Over the coming years, the workingage population of native Danes is expected to fall substantially, and tailwinds from past labour market reforms will, to some extent, die down. As the structural labour force is expected to increase at a slower pace, international recruitments may come to play...

House prices increased considerably in Denmark during the pandemic, while consumption remained moderate. This memo explores the nature of the muted consumption response based on a unique data set with estimates of the value of almost all single- and multi-family houses in Denmark obtained from a...

Over the decade that preceded the pandemic recession, wage and price inflation remained low in Denmark and other advanced economies, despite falling unemployment rates. We attribute the subdued inflation to a fall in the propensity of employed workers to look for other jobs and higher wages....