Most recent Working Papers
Working Papers present research work by both Danmarks Nationalbank’s employees and our partners. Working Papers are primarily targeted at professionals and people with an interest in central banking research as well as economics and finance in a broader sense.
Working Paper: Monetary policy transmission in Denmark
Contractionary monetary policy by the European Central Bank significantly reduces both activity and inflation in Denmark. We show this by providing estimates of the transmission of monetary policy shocks, utilizing high-frequency responses of asset prices during policy announcements.