This paper sets out by looking at the purchasing power parity theory applied on Denmark, using real effective exchange rate measures published by Danmarks Nationalbank. Following this, two commonly used methods of determining equilibrium exchange rates are examined. First, a model of...

Danish business cycles from 1974 to 2000 are studied. The HP-filter and the Baxter-king filter are applied and several empirical regularities are identified: Consumption tends to lead the business cycle while investment, especially construction, follows with a lag. Export does not covariate...

This paper sets out by looking at the purchasing power parity theory applied on Denmark, using real effective exchange rate measures published by Danmarks Nationalbank. Following this, two commonly used methods of determining equilibrium exchange rates are examined. First, a model of...

Danish business cycles from 1974 to 2000 are studied. The HP-filter and the Baxter-king filter are applied and several empirical regularities are identified: Consumption tends to lead the business cycle while investment, especially construction, follows with a lag. Export does not covariate...