This thesis investigates the consequences of model uncertainty and persistence in consumption habits and price-setting behaviour in a New Keynesian model.As the decision of a central bank is made in an uncertain environment, the analysis of uncertainty is essential in monetary policy models. In...

"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...