Abstract: The COVID-19 pandemic has tossed the world into a state of uncertainty, not only from a health point of view but also from an economic perspective. Most countries have adopted a strategy of strict lockdowns, leading to a fall in production and a rise in unemployment. From an economic perspective, this lockdown has erupted in supply-and-demand shocks in the economy. In order to investigate the potential impact of these shocks, we develop a post-Keynesian empirical Stock-Flow Consistent (SFC) model for Denmark. The impact of these shocks is analy...
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Topics: 
Macroeconomics
Monetary economics