The DREAM group is an independent governmental institution which conducts a variety of statistical and descriptive analyses of the Danish economy. Its core task is to undertake long run analysis of the Danish economy.
About the DREAM group
The DREAM Group provides research based analyses of the Danish economy. Our analyses cover issues from most of the core areas of the economy: Macroeconomics, fiscal sustainability, demographics, education, climate and energy, the housing market, the labour market, pensions, etc. The analyses are used by ministries, commissions, NGOs, think tanks, etc.
About our toolbox
DREAM employs 15-17 professional economists. We maintain and develop a set of tools used for analysis of the Danish economy:
- DREAM-model-system: The so called DREAM-model-system consists of projections of population, education and labor supply, which feed into the computable general equilibrium dynamic macroeconomic model (the DREAM model) which is calibrated to the Danish economy. These different components allow the DREAM group to perform economic analysis, with a particular emphasis on investigating the public finance sustainability of economic policy.
- Other economic models: The DREAM group has also developed both a static general equilibrium model, the REFORM model, and a dynamic micro-simulation model, the SMILE model. The core focus of the REFORM model is the input-output structure of the Danish economy and is used to evaluate the impact of productivity and competition characteristics of the different sectors and the impact of tax policy on inter-sector activity and on the aggregate economy. The core focus of the microsimulation model SMILE is to evaluate distributional impacts across regions and population groups of public policy changes.
- Economic models under development:
MAKRO: DREAM is developing the new macroeconomic model MAKRO for the Ministry of Finance of Denmark. The MAKRO model’s purpose is to project and forecast the Danish economy in the medium to long term as well as to evaluate effects of economic policy.
GreenREFORM: DREAM is in the process of developing a new environmental and climate-economic model for the Danish economy. The baseline simulation should provide a comprehensive assessment of how future economic development is expected to affect the environment and climate. Further, the baseline simulation should assess whether this development is compatible with the political goals within these areas.
The DREAM group is an independent semi-governmental institution which conducts a variety of statistical and descriptive analyses of the Danish economy.
DREAM's core task is to undertake long run analysis of the Danish economy with an emphasis on the relationship between the public and private sectors.
DREAM is a non-profit organisation and is mainly funded by a financial contribution from the Danish Ministry of Finance. Revenue from research and analysis carried out on behalf of various clients also contributes to DREAM's funding. DREAM's customers include ministries, NGOs, think-tanks, etc.
DREAM sells the economic model in subscription where the subscriber receives DREAM's baseline projection of the long-term development in the Danish economy. Furthermore, the subscriber has the opportunity to analyze alternative economic developments in scenarios of his/her choice. As user-paid tasks DREAM also performs analyses of economic issues on demand.
The Board is the highest authority of DREAM. The Board determine guidelines for DREAM's organisation, long-term activities, and development. Further, the Board is responsible for DREAM's budget and accounts.
The Board appoints DREAM´s research director, who is in charge of the daily management and responsible for activities being carried out in accordance with good practice and in a professional manner.