Assessing the Macroeconomic Effects of COVID-19 in an Empirical SFC Model for Denmark

Resurgence of Inflation: Assessing the Role of Macroeconomic Policies

“…It is important to highlight that we are only creating the post-Covid inflationary environment and not the Covidcrisis per se. The shocks faced by the Danish economy during the Covid-19 crisis are explicitly discussed in an SFC model byByrialsen and Raza (2021).24 Since, our model sample ends before the covid-19 crisis, we introduce these shocks in 2014 because the economy was growing at a steady rate, along the lines of what could be called a "long-term equilibrium".…”