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The synchronized disinflation across Europe since end-2011 raises the question of whether non-euro area EU countries are affected by the undershooting of the euro area inflation target. To shed light on this issue, we estimate an open-economy, New Keynsian Phillips curve, in which we control for...
Persistent link: https://www.econbiz.de/10010959481
This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find...
Persistent link: https://www.econbiz.de/10010790263
This paper runs qualitative and quantitative analyses of the financial soundness of Danish banks. Helped by a series of Denmark’s financial policy initiatives, banks have made progress in improving financial stability. However, vulnerabilities remain. To mitigate risks, banks should...
Persistent link: https://www.econbiz.de/10011142084
This technical note analyzes systemic issues in mortgage loans and covered bond finance in Denmark. Mortgage lending …
Persistent link: https://www.econbiz.de/10011245333
This Selected Issues paper examines the household debt situation in Denmark and factors that have contributed to the …
Persistent link: https://www.econbiz.de/10011245371
Persistent link: https://www.econbiz.de/10011245610
Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well … of integration among the four Nordic economies. These differences are driven by the fact that Denmark and Finland have no … independent monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We …
Persistent link: https://www.econbiz.de/10011242239
and high household debt. The economic performance of the four continental Nordic economies (Denmark, Finland, Norway, and …
Persistent link: https://www.econbiz.de/10011243046
This 2014 Article IV Consultation highlights that the Danish economy is recovering slowly and unevenly. The economy contracted slightly in 2013, but it looks likely to accelerate modestly in 2014. Growth is held down by a trend decline in North Sea oil and gas production as well as exports to...
Persistent link: https://www.econbiz.de/10011243186
The paper discusses findings of the Financial System Stability Assessment for Denmark. The Danish authorities have …
Persistent link: https://www.econbiz.de/10011243365