| Description |
1 online resource (53 pages) : illustrations (chiefly color) |
| Series |
IMF country reports ; 14/332 |
|
IMF country reports ; 14/332
|
| Contents |
Cover; CONTENTS; HOUSEHOLD DEBT IN DENMARK; A. Danish Household Balance Sheets; FIGURE; 1. Danish Household Balance Sheets; B. What Determines the Level of Household Debt?; BOXES; 1. Danish Pension System; C. Macroeconomic Impact of High Household Debt; D. Policy Options; 2. Measures to Reduce Household Debt in the Netherlands; TABLE; 1. Taxes on Housing; References; POTENTIAL GDP IN DENMARK; A. Differing Estimates Across Institutions; B. Different Methodologies for Estimating Potential Output; C. Benchmarking the Authorities' Estimates; D. Conclusion; FIGURES |
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1. Estimates of Potential Output2. Benchmark Analysis of Output Gap Estimates; ANNEX I:; References; FISCAL MULTIPLIERS IN DENMARK; A. Introduction; B. Literature Review on Multipliers for Denmark; C. Description and Calibration of the GIMF Model; TABLES; 1. Summary of Selected Papers; D. Fiscal Multipliers in Denmark; E. Fiscal Stimulus: Financing Matters; 2. Fiscal Multipliers Based on 1 Percent of GDP Permanent Change in the Budget Balance; F. The August 2014 Budget Outlook in a DSGE Model; 3. Estimated Fiscal Multipliers from Difference Assumed Scenarior; G. Conclusion |
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4. Estimated Growth Impacts from the Planned Discretionary Measures for 2015References; PRODUCTIVITY IN DENMARK; A. Introduction; B. Productivity in Denmark; C. Recommendations of the Productitivy Commission; D. The Government's Response; E. Conclusion; References |
| Summary |
This Selected Issues paper examines the household debt situation in Denmark and factors that have contributed to the high level of household debt in the country. Various factors seem to account for the size of household debt, including large pension assets, a highly developed mortgage market, the availability of flexible mortgage products such as deferred amortization loans, indirect subsidies through tax preferences for home ownership, and a regulated rental market that limits mobility. The paper highlights that high household debt could pose direct risks to financial stability if the number |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from PDF title page (ebrary, viewed February 11, 2015) |
| Subject |
Debt -- Denmark
|
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Economic development -- Denmark
|
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Monetary policy -- Denmark -- History -- 21st century
|
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Debt
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Economic development
|
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Monetary policy
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Denmark
|
| Genre/Form |
History
|
| Form |
Electronic book
|
| ISBN |
9781498353106 |
|
149835310X |
|
