We investigate the effects of the risk of flooding and rising sea levels on the prices of single-family homes in Denmark. To that end, we combine data on the universe of housing transactions in Denmark since 1992 with rich data on the flood risk exposure of all Danish houses. Flood risks are...

This memo provides three insights into the inner workings of nonbank lending in Denmark. First, we show that nonbanks are an important source of funding for Danish firms and households, accounting for about 8 per cent of total unsecured corporate and consumer credit. Second, we show that the...

In the recent years Danish companies have increasingly acquired foreign companies and vice versa. The size of some company acquisitions surpasses the daily turnover in the foreign exchange market for kroner. A case study in this Economic Memo shows that large company acquisitions have not...

Using micro-level data from the period 2001-2018, we document the increased digitalisation of the Danish economy and analyse the effect of digitalisation on sectoral and firm performance measured by sales. We introduce two concepts to measure digitalisation. We approximate the degree to which...

While the pandemic initially halted the ongoing upswing of the Danish labour market and reduced employment substantially, the recovery has taken place at an unprecedented pace, which inevitably has led to substantial pressure on the labour market. Transitory pandemic-related labour demand can...

The financial sector and its regulators have an obligation to explore the use of Artificial Intelligence (AI) and machine learning. These technologies hold the potential of sharpening business processes and improving the resiliency of both individual financial institutions and the financial...

The price of natural gas has risen significantly since the summer of 2021. Higher heating costs may put downward pressure on homes heated with gas. Seen in isolation, the average price drop will be DKK 73,000 for a house with gas, if the gas price develops in line with the expectations of...