Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.

Monetary policy

Money Growth, Inflation and the Business Cycle

Money growth has recently been relatively strong both in Denmark and abroad. The article investigates whether money growth in Denmark is higher than the current economic conditions and interest rates would normally warrant. Furthermore, the correlation between money growth and inflation in the short and long term is examined, as well as the correlation between money, credit and housing prices over the business cycle.