Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.
Quantitative Studies on the Monetary and Financial History of Denmark
The thesis consists of an introduction with a brief discussion on the nature and evolution of quantitative economic history followed by ten essays with quantitative studies on the monetary and financial history of Denmark. The first objective of the research project behind the thesis has been an attempt to close some of the gaps in the existing monetary and macroeconomic historical statistics for Denmark, and several new data sets are presented: Financial accounts 1875-2008 (essay 1), interest rates 1875-2008 (essay 2), nominal and real effective krone-rate indices 1875-2003 (essay 3), a detailed input-output table for 1934 (essay 4), the general government budget balance 1875-2005 (essay 5), an input-output based underlying inflation measure 1903-2002 (essay 6), cross-border portfolio flows 1984-2004 (essay 7), credit by sector and industry 1951-2008 (essay 8), time series on labour market structures 1875-2007 (essay 9) and a consumer price index 1502-2007 (essay 10). The second objective of the research project behind the thesis has been an attempt to enhance our insight into the monetary and financial history of Denmark through several new empirical analyses of a range of specific key issues based on the new data sets presented in the thesis. The topics covered are: Monetary trends and business cycles (essay 1 and 8), interest rates and inflation expectations (essay 2), exchange controls, exchange-rate behaviour and capital flows (essay 3, 4 and 7), the cyclical impact on the government budget balance (essay 5), inflation dynamics (essay 6 and 10) and the monetary-regime dependence of labour market structures (essay 9).