This article traces links between the monetary regime and some institutions of the labour market in Denmark over the past century. The results indicate that elements of the labour market are endogenous. The longest wage contract terms are found towards the end of the pre-World War I classical...

We examine the real effects of credit shocks using a series of structural vector autoregressive models estimated on the basis on a new quarterly data set for Denmark spanning the past 90 years or so. We find no evidence of real macroeconomic effects from supply shocks to credit from...