In the following we will analyse the sale of alcohol in Denmark. Various figures related to this question are published by Statistics Denmark at different frequencies. Our main concern will be with quarterly data for the sale of beer, wine and spirits from the period 1990 – 2004. Our two...

We study aggregation - or sample frequencies - of time series, e.g. aggregation from weekly to monthly or quarterly time series. Aggregation usually gives shorter time series but spurious phenomena, in e.g. daily observations, can on the other hand be avoided. An important issue is the effect of...

This paper analyzes the position of wine in the Danish alcohol market from 1978 to 2008. During this time period the market share of wine has doubled, assumingly due to a tax-induced change in relative prices as well as behavioral changes. This paper models the yearly observed market share of...

How do prices affect the choice of types of alcohol in Denmark? We study the Danish sale of alcoholic beverages in a time series framework. First, we look at annual data from 1980 investigating the hypothesis of a fairly stable level of sales. We conclude stationarity of sales and we also find...

We test econometrically whether the sole Danish producer of cement holds a dominant <p> position in the Danish market for (grey) cement. In import penetration tests, we find that its <p> pricing and quantity decisions are independent of import price and quantity, implying that it can <p> act to a...</p></p></p>

This paper examines the relation between monetary asset components and some of the <p> variables that traditionally enter into aggregate money demand relations. This is done for <p> Danish data within the natural framework of a multivariate econometric model. The <p> purpose of the study is to...</p></p></p>

The paper contains a comparison of the performance of two different monetary aggregates (a simple-sum one and a Divisia index). The econometric framework used is a multivariate VAR-model for non-stationary series, and some features from recently developed techniques for analyzing I(2)-systems...

This paper examines the relation between monetary asset components and some of the variables that traditionally enter into aggregate money demand relations. The analysis is performed on Danish data within the natural frame-work of a multivariate econometric model. The purpose of the study is to...

The proposal that a reformed international monetary system be designed around currency blocs has gained some popularity of late. In Europe, the formation of the Euro formalizes the existence of a DM-based currency block. Little academic research has been conducted, however, on the properties of...