Applying data from 13 waves of the Swiss Labor Force Survey (1991-2003) I assess costs and benefits of fixed-term contracts. First, I analyze the existence of a contract related wage gap and the effort response of temporary employees in terms of unpaid overtime hours. Second, I investigate...

Wagniskapitalfinanzierungen sind ein wichtiges Konstrukt im Gefüge einer Volkswirtschaft. Sie stellen den Teil der Frühphasenfinanzierung des Sektors der Eigenkapitalbeteiligungen dar. Geplante Unternehmensneugründungen sind gerade bei kapitalintensiven Tätigkeiten verstärkt auf...

Vor diesem Hintergrund widmet sich der vorliegende Forschungsbericht dem Management von Reputationsrisiken in Banken. Ziel im Teil A ist es zunächst, Reputationsrisiken zu definieren und deren Bedeutung aufzuzeigen. Im Anschluss daran wird im Teil B dargelegt, in welcher Art und Weise für das...

We dissect the impact of a large and sudden exchange rate appreciation on Swiss border import prices, retail prices, and consumer expenditures on domestic and imported non-durable goods, following the removal of the EUR/CHF floor in January 2015. Cross-sectional variation in border price changes...

Using a simple case study approach. this paper compares the conduct and performance of monetary policy in six Industrialized countries since the breakup of the Bretton Woods system. Our purpose is to develop fruitful hypotheses that might usefully be explored in subsequent, more formal research....

This paper extends previous work on the information in the term structure at longer maturities to other countries besides the United states, using a newly constructed data set for 1 to 5 year interest rates from Britain, West Germany and Switzerland. Even with wide differences in inflation...

Central banks have evolved for close to four centuries. This paper argues that for two centuries central banks caught up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and nineteenth centuries and the Federal Reserve in the twentieth...