"The Danish Economy in a Global Context provides a general introduction to economic developments, institutions and policies in Denmark. A number of topical policy issues, such as retirement, education and globalisation, are discussed in a non-technical fashion. The text takes a global...

1. The Danish economy in an international perspective; 2. National income accounts concepts and measures; 3. Business Cycles, stabilisation policy, and sustainability of fiscal policy; 4. Financial markets and monetary policy; 5. International economic integration and the external balance; 6. The...

The importance of the design of the income tax system for the incentive to supply effort is considered for both a situation where firms (efficiency wage model) or unions (monopoly union model) have the power to determine wages. A tax reform raising marginal taxes at all income levels and...

How will international integration affect welfare policies? This paper considers the possibilities of financing public sector activities (public consumption and social security expenses) by general (wage) taxation in an economy which becomes more integrated in international product markets. Even...

How will international integration affect welfare policies? This paper considers the possibilities of financing public sector activities (public consumption and social security expenses) by general (wage) taxation in an economy which becomes more integrated in international product markets. Even...