The recent rise of jihadist movements in West Africa, including Boko Haram in the Lake Chad region and Al-Qaeda in the Islamic Maghreb and its affiliates in the Sahel-Saharan region, has puzzled many observers. The easy spread of the jihadist ideology, the jihadist movements’ success in...

This paper examines the linkages between Boko Haram activities in northeastern Nigeria and declined activities in regional agricultural markets. Building on data from both the Armed Conflict Location and Event Data Project (ACLED) and the Famine Early Warning Systems Network (FEWS NET), the...

The Sahel and the Sahara are faced with exceptional political instability involving a combination of rebellions, jihadist insurgencies, coups d’état, protest movements and illegal trafficking. The backdrop to this accumulated violence is a globalised security environment, which blurs the...

Chad has emerged as an important counter-terrorism partner in the Lake Chad Basin and the broader Sahel-Sahara region due to its recent political stability and military contribution to security efforts in these troubled zones. However, a closer look at developments in domestic politics, notably...

How do firm-level collective agreements affect firm performance in a multi-level bargaining system? Using detailed Belgian linked employer-employee panel data, our findings show that firm agreements increase both wage costs and labour productivity (with respect to sector-level agreements)....

This paper examines the macroeconomic effects of tax changes in the EU between 2000 and 2016. The novelty of our approach hinges on the use of real-time estimates of discretionary fiscal adjustments, covering personal income taxes, social insurance contributions, corporate income taxes and value...

We analyse the effect of Slovakia’s euro adoption in 2009 on the country’s economic performance by using the synthetic control method. This method compares Slovakia’s economic performance with that of a weighted combination of comparable Central European economies that have remained...

Integrated quarterly sector accounts (QSA) provide an analytical tool to understand the generation, allocation and use of income for all institutional sectors in the economy. They also provide a tool to analyse production from a sectoral point of view instead of an industry point of view....

Official euro area-wide statistics on the capital stock and its breakdowns by asset type and sector are not yet available, but would be very useful for economic and financial stability analysis. This paper proposes a constrained optimisation model with the help of which a full cross-sector...

This paper revisits the credit spread puzzle for banks from the perspective of information contagion. The puzzle consists of two stylized facts: Structural determinants of credit risk not only have low explanatory power but also fail to capture common factors in the residuals. We reproduce the...