record pace. This study shows that the pass-through to retail rates has been stronger in Denmark than in the euro area so far …. Interest rate fixation periods are shorter in Denmark, debt turnover is higher and Danish households have more debt. Thus, the … household cash-flow channel appears to have been stronger in Denmark compared to the euro area. …

and lowering aggregate demand for goods and services. Using 20 years of firmlevel data from Denmark, we find that an …

Denmark. To that end, we combine data on the universe of housing transactions in Denmark since 1992 with rich data on the …