The headline inflation rate is subject to unpredictable, temporary, sector-specific shocks. Therefore, various measures of core inflation have been proposed to isolate the underlying or permanent inflation component. In this paper, a number of criteria are used to evaluate several statistical...

This article discusses and advocates extension of the traditional price index to include asset prices. A price index which reflects current asset prices would be of great help to those preparing monetary policy for EMU, and is particularly relevant in the current situation of low inflation as...

In the empirical literature, not much support is found for the uncovered interest parity. Especially with free floating exchange rates, the forward rate is a biased predictor of the future exchange rate. This phenomenon can both be explained by an absence of rational expectations or by risk...

Dutch Abstract: Deze oratie van hoogleraar Edwin Woerdman, uitgesproken op 26 maart 2019 aan de Rijksuniversiteit Groningen, bevat diverse hypothesen. Een nationale CO2-heffing bovenop het Europese emissiehandelssysteem leidt ertoe dat de samenleving straks meer betaalt voor emissiereducties die...

Politicians and car owners are regularly concerned about the level of gasoline prices. Especially, Dutch gasoline prices seem to be high in an European perspective. This paper therefore analyses the developments of gasoline prices in the Netherlands and some other European countries from 1996 up...

Although Europe is about to introduce a commom monetary policy with one common European currency, the euro, estimating the expected costs and income is not an easy task. This paper analyzes in-depth the benefits of the euro. The prospects are positive.

Although Europe is about to introduce a commom monetary policy with one common European currency, the euro, estimating the expected costs and income is not an easy task. This paper analyzes in-depth the benefits of the euro. The prospects are positive.