Scandinavian Working Papers in Economics

Nationaløkonomisk tidsskrift,
Nationaløkonomisk Forening

Konjunkturcykler i Danmark og Europa

2008, Volume 2008, issue 1, pp. 135-155

Niels Arne Dam ()
Additional contact information
Niels Arne Dam: Danmarks Nationalbank, Postal: Langelinie Allé 47, 2100 København Ø, Danmark

Abstract: Several countries at the core of the Euro area have experienced co - in cident business cycles during the most recent decades, while the Danish economy seemed detached from these cycles during the 1980’s and part of the 1990’s. To a large degree, the decoupling of the Danish economy reflects fundamental changes in the Danish economic policy during this period. Towards the end of the 1990’s a remarkable business-cycle convergence occurred between most of the industrialised countries, as documented in a series of empirical analyses. In the same period, the correlation be - tween Danish and Euro area business cycles increased markedly. Over the most recent years, however, this global convergence has decreased again, while the correlation between Euro-area core economies has remained high. The Danish economy has also main tained a relatively high business-cycle correlation with the Euro-area core countries.

Keywords: Konjunkturcykler; euro

JEL-codes: A10

Language: Danish

Full text files

2008.pdf PDF-file Full text

Download statistics

Questions (including download problems) about the papers in this series should be directed to Lasse Wolsgård ()
Report other problems with accessing this service to Sune Karlsson ().

This page generated on 2024-03-20 23:25:50.