Several legal missions from the Federal Planning Bureau require the construction of long-term macroeconomic scenarios for the Belgian economy. In order to increase the consistency of these scenarios and to build them within a rigorous theoretical framework, it appeared important to develop a new...

The concepts of potential growth and output gap are important tools to evaluate the state of the business cycle and to assess the supply-side capacity of an economy. They have also become an essential ingredient of the European fiscal surveillance process. However, the global economy is facing...

This paper presents the main improvements carried out to the macroeconometric model MZE since its creation in 2003. We have back-calculated the series over the period 1980-1995, in order to make the model more stable. To our knowledge, this paper is the first application of Kllians (1998) method...

L’objectif de cet article est de retracer l’histoire de la macroéconomie de ses débuts à nos jours en prenant en compte sa double dimension théorique et empirique. Elle a profondément marqué l’évolution des politiques économiques. Dans un premier temps, nous rappelons la triple...

The English version of this paper can be found at http://ssrn.com/abstract=3900189French Abstract: L'impact combiné du Brexit et de la pandémie de COVID-19 sur les relations étrangères et commerciales britanniques avec Israël et ses voisins arabes constitue un cas particulièrement...

English Abstract: The combined impact of Brexit and the COVID-19 pandemic on British foreign- and trade relations to Israel and its Arab neighbours constitute a particularly sensitive case. A destabilization of these countries could impact seriously stability and security, not just of the...