Danmarks Nationalbank’s departments run scheduled seminar series throughout the year at the building in Havnegade 5, Copenhagen. Attendance is by invitation only.

For additional information please contact

The CopenhagenMacro calendar lists research events held at institutions in the Copenhagen area.


22 Juni 2018: Michael Weber (University of Chicago Booth School of Business): "TBA"

12 Juni 2018: Domenico Giannone (Federal Reserve Bank of New York): "Safety, Liquidity, and the Natural Rate of Interest" 

13 April 2018: Federico Cingano (Bank of Italy): "Does Credit Crunch Investment Down? New Evidence on the Real Effects of the Bank-Lending Channel"

3 April 2018:  James Costain (Bank of Spain): "Monetary policy implications of state-dependent prices and wages"

20 March 2018: Michele Cavallo (Board of Governors of the Federal Reserve System): "Fiscal Implications of the Federal Reserve's Balance Sheet Normalization"

15 Januar 2018: Rikke Sejer Nielsen (Copenhagen Business School): "Consumption smoothing over the life-cycle with interest-only mortgages"


8 December 2017: Marcus Mølbak Ingholt (University of Copenhagen): "LTV vs. LTI Constaints: When Did They Bind, and How Do They Interact?"

5 December 2017: Nicolas Serrano-Velarde (Bocconi University): "Lending Standards Over the Credit Cycle"

4 December 2017: Gulfi Zoega (Birkbeck, University of London): "Europe's Trust Deficit - Causes and Remedies"

1 December 2017: Eddie Gerba (Bank of Spain): "Knightian uncertainty and credit cycles"

27 November 2017: David Argente (University of Chicago): "Product Life Cycle, Learning and Nominal Shocks"

21 November 2017: Alonso Villacorta (University of California, Santa Cruz): "Business Cycles and the Balance Sheets of the Financial and Non-financial Sectors"

14 November 2017: Paolo Gelain (European Central Bank): "Monetary and Macroprudential coordination"

9 November 2017:  David Arseneau (Board of Governors of the Federal Reserve Systems): "Private and Public Liquidity Provision in Over-the-Counter Markets"

7 November 2017: David Arseneau (Board of Governors of the Federal Reserve Systems): "How Would US Banks Fare in a Negative Interest Rate Environment"

6 November 2017: Signe Krogstrup (IMF): "International Capital Flow Pressures"

24 October 2017: Jens Christensen (Federal Reserve San Francisco): "A New Normal for Interest Rates? Evidence from Inflation-Indexed Debt"

3 October 2017: Egon Zakrajsek (Board of Governors of the Federal Reserve Systems): "Financial Heterogeneity and Monetary Union"

20 September 2017: Martin Seneca (Bank of England): "Risk shocks close to the zero lower bound"

19 September 2017: Stefano Neri (Bank of Italy): "Natural Rates across the Atlantic"

12 September 2017: Claus Thustrup Kreiner (University of Copenhagen): "CEBI project: Heterogenous Discounting Behavior and Wealth Inequality"

29 August 2017: David Lando (Copenhagen Business School): "Safe Haven CDS Premiums"

8 August 2017: Jeppe Druedahl (University of Copenhagen): "Long-Run Saving Dynamics: Evidence from Unexpected Inheritance"

4 August 2017: Oreste Tristani (European Central Bank): "Monetary Policy and Long-term interest rates"

20 June 2017: Emiliano Santoro (University of Copenhagen), Søren Hove Ravn (University of Copenhagen): "Leverage and Deepening Business Cycle Skewness"

6 June 2017: Luca Gambetti (Universitat Autónoma De Barcelona): "News, Uncertainty and Economic Fluctuations (No News Is Good News)"

23 May 2017: Søren Leth-Petersen (University of Copenhagen): "Is There a Housing Wealth Effect?"

18 May 2017: Luca Sala (Bocconi University): "Reassessing Structural VARs: Beyond the ABCs (and Ds)

9 May 2017: Daniel Daianu (National Bank of Romania): "The New Trade Protectionism"

5 May 2017: Omri Ross (Unversity of Copenhagen): "Blockchains"

12 January 2017: Thomas Pihl Gade (IMF's Nordic-Baltic Office): "The IMF in the International Monetary System and a more Polarized World"

19 December 2016: Thomas Kromand Danielsen (Danmarks Nationalbank): "Potential Output in Denmark – Revised"

16 December 2016: Christian Sinding Bentzen (Danmarks Nationalbank): "Spill-Over Effects from the Housing Market in Copenhagen on the Province"

15 November 2016: Immo Schott (Universite de Montreal): "The employment and productivity effects of short-time work in Germany"

11 November 2016: Georg Ring (Copenhagen Business School): "The irrelevance of Brexit for the European Financial Market"

31 October 2016: Stefan Ingves (Sveriges Riksbank): "Current Discussions on the Basel Framework and Challenges Ahead"

28 October 2016: Graeme Stuart Cokayne (Danmarks Nationalbank): "Incorporating Information into Beliefs on Networks"

10 October 2016: Markus Brunnermeier (Princeton University): “The reversal interest rate: the effective lower bound of monetary policy"

