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Exceptionally large monetary and fiscal policy measures have been implemented globally to counteract the adverse economic consequences of the covid-19 crisis. The analysis first provides an overview of some of the measures taken to support liquidity and lending in the US, Germany, Sweden and...
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The corona epidemic has caused a temporary reduction in housing market activity and a small drop in housing prices …
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Since the partial shutdown of Denmark following the covid-19 outbreak, the Parliament has passed several temporary compensation schemes to support companies and sustain employment. Based on simulations using the macroeconometric model ADAM, we find that the compensation schemes can strengthen...
Persistent link: https://www.econbiz.de/10013326740
The corona epidemic has reduced the consumption of Danish households, which will temporarily lower the consumption rate … economy. Therefore, the consumption rate is expected to relatively quickly return to its pre-corona epidemic level. However, a … longer lasting epidemic and contraction of the Danish economy can further reduce household consumption. …
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Due to the covid19-crisis, it is projected that Danish potential GDP will grow at a slower pace in the coming years. Potential GDP is reduced by 1.1 per cent in 2022 compared to Nationalbanken's forecast from before the covid19 outbreak. The downward revision reflects a decline in structural...
Persistent link: https://www.econbiz.de/10013326743
The memo gives a technical summary of a system developed and used in Danmarks Nationalbank's assessment of the economic impact of the covid-19 crisis. The system combines input-output tables from the national accounts, the input-output model and Danmarks Nationalbank's high-frequency indicators....
Persistent link: https://www.econbiz.de/10013326746
The Danish labour market experienced a historically severe setback after the partial shutdown of the economy but is now recovering. This Economic Memo gives a detailed account of the developments on the Danish labour market over the past six months and serves as the foundation for Danmarks...
Persistent link: https://www.econbiz.de/10013326747
Households' savings increased significantly during the first wave of the corona pandemic in Denmark and several other countries. This Economic Memo finds that the higher savings in Denmark were driven by restrictions rather than precautionary consumers. Precautionary savings have so far been...
Persistent link: https://www.econbiz.de/10013326750