Outdated browser

You are using an outdated browser. DNB.nl works best with:

DNB's Econometric Models

Models for analyzing and assessing inflation developments

Read aloud

For a more general and broader assessment of inflation and its drivers in the Netherlands and the euro area, we use VAR-models and Phillips curve models (with and without regime-switching; with alternative measures of slack) and unobserved components models. The unobserved components model identifies the trend, seasonal and irregular components and is used to provide estimates of underlying trends and cycles in the data. For recent work on the assessment of inflation see the links below.

  • Bonam, D., G. Galati, I. Hindrayanto, M. Hoeberichts, A. Samarina and I. Stanga, 2019, Inflation in the euro area since the Global Financial Crisis, DNB Occasional Study 3, September 2019 (link) 
  • Hindrayanto, I., Samarina, A. and I. Stanga, 2019, Is the Phillips curve still alive? Evidence from the euro area. Economics Letters 174, 149-152 (link) 
  • Bonam, D., J. de Haan and D. van Limbergen, 2018, Time-varying wage Phillips curves in the euro area with a new measure for labor market slack, DNB Working Paper 587 (link)

DNB's Econometric Models

DNB uses cookies

We use cookies to optimise the user-friendliness of our website. 
Read more about the cookies we use and the data they collect in our cookie notice.

To ensure the proper operation of the website, De Nederlandsche Bank (DNB) uses functional cookies and analytics cookies, and has taken measures to ensure that these cookies have little or no impact on the privacy of website users.

Some pages include embedded content from external websites. These websites may use proprietary (tracking) cookies. This allows third parties to track visitor statistics, show personalised content and display targeted ads, for example. You can make your choice about allowing these optional cookies both when you first visit the website and when you navigate to a page with embedded content.