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...

We assess the solidity and debt servicing capacity of Danish homeowners by simulating the impact on household budgets of inflation, rising interest rates and a potential unemployment shock, and calculating the remaining economic margin. A negative economic margins means the household would not...

I document trends in emissions and emission disclosure for a sample of 141 large firms that were active within the EU Emissions Trading System during its third phase (2013-2019). Using text from annual reports, I document a rising share of emissions-related information. However, my measure of...

Rising mortgage rates have led to one in five Danish fixed-rate mortgages to be refinanced during the first three quarters of 2022. The unique Danish match-funding principle has allowed fixed rate mortgage borrowers to buy back their existing mortgages at a 18 per cent discount, on average. 62...

This study examines the effects of super-fast internet connections on the academic achievement of students in upper secondary school. We link detailed register data on around 250,000 students to local levels of access to optic fiber broadband and estimate the effect of broadband on student GPA....

This study investigates the relationship between super-fast broadband and firms' sales and employment level in Sweden. It is important to learn more about this recent technological change and few studies has explored the impact of super-fast broadband on firm outcomes. We use the previous...

This memo documents a nowcasting model for Danish GDP used during the economic crisis related to the outbreak of COVID-19. During this crisis, the model provided timely and more accurate nowcasts than a simple model. To improve the timeliness of nowcasts we make use of new high-frequency indicators.

The Danish labour market has tightened substantially during the recovery of the Danish economy. Pandemic-related labour demand can account for some of the employment growth. The majority of the movements on the labour market have occurred among marginal jobs, and cross-sectoral movements have...

We construct an index for economic policy uncertainty in Denmark using articles in Denmark's largest financial newspaper. We adapt a Latent Dirichlet Allocation (LDA) model to sort articles into topics. We combine article-specific topic weights with the occurrence of words describing uncertainty...

Did the financial crisis spread from distressed banks to households through a contraction of the credit supply? We study this question with a dataset that contains observations on all accounts in Danish banks as well as comprehensive information about individual account holders and banks. We...