Denmark: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2004/240, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for the 2004 Article IV Consultation on Denmark focuses on economic developments and policies. Labor market reforms led to a sustained increase in structural employment, while careful fiscal policy in the context of a clear medium-term sustainability strategy delivered budget surpluses and a steady decline in government debt as a share of GDP. Fiscal policy in Denmark is based on a medium-term strategy to accommodate the pressures from an aging population while maintaining the welfare state without increasing taxes.

Keywords: ISCR; CR; expenditure growth; growth; staff appraisal; reform; product market reform; wage distribution; employment outcome; Lisbon employment objective; Employment; Labor markets; Labor supply; Labor taxes; Global (search for similar items in EconPapers)
Pages: 56
Date: 2004-08-06
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