Since early 2021, consumer price inflation has risen sharply across the advanced economies, including the US, the euro area and Denmark. We argue that the surge in inflation in the three economies in 2021-22 reflects multiple factors, including the Covid19 pandemic in 2020-21 and the Russian war...

I present empirical results on the contribution of three key drivers of inflation in Denmark: an inflation trend anchored by inflation expectations; the Danish business cycle; and an energy price cycle. All three drivers contribute significantly to the development of inflation and explain most of...

Auch in Dänemark schwächte sich das Wirtschaftswachstum im Laufe des vergangenen Jahres ab. Das reale Bruttoinlandsprodukt dürfte nur noch um 1 ¼ % expandiert sein. Auf dem Arbeitsmarkt hat sich die Lage zuletzt etwas verschlechtert. Die Arbeitslosenquote lag im Jahresdurchschnitt bei 4 ½...

Nach der konjunkturellen Verlangsamung 2001 haben sich Nachfrage und Produktion in Dänemark 2002 wieder lebhafter erhöht. Das reale Bruttoinlandsprodukt hat um 1½% zugenommen. Auf dem Arbeitsmarkt blieb die Lage günstig. Die Arbeitslosenquote lag im Jahresdurchschnitt bei 4¼%. Die...

Economic Memo is a new publication series from Danmarks Nationalbank. Please, update your News service settings if you want to receive a notification when the next Economic Memo is available. The first Economic Memo shows that the equity risk premium has doubled after the financial crisis. As a...

The value of the Danish commercial real estate market is large and developments within this market can have widespread implications for the financial system and the real economy. This memo provides an overview of the Danish commercial real estate market. It maps the stock of Danish commercial...

Following the outbreak of the covid-19 pandemic, countries worldwide adopted new or scaled up existing job retention schemes. This paper examines the labor market effects of the Danish wage compensation scheme for employees, which offered wage subsidies to private firms that furloughed workers...

Im Rahmen der Studie werden wirtschaftliche Stärken und Schwächen beidseits der deutsch-dänischen Grenze sowie Handlungsfelder für eine vertiefte Kooperation in der Grenzregion identifiziert. Es wird analysiert, welche "kritischen Massen" in der Grenzregion mobilisiert werden könnten, um...

We study whether and how early labor market choices determine longer-run career versus family outcomes differentially for male and female professionals. We analyze the physician labor market by exploiting a randomized lottery that determines the sorting of Danish physicians into internships...

This paper revisits the link between education-based marriage market sorting and income inequality. Leveraging Danish administrative data, we develop a novel categorization of marriage market types based on the starting wages and wage growth trajectories associated with educational programs:...