The transport satellite accounts (TSA) show the total transport expenditure in Belgium in 2000. The TSA are a complement to the information in the national accounts for transport activities, which are only partially described in this general framework. Transport generates externalities that are...

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...