Government Solvency, Social Security and Debt Reduction in Denmark

Ninette Pilegaard Hansen, Svend E Hougaard Jensen and Martin Junge

Chapter 7 in Macroeconomic Perspectives on the Danish Economy, 1999, pp 193-224 from Palgrave Macmillan

Abstract: Abstract From a macroeconomic perspective, the Danish economy has performed very well in recent years. After a long period of recession, the rate of economic growth since 1993 has been relatively high, the unemployment rate has fallen and no significant wage–price pressure has been evident. The discretionary impact of fiscal policy has on the whole been neutral – with the period 1993–5 being a possible exception, as a result of the so-called fiscal ‘kick start’ – so the upturn has mainly been driven by non-government demand. Also the track record of public finances has been good: the ratio of public debt–GDP has fallen considerably, and the budget turned into surplus in 1997. If it so wished, Denmark could join EMU by 1999.

Keywords: Real Interest Rate; Public Debt; Debt Ratio; Government Debt; Initial Steady State (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50103-4_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230501034

DOI: 10.1057/9780230501034_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().