Monetary policy is a primary lever for stimulating consumption and economic growth. However, when central banks hit their limits—whether it’s the lower bound on interest rates, political constraints, or other barriers—fiscal policy must often assume a greater role. But how much fiscal stimulus is needed to offset reduced monetary accommodation? In new research (link), co-authors […]| Rangvid’s Blog
Even Denmark’s top-notch pension system can be improved. The backbone of the system—that you work one extra year for every extra year you’re expected to live—means future generations will spend a considerably smaller share of their adult lives in retirement than current generations. This is not inter-generationally fair. Also, keeping pension contribution rates the same […]| Rangvid’s Blog
The Danish parliament recently decided to raise the retirement age in Denmark to 70, effective from 2040. This decision attracted significant international attention. In this post, I will explain why the decision was made, the benefits it offers, and why, overall, the Danish pension system is strong—arguably among the best in the world. That said, it is not without its challenges. In my next post, I will explore the issues facing the Danish system and discuss potential solutions.| Rangvid’s Blog