1. The Danish economy in an international perspective; 2. National income accounts concepts and measures; 3. Business Cycles, stabilisation policy, and sustainability of fiscal policy; 4. Financial markets and monetary policy; 5. International economic integration and the external balance; 6. The...

We study the temporal behavior of the cross-sectional distribution of assets' market exposure, or betas, using a large panel of high-frequency returns. The asymptotic setup has the sampling frequency of returns increasing to infinity, while the time span of the data remains fixed, and the...