Scholars

Svend E. Hougaard Jensen

Non-resident Fellow

Expertise: Economics of changing demograhics, Design and evaluation of pension systems, Fiscal governance, Financial stability.

Svend E. Hougaard Jensen is a Non-Resident Fellow at Bruegel. He is also a Professor of Economics at the Department of Economics at Copenhagen Business School (CBS), Director of the Pension Research Centre (PeRCent) at CBS, and a Member of the Systemic Risk Council in Denmark. From 2017-2021, Svend was Chairman of Bruegel’s Scientific Council.

Svend holds an MSc in Economics from the University of Aarhus, an MA in Economics from the University of Manchester, and a PhD in Economics from the London Business School.

Svend’s research has focused on generational and macroeconomic effects of changing demographics; public and private pensions; monetary unification and fiscal policy in Europe; sustainability and management of public debt; structural reforms; and macroeconomic policy in general.

He has published numerous articles in learned journals and books. He has also written or edited several books, including Fiscal Aspects of European Monetary Integration (CUP), Macroeconomic Perspectives on the Danish Economy (Macmillan), Using Dynamic General Equilibrium Models for Policy Analysis (North-Holland), Uncertain Demographics and Fiscal Sustainability (CUP), Reform Capacity and Macroeconomic Performance in the Nordic Countries (OUP), and The Danish Pension System: Design, Performance and Challenges (OUP, to appear).

Svend has contributed to many agency and government reports, and he has served as a consultant to the World Bank and the European Commission. He also regularly writes op-ed articles published by newspapers and magazines.

Homepage:  https://sf.cbs.dk/shj/

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Policy Contribution

Should Denmark and Sweden join the banking Union?

Though outside the euro area, Denmark and Sweden could benefit from joining the European Union’s banking union. It would provide protection in case of any need to resolve at national level a large bank with a Scandinavian footprint, and would mark a choice in favour of more cross-border banking. But joining the banking union would also involve some loss of decision-making power.

By: Dirk Schoenmaker, Svend E. Hougaard Jensen and alihan Topic: Banking and capital markets Date: June 24, 2020