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...

The ultimate objective of macroprudential policy is to contribute to financial stability by curbing the build-up of systemic risks and alleviating negative outcomes for the economy should risks materialize . Measuring and communicating whether policy goals are achieved is challenging, as...