Scandinavian Working Papers in Economics

Nationaløkonomisk tidsskrift,
Nationaløkonomisk Forening

Estimates of the Danish generalgovernment budget balance and the cyclical budget volatility 1875-2005

2006, Volume 2006, issue 1, pp. 287-303

Kim Abildgren ()
Additional contact information
Kim Abildgren: Danmarks Nationalbank, Postal: Langelinie Allé 47, 2100 København Ø

Abstract: This article presents estimates for the Danish general-government net lending over the period 1875-2005 and analyses the long-term fiscal development. The Danish general government's deficit has only significantly exceeded 3 percent of GDP during World War II and in the early 1980s, and the cyclical impact on the general government budget balance seems most often to have been relatively modest.

Keywords: Net lending; Fiscal development

JEL-codes: A10

Language: English

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