New GNP estimates in current and constant prices for the Belgian economy in the interwar period are presented. The series are conceptually and methodologically consistent with the post-World War II data and cover both the income and expenditure approaches. The new estimates differ considerably...

We propose that the borrower’s ability to pay through a mortgage is a long-run house price fundamental and …find convincing evidence by means of cointegration tests, granger causality, and an elasticity of house prices with respect to ability to pay close to one. Ability to pay incorporates...

We analyse the impact of economists on post-war economic policy in Belgium. The severe budgetary and monetary crisis of the mid-1920s which brought the country on the brink of hyperinflation and a state moratorium, framed economic policy for several decades to come. Until the mid-1950s inflation...

In this paper we present estimates of regional GDP per capita for certain benchmark years during the first half of the 20th century using the method proposed by Geary and Stark (2002). After testing the robustness of the Geary and Stark methodology for the Belgian situation, these estimates are...

Many households have only one major asset, a house, which is usually financed through a mortgage contract. One of the most important financial decisions a household has to make is therefore the choice of mortgage type. These can be broadly described as falling into one of two categories: the...

We analyse the integration of wheat markets across 18 towns in the Austrian Low Countries during the second half of the 18th century and the relationship with the rapidly expanding paved road network in this period. We use a switching regression approach (threshold cointegration) to study...

We onderzoeken de haalbaarheid van een uitbreiding van de regionale rekeningen voor Vlaanderen met een input-outputtabel, overeenkomstig het nieuw ingevoerde ESR95 nationale rekeningensysteem. Dit is bijzonder nuttig ter ondersteuning van het beleid via impactanalyses. We belichten onder meer de...