RaboResearch - Economic Research

Maartje Wijffelaars

Senior Economist

Maartje works as an economist at RaboResearch Global Economics & Markets.

She focuses extensively on (political and economic) developments in the eurozone as a whole and in the member states Ireland, Portugal, Spain, Italy and Greece.

Maartje previously worked at the University of Antwerp where she researched the relationship between financial institutions and government debt in the eurozone at the time of the financial crisis. She studied Economics and Finance at Tilburg University.

Publications Maartje Wijffelaars


Italian elections: three scenario’s

The Italian elections on March 4 will likely yield a hung parliament. The reform outlook is weak and some fiscal slippage is likely. We believe the risk of an unexperienced nationalist government is limited, but the market might well be underpricing risks.

Economic Comment

Eurozone economy steams ahead into 2018

The Eurozone economy finished 2017 at a high note, with annual growth coming in at 2.5%, the highest figure since 2011. The outlook for 2018 looks good as well, likely prompting us to upwardly revise our forecasts soon.

Economic Report

Catalan separatists tone down defiant stance

The risk of a new clash between Catalonia and Madrid in the coming weeks has dropped. Tensions will remain high in the coming years, but Catalonia will stay part of Spain. Notably, the political crisis has had limited impact on Spain’s economy.

Special Dutch version

Italy: Cyclical upswing – what will 2018 bring?

Italy’s short-term economic outlook is firm. Yet the country’s long-term growth outlook is weak. The next government is unlikely to tackle large challenges. On the upside, the risk of an unexperienced populist government after the 2018 elections is limited.

Economic Report

Separatists will likely win Catalan elections

The separatists will likely win today’s elections in Catalonia, but they might lose their absolute majority. While a fresh push towards unilateral independence is unlikely, it could take many years before tensions actually recede.

Economic Quarterly Report

Visie op 2018: magere jaren eurozone voorlopig voorbij (Dutch)

Het economisch momentum in de eurozone houdt aan. Wij verwachten dat de groei de komende twee jaar rond de twee procent ligt. De groei wordt gedragen door zowel de binnenlandse als buitenlandse vraag. Toch blijft de inflatie volgens ons beperkt.

Economic Report

The impact of the proposed corporate tax cut in the US

Simulations with a macro-econometric model show that a reduction in the US corporate tax rate will boost GDP growth in the short run, but the debt ratio in the long run. The cut will also lead to higher long-term interest rates and a stronger US dollar.

Economic Comment

Eurozone inflation cannot keep up with strong economic growth

Economic growth in the Eurozone exceeded expectations in the third quarter of 2017. Growth is heading for 2.3 percent in 2017. Still, in the short term, core inflation is unlikely to reach the levels the ECB would deem 'durable and self-sustaining'.