Chen, Jiaqian, and Francesco Columba, 2016, “Macroprudential and Monetary Policy Interactions in a DSGE Model for Sweden,” IMF Working Paper WP/16/74 (Washington: International Monetary Fund).
Pedersen, Jesper and Ravn, Soren Hove, 2013, “What Drives the Business Cycle in a Small Open Economy? Evidence from an Estimated DSGE Model of the Danish Economy,” Danmarks Nationalbank Working Paper No. 88.
Prepared by Jiaqian Chen.
High debt households are defined as families whose total debt exceed the value of their home and constitutes at least four times their annual gross income.
The tax value of capital income exceeding DKr 50,000 per person is gradually reduced by 1 percentage point a year until 2019 to a rate of 25.6 percent.