Working Paper presents research work by both Danmarks Nationalbank’s employees and our partners. The series is primarily targeted at professionals and people with an interest in central banking research as well as economics and finance in a broader sense.

Other economic analysis

Working Paper: Non-Parametric Estimation of Marginal Propensities to Consume: The Case of Regression Splines

We investigate a non-parametric method to estimating marginal propensities to consume (MPC) using regression splines.