Meanwhile, in Denmark…

Miles Kimball twitted:

At Danmarks Nationalbank, I learned they only care about their exchange rate peg with the euro.

You don´t have to visit them to see that´s true:

Kimball Den_1

Consequently, aggregate demand (NGDP) in Denmark mirrors aggregate demand in the Eurozone:

Kimball Den_2

In answer to Justin: “…set me free why don´t you babe…”


3 thoughts on “Meanwhile, in Denmark…

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