Long-run properties of some Danish macroeconometric models: an analytical approach

Søren Harck ()
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Søren Harck: Department of Economics, Aarhus School of Business, Postal: The Aarhus School of Business, Prismet, Silkeborgvej 2, DK 8000 Aarhus C, Denmark, http://asb.dk/staff/nat/soh.aspx?page=%7BCB4754A7-C11B-44B8-AB09-0800DA895542%7D

No 07-9, Working Papers from University of Aarhus, Aarhus School of Business, Department of Economics

Abstract: This paper provides an analytical treatment of various long-run aspects of the MONA model as well as the SMEC model of the Danish economy. More specifically, the analysis lays bare the long-run and steady-state nexus between unemployment and, respectively, inflation and the wage share implied by the wage and price dynamics of these models

Keywords: MONA; SMEC; Employment; Wage share; Inflation; Phillips curve; Error correction (search for similar items in EconPapers)
JEL-codes: E12 E24 E25 E31 (search for similar items in EconPapers)
Date: Written 2007-01-01

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