10 October 2016: Jonas Sørensen and Morten Spange (Danmarks Nationalbank): "Effects of inventions in the currency market"

12 September 2016: Peter Lihn Jørgensen (Danmarks Nationalbank): "The American house bubble with alternative formation of expectations"

1 September 2016: Vitor Gaspar (IMF's Fiscal Affairs Department): "Global Fiscal Developments and tax capacity"

29 August 2016: Jesper Pedersen (Danmarks Nationalbank): "What are the effects of changes in taxation and new types of mortgages on the real economy? - The case of Denmark during the 00's"

15 August 2016: Goutham Jørgen Surendran and Rasmus Bisgaard (University of Copenhagen): "Fiscal policy in a DSGE model"

10 June 2016: Lasse Holboell Nielsen (Goldman Sachs): "ECB policy shocks Euro satellites – 'Fear of floating'"

6 June 2016: Kim Abildgren and Andreas Kuchler (Danmarks Nationalbank): "Consumer confidence and house bubbles"

23 May 2016: Nicolas Véron (Bruegel): "Europe's Newborn Banking Union: Achievements, Challenges & Prospects"

9 May 2016: Anders Kronborg (Danmarks Nationalbank): "Modeling nonlinear dynamics in macroeconomics"

12 April 2016: Tjörvi Olafsson (Sedlabanki): "Financial Cycles in Iceland"

11 April 2016: Søren Hove Ravn (University of Copenhagen): "Deepening Contractions and Collateral Constraint"

14 March 2016: Robert Aliber (University of Chicago): "The case for flexible exchange rates is intellectually bankrupt"

1 February 2016: Svend Greniman Andersen (Danmarks Nationalbank): "Offshoring, innovation and wages in the global economy"

18 January 2016: Mark Strøm Kristoffersen (Danmarks Nationalbank): "Market liquidity and market making in the bond market"

7 December 2015: Claes Bäckman (Copenhagen Business School): "The Consequences of Interest Only Loans for the Housing Boom and Bust"

5 October 2015: Gregory Chin (York University): "Chinese monetary policy and internationalization of the renminbi"

1 October 2015: Lasse Heje Pedersen (Copenhagen Business School)

28 September 2015: Peter Nellemann (Danmarks Nationalbank): "Global value chains"

14 September 2015: Casper Nordal Jørgensen (Danmarks Nationalbank): "Expenditure switching and welfare effects"

31 August 2015: Kim Abildgren (Danmarks Nationalbank): "Money market before, under and after the crisis"

17 August 2015: Mark Strøm Kristoffersen (Danmarks Nationalbank): "Analysis of wage flexibility, geographic mobility and the unemployment benefit system"

13 August 2015: Andreas Orebo Hansen and Frederik Sandager Rasmussen (University of Copenhagen): "How intense is the competition among banks, and how does it affect the financial stability?"

22 July 2015: Ib Hansen (Danmarks Nationalbank): "Connection the MONA model and banks’ stress testing"

8 June 2015: Morten Hedegaard Rasmussen (OECD): "Countries real economic resilience"

28 May 2015: Søren Autrup (Danmarks Nationalbank): "Monetary policy in the ECB"

11 May 2015: Andreas Kuchler (Danmarks Nationalbank): "Firms debt and investments during the crisis"

11 May 2015: Yu Yongding (China Society of World Economy): "China's Slow-Growth Opportunity"

27 April 2015: Simon Juul Hviid (Aarhus University): "Explosive bubbles in house prices? Evidence from the OECD countries"

13 April 2015: Torben Heien Nielsen (University of Copenhagen): "Active vs. Passive Decisions and Crowd-Out in Retirement Savings: Evidence from Denmark"

9 April 2015: Signe Krogstrup (Swiss National Bank): "Monetary policy with negative interest rates"

7 April 2015: Jens Søndergaard (Capital Group): "Global financial cycles: All together now?"

16 March 2015: Marcus Mølbak Ingholt (University of Copenhagen): "A DSGE Model with a Housing Market and Unemployment"

16 March 2015: Mette Escherich Østergaard (Aarhus University): "Risk to the macroeconomic stability – adjustable rates and deferred amortization"

2 March 2015: Jesper Pedersen (Danmarks Nationalbank): "Long stagnation"

2 February 2015: Henrik Yde Andersen (Danmarks Nationalbank): "Saving behavior and fiscal deduction for pension savings – an empirical research of the ceiling over pension annuity payment"

2 February 2015: Anne Ulstrup (Danmarks Nationalbank): "the Keynesian multiplier in a CGE-model – modelling of a CGE-model with nominal and real frictions"

19 January 2015: Sabine Lautenschläger (ECB & SSM): "Single Supervisory Mechanism – its establishment and the way forward"