Pedersen, Jesper; Ravn, Søren Hove - 2013
years. In this paper, we present an estimated DSGE model for Denmark. The model has been estimated using Bayesian methods … business cycle fluctuations in Denmark. Our results indicate that foreign shocks explain more than 50 pct. of the variation in … Danish real GDP. As an example, the recession that hit Denmark in the wake of the recent financial crisis was to a large …
