Macroeconomic Perspectives on the Danish Economy

1. Front Matter

   Pages i-xv

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2. Macroeconomic Perspectives on the Danish Economy: Problems, Policies and Prospects

   • Torben M Andersen, Svend E Hougaard Jensen, Ole Risager

   Pages 1-39

3. EMU and the Outsider Nations

   • Niels Thygesen

   Pages 40-65

4. Macroeconomic Perspectives on Stock and Bond Investments in Denmark since the First World War

   • Steen Nielsen, Ole Risager

   Pages 66-105

5. Would the Flat Tax Fall Flat in Denmark?

   • Søren Bo Nielsen, Niels Kleis Frederiksen, David Dreyer Lassen

   Pages 106-133

6. The Danish Tax Reform Act of 1993: Effects on the Macroeconomy and on Intergenerational Welfare

   • Kathrine Lange, Lars Haagen Pedersen, Peter Birch Sørensen

   Pages 134-164

7. Minimum Wage Contracts and Individual Wage Formation: Theory and Evidence from Danish Panel Data

   • Lars Haagen Pedersen, Nina Smith, Peter Stephensen

   Pages 165-192

8. Government Solvency, Social Security and Debt Reduction in Denmark

   • Ninette Pilegaard Hansen, Svend E Hougaard Jensen, Martin Junge

   Pages 193-224

9. Economic Expansions and Fiscal Contractions: International Evidence and the 1982 Danish Stabilization

   • U Michael Bergman, Michael M Hutchison

   Pages 225-263

10. The Macroeconomics of the Welfare state

    • Torben M Andersen, Torben D Schmidt

    Pages 264-293

11. The Welfare State and Economic Incentives

    • Jørgen Søndergaard

    Pages 294-334

12. Effort Commitment in Active Labour Market Policy

    • Claus Thustrup Hansen, Torben Tranæs

    Pages 335-364

13. Back Matter

    Pages 365-376

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An authoritative and comprehensive guide to major economic policy issues in Denmark. Leading Danish and international economists discuss, in comparative context, the Danish economy's performance in the last 40 years, and assess the challenges which Denmark - in common with other small, open economies - faces in the global economy today. Major features include the continuing of academic analysis with policy-making experience and expertise, and the examination of topical issues including the impact of EMU on 'outsider' nations.

• economic policy
• Global economy
• labor market
• macroeconomics

• University of Aarhus, Aarhus, Denmark

  Torben M Andersen

• Ministry of Business and Industry, Copenhagen, Copenhagen, Denmark

  Svend E Hougaard Jensen

• Copenhagen Business School, Copenhagen, Denmark

  Ole Risager

U. MICHAEL BERGMAN Associate Professor, Department of Economics, University of Lund, Sweden NIELS KLEIS FREDEIKSEN Economic Policy Research Unit , University of Copenhagen CLAUS THUSTRUP HANSEN Assistant Professor, Department of Economics, University of Copenhagen, and Research Fellow, Economic Policy Research Unit, University of Copenhagen NINETTE PILEGAARD HANSEN Economist, Computable General Equilibrium Modelling, Statictics Denmark MICHAEL M.HUTCHISON Professor, Department of Economics, University of California at Santa Cruz, and Research Fellow, Economic Policy Research Unit, University of Copenhagen MARTIN JUNGE Research Assistant, Department of Economics, University of Copenhagen KATHRINE LANGE Research Assistant, Economic Policy Research Unit, University of Copenhagen DAVID DREYER LASSEN Research Assistant, Economic Policy Research Unit, University of Copenhagen STEEN NIELSEN Economic Policy Research Unit, University of Copenhagen SOREN BO NIELSEN Research Professor, Economic Unit, University of Copenhagen LARS HAAGEN PEDERSEN Head, Computable General Equilibrium Modelling, Statistics Denmark TORBEN D. SCMIDT Institute of Economics, University of Aarhus NINA SMITH Professor, Department of Economics, Aarhus, School of Business; Research Fellow, Center for Labour Market and Social Studies, University of Aarhus, and Chairman, Council of Economic Advisors, Denmark PETER STEPHENSEN Economist, Computable General Equilibrium Modelling, Statistics Denmark JORGEN SONDERGAARD Director, Danish National Institute of Social Research, Copenhagen PETER BIRCH SORENSEN Professor of Economics, University of Copenhagen; Research Fellow, Economic Policy Research Unit, and Chairman, Council of Economic Advisors, Denmark NIELS THYGESEN Professor, Department of Economics, University of Copenhagen, and Research Fellow, Economic Policy Research Unit, University of Copenhagen TORBEN TRANÆS Associate Professor, Department of Economics, University of Copenhagen and Research Fellow, Economic Policy Research Unit, University of Copenhagen

Policies and ethics