by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional …

We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and … measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic … vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with …

This paper discusses findings of the Report on Observance of Standards and codes for Denmark. Denmark has a high level …

years. In particular, it examines the experiences of Denmark, Ireland, the Netherlands, and Spain—four countries in which … similarities, but also important differences. Shocks to house prices, unemployment, and bank balance sheets were most severe in …

Denmark’s public expenditure as a share of GDP is the highest in the OECD. The main difference between Denmark and … the median OECD country is the larger amount of social protection expenditure. The public health expenditure of Denmark is …

This paper discusses findings and recommendations made in the Financial Sector Assessment Program Update for Denmark in …