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found that the incidence of downward wage rigidity is low in Denmark when compared to other countries. Wage flexibility is …, but this rigidity declines during the downturn. The analyses employ matched employer-employee data from Denmark. …
Persistent link: https://www.econbiz.de/10011439949
This paper provides a detailed description of Danmarks Nationalbank's current methodology for estimating potential output and output gaps in the Danish economy. Although the general framework is similar to the previous production function approach in Andersen and Rasmussen (2011), each of the...
Persistent link: https://www.econbiz.de/10011614079
Danish business cycles from 1974 to 2000 are studied. The HP-filter and the Baxter-king filter are applied and several …
Persistent link: https://www.econbiz.de/10002773560
years. In this paper, we present an estimated DSGE model for Denmark. The model has been estimated using Bayesian methods … business cycle fluctuations in Denmark. Our results indicate that foreign shocks explain more than 50 pct. of the variation in … Danish real GDP. As an example, the recession that hit Denmark in the wake of the recent financial crisis was to a large …
Persistent link: https://www.econbiz.de/10010224820
This paper uses records of payments in the Danish large value payment system to compute a unique, high-frequency data set on bilateral exposures between banks. The risk of contagion in the Danish interbank market is subsequently analysed using this data set. It is found that the risk of...
Persistent link: https://www.econbiz.de/10003070107