This paper examines the impact on unemployment, wages, distribution and welfare of Youth Unemployment Programmes (YUPs). The aim of YUPs is to increase the number of young people acquiring skills and thereby reduce unemployment. We consider the assumption of a completely successful YUP, which...

This paper analyzes whether, and to what extent, the Danish 1, 5 and 10-year equity premia <p> are predictable. We examine the predictive power of a comprehensive list of financial ratios, <p> interest rates and so forth. The results show that the 5-year premium is predictable in the <p> sense that the...</p></p></p>

The paper gives an overview over four papers (chapters) dealing <p> with the business cycle for the economy of Bornholm, 1987 to 1996. As a <p> reference is used two regions in the capital area and the country as a whole. At <p> the centre of interest is the labor market. The basic description is in...</p></p></p>

Real income on Bornholm is described by comparing the region with the <p> capital area and the country. Region specific prices are constructed for housing <p> expenditure and for services. Weights for these parts of household budgets and the <p> residual are found from panel surveys of household...</p></p></p>

Med afsæt i et historisk lavt dividende-pris (D-P) forhold har Tom Engsted & Carsten <p> Tanggaard prædikteret, at det danske aktiemarked vil falde med 50 % i.f.t niveauet i 1996, <p> idet en tilbagevenden af D-P ratioen til det historiske gennemsnit hævdes primært at komme i <p> stand via...</p></p></p>

This paper presents long time series of stock and bond returns for Denmark <p> from 1922 to 1999. Average stock returns are low in an international context, but <p> returns (and volatility) have increased sharply since 1983 which may be explained by <p> major changes in economic policy and...</p></p></p>

We estimate a well-specified two-state regime-switching model for Danish stock returns. The <p> model identifies two regimes which have low return-low volatility and high return-high <p> volatility, respectively. The low return-low volatility regime dominated, except in a few, short <p> episodes, until...</p></p></p>

This paper examines the relation between monetary asset components and some of the <p> variables that traditionally enter into aggregate money demand relations. This is done for <p> Danish data within the natural framework of a multivariate econometric model. The <p> purpose of the study is to...</p></p></p>