We examine the determinants of overeducation in Switzerland - an economy generally characterised by excess qualified labor demand. We define those who are overeducated more precisely, and include in our sample only those who work in occupations relating to their educational background. Failing...

This paper examines the macroeconomic effects of an oil price shock in a small open industrial economy without oil resources, namely, Switzerland. First, we test whether oil price shocks Granger-cause Swiss macroeconomic variables, and use a medium-scale macroeconometric model to track the...

In their introduction to the special issue of the Review of Economic Dynamics on "Great Depressions of the 20th Century" (Vol. 5, 2002), Timothy J. Kehoe and Edward C. Prescott argue that in the last few years "great depressions" have hit two rich countries: New Zealand and Switzerland. We...

Die Erderwärmung gefährdet global die gewohnte Lebensweise vieler Menschen. Es liegt deshalb in unserem ureigensten Interesse, sie auf deutlich unter 2° C zu begrenzen. Statt der heute verbreiteten Symbolpolitik braucht es eine wirkungsvolle Klimapolitik. In einer umfangreichen Studie zeigt...