A quarterly empirical model for the Danish economy: a stock-flow consistent approach

In this chapter we present a new quarterly model for the danish economy with a focus on the main assumptions underlying the model and the construction of the databank. The purpose of the model is to build a platform for analysing the interdependencies between the real and financial sides of the econ...

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Autores principales: Byrialsen, Mikael Randrup, Raza, Hamid, Valdecantos, Sebastián
Publicado: Edward Elgar Publishing 2024
Acceso en línea:https://nulan.mdp.edu.ar/id/eprint/4313/
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Nulan - Fac.Cs.Económicas (UNMdP) de Universidad Nacional de Mar del Plata (UNMdP)
id I29-R135-4313
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spelling I29-R135-43132025-05-15T13:08:01Z A quarterly empirical model for the Danish economy: a stock-flow consistent approach Byrialsen, Mikael Randrup Raza, Hamid Valdecantos, Sebastián In this chapter we present a new quarterly model for the danish economy with a focus on the main assumptions underlying the model and the construction of the databank. The purpose of the model is to build a platform for analysing the interdependencies between the real and financial sides of the economy in denmark while adopting a stock-flow consistent approach. The model is estimated on quarterly data using danish data for the period 2005–2020. In the final part of the chapter the model is validated against the actual data in two different ways: firstly, by comparing the simulation results with the actual trajectories of the main macroeconomic variables, and secondly, by performing a standard shock to public spending and investigating how the model behaves. The model is able to reproduce the actual dynamics of the key variables of the danish economy in a fairly accurate way, just like the simulations carried out so far also show that the model behaves in line with the underlying economic theory. Edward Elgar Publishing 2024-01-12 https://nulan.mdp.edu.ar/id/eprint/4313/ In Jespersen, Jesper <https://nulan.mdp.edu.ar/view/creators/Jespersen=3AJesper=3A=3A.html>; Olesen, Finn <https://nulan.mdp.edu.ar/view/creators/Olesen=3AFinn=3A=3A.html> y Byrialsen, Mikael R. <https://nulan.mdp.edu.ar/view/creators/Byrialsen=3AMikael_R=2E=3A=3A.html> (Eds.), Post-keynesian economics for the future (pp. 85-106). Cheltenham: Edward Elgar Publishing. ISBN 978-1-0353-0750-0. 10.4337/9781035307517.00013 <https://doi.org/10.4337/9781035307517.00013> Dinamarca info:eu-repo/semantics/altIdentifier/doi/10.4337/9781035307517.00013
institution Universidad Nacional de Mar del Plata (UNMdP)
institution_str I-29
repository_str R-135
collection Nulan - Fac.Cs.Económicas (UNMdP)
description In this chapter we present a new quarterly model for the danish economy with a focus on the main assumptions underlying the model and the construction of the databank. The purpose of the model is to build a platform for analysing the interdependencies between the real and financial sides of the economy in denmark while adopting a stock-flow consistent approach. The model is estimated on quarterly data using danish data for the period 2005–2020. In the final part of the chapter the model is validated against the actual data in two different ways: firstly, by comparing the simulation results with the actual trajectories of the main macroeconomic variables, and secondly, by performing a standard shock to public spending and investigating how the model behaves. The model is able to reproduce the actual dynamics of the key variables of the danish economy in a fairly accurate way, just like the simulations carried out so far also show that the model behaves in line with the underlying economic theory.
author Byrialsen, Mikael Randrup
Raza, Hamid
Valdecantos, Sebastián
spellingShingle Byrialsen, Mikael Randrup
Raza, Hamid
Valdecantos, Sebastián
A quarterly empirical model for the Danish economy: a stock-flow consistent approach
author_facet Byrialsen, Mikael Randrup
Raza, Hamid
Valdecantos, Sebastián
author_sort Byrialsen, Mikael Randrup
title A quarterly empirical model for the Danish economy: a stock-flow consistent approach
title_short A quarterly empirical model for the Danish economy: a stock-flow consistent approach
title_full A quarterly empirical model for the Danish economy: a stock-flow consistent approach
title_fullStr A quarterly empirical model for the Danish economy: a stock-flow consistent approach
title_full_unstemmed A quarterly empirical model for the Danish economy: a stock-flow consistent approach
title_sort quarterly empirical model for the danish economy: a stock-flow consistent approach
publisher Edward Elgar Publishing
publishDate 2024
url https://nulan.mdp.edu.ar/id/eprint/4313/
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