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-sector employment and have helped raise standards of living. However, the growth model has involved costs: the public-sector wage bill … is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or …
Persistent link: https://www.econbiz.de/10014410425
Fiscal deficits and the public debt has grown throughout much of the postwar period in most industrialized countries under the pressure of rising public expenditure, a trend that has begun to reverse after 1992. A number of studies argue that fiscal consolidation in association with expenditure...
Persistent link: https://www.econbiz.de/10014407227
This paper discusses tax and expenditure policy reforms to raise employment. Using data for 58 advanced and emerging …. The focus is on incentives to increase labor demand and supply rather than on the impact of fiscal policy on employment … principles which should guide the design of country-specific fiscal reforms to boost employment. A comprehensive set of tables on …
Persistent link: https://www.econbiz.de/10014410536
The Swiss banking system is characterized by a two-tier structure. The first tier is composed of the two large banks and some smaller banks focused on private banking, all of which have a significant international presence. These banks represent, so to speak, the “international face” of the...
Persistent link: https://www.econbiz.de/10014402196
This technical note presents an update to the Financial System Stability Assessment (FSSA) on Switzerland. It reveals …
Persistent link: https://www.econbiz.de/10014403123
Switzerland was hard hit by the global crisis; however, the 1.5 percent contraction in 2009 compares favorably with …
Persistent link: https://www.econbiz.de/10014403260
For the past quarter century, Switzerland’s real per capita growth rate has been substantially slower than in most … 1997 peak of more than 5 percent. Inflation has edged up from exceptionally low levels. Switzerland’s longstanding current …
Persistent link: https://www.econbiz.de/10014403487
This 2007 Article IV Consultation highlights that Switzerland’s economy is performing well. The expansion moved into … its fourth year with above average growth and employment, and few signs of inflation. This favorable outcome can be traced … profitability is strong, and financial soundness indicators have improved. Economic growth, employment, financial markets, financial …
Persistent link: https://www.econbiz.de/10014404562
This technical note discusses the banking system structure, performance, and medium-term challenges for Switzerland …
Persistent link: https://www.econbiz.de/10014404741
This 2004 Article IV Consultation highlights that there are signs that the economy of Switzerland has started to grow …
Persistent link: https://www.econbiz.de/10014405050