{
  "title": "Investment Slowdown in Denmark: Diagnosis and Policy Options",
  "publication": "IMF Working Papers, July 12, 2018",
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  "summary": "Total investment in Denmark has experienced a sharp slowdown following the global financial crisis. This slowdown has coincided with a decline in labor productivity and expansion of the current account surplus.",
  "sections": [
    {
      "heading": "Executive summary and stylized facts",
      "content": "- Total investment in Denmark has experienced a sharp slowdown following the global financial crisis.\n- The investment slowdown has coincided with:\n  - a decline in labor productivity.\n  - an expansion of the current account surplus.\n- The paper presents stylized facts summarizing the investment slowdown and follows with an empirical analysis identifying its drivers."
    },
    {
      "heading": "Empirical findings on drivers",
      "content": "- Decline in output contributed to the investment slowdown, consistent with predictions of the accelerator model.\n- Other contributing factors identified:\n  - high leverage.\n  - structural rigidities in product markets."
    },
    {
      "heading": "Analytical framework and scope",
      "content": "- The analysis combines stylized facts and empirical estimation to attribute drivers of the investment slowdown.\n- The accelerator model is explicitly referenced as consistent with the role of output decline."
    },
    {
      "heading": "Subjects and keywords (as provided)",
      "content": "- Subjects: Commodity markets; Financial crises; Financial markets; Global financial crisis of 2008-2009; Gross fixed investment; Labor productivity; National accounts; Private investment; Production.\n- Keywords: accelerator model; Commodity markets; Denmark; Global; Global financial crisis of 2008-2009; Gross fixed investment; IMF staff calculation; investment; investment growth; investment slowdown; Labor productivity; leverage; model; OECD EU country; Private investment; product market reform; structural reforms; WP.\n\n---\n\n Content in this bundle\n\n- Investment Slowdown in Denmark: Diagnosis and Policy Options, WP/18/161, July 2018\n  - Investment Slowdown in Denmark: Diagnosis and Policy Options, WP/18/161, July 2018 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Investment Slowdown in Denmark: Diagnosis and Policy Options, WP/18/161, July 2018 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2018/07/12/investment-slowdown-in-denmark-diagnosis-and-policy-options-46052"
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    "Authors: Tigran Poghosyan",
    "Published: July 12, 2018",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781484367537.001",
    "Total investment in Denmark has experienced a sharp slowdown following the global financial crisis.",
    "The investment slowdown has coincided with:",
    "The paper presents stylized facts summarizing the investment slowdown and follows with an empirical analysis identifying its drivers.",
    "Decline in output contributed to the investment slowdown, consistent with predictions of the accelerator model.",
    "Other contributing factors identified:",
    "The analysis combines stylized facts and empirical estimation to attribute drivers of the investment slowdown.",
    "The accelerator model is explicitly referenced as consistent with the role of output decline.",
    "Subjects: Commodity markets; Financial crises; Financial markets; Global financial crisis of 2008-2009; Gross fixed investment; Labor productivity; National accounts; Private investment; Production.",
    "Keywords: accelerator model; Commodity markets; Denmark; Global; Global financial crisis of 2008-2009; Gross fixed investment; IMF staff calculation; investment; investment growth; investment slowdown; Labor productivity; leverage; model; OECD EU country; Private investment; product market reform; structural reforms; WP.",
    "**Investment Slowdown in Denmark: Diagnosis and Policy Options, WP/18/161, July 2018**"
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