in CEPR February 2004) suggested reverting to a golden rule under which the deficit would exclude investment expenditure, net of amortization. The Pact was revised in 2005 but this proposal was not adopted. This paper presents a new attempt to integrate a proper accounting of investment into the Pact by modifying the formula of the MTO (Medium Term Objective for the budget balance), without losing the other dimensions of the present formula: the partial provisioning of the so-called cost of ageing and the accelerated debt reduction for highly indebted countries. In this way, the public investment programme becomes a centrepiece of the structural policy of a government and not the first instrument of a cyclical policy.
Working Papers - Working Paper 01-16 (en),
Reports - REP_SHIFT_1501 (fr), (nl),
This study presents a method for decomposing the annual variation of the debt ratio among the cyclical, structural and one-off components, thus making it possible to identify the structural conditions for a positive or negative snowball effect. The study shows that the cyclical component may be significant and, depending on the year, partially hide the structural component of the endogenous debt development. The method differs from the European Commission method for estimating a cyclically-adjusted debt. Compared with it, our method estimates a cyclical component that is better correlated with the level and variation of the output gap. Finally, the study discusses the advisability and feasibility of taking into account equilibrium inflation and interest rate in the approach.
Working Papers - Working Paper 08-15 (fr),
This report presents the results of an impact assessment of an increase in the social integration allowance (assistance scheme). The study which was commissioned by the State Secretary responsible for poverty reduction consists of two parts, on the one hand, an assessment of the macroeconomic and budgetary effects, including the possible return effects, of the increase and, on the other hand, an estimate of its impact on the poverty risk.
Reports - OPREP201512 (mix), (mix),
In accordance with the Law of 21 December 1994, the National Accounts Institute has transmitted the figures of the economic budget to the Minister for Economy. These macroeconomic forecasts are produced within the framework of the preparation of the federal budget for 2016. These forecasts do not take into account the government measures announced in July in the context of the preparation of the federal budget and the tax shift. This also holds for the VAT rate hike on electricity for domestic use from September onwards as this measure is part of a global agreement, the modalities of which were not available in time for integration into these forecasts.
Forecasts & Outlook - Economic outlook 2015-2016 (Sept)
Forecasts & Outlook - Economic outlook 2015-2016 (June)
Speeches & presentations - SP20150512_01 (mix),
Forecasts & Outlook - Economic outlook 2015-2020 (fr), (nl), (fr), (nl), (fr), (fr), (fr), (fr), (nl), (nl), (nl), (nl),
Forecasts & Outlook - Economic outlook 2015-2020 0 (fr), (nl),
Forecasts & Outlook - Economic outlook 2015 (fr), (nl),
This paper presents the models developed at the FPB to project public spending on curative care and long-term care in the medium and long term. The variables explaining curative care spending are income, the age composition of the population, the unemployment rate and technological and medical progress. This variable is approximated using two indicators, the number of new drug approvals (Farmanet data) and the approvals for non-pharmaceutical products (Food and Drug Administration data). With the exception of the latter, all drivers mentioned above increase the cost of curative care. As for long-term care spending, it is explained by income, the proportion of older people in the population and their life expectancy. Long-term care spending is positively impacted by income and ageing. Yet, due to the increase in life expectancy, the impact of ageing shifts gradually towards the oldest age group.
Working Papers - Working Paper 06-14 (nl),
Federal Planning Bureau
