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This paper traces the effects of an appreciation of the deutsche mark with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate...
Persistent link: https://www.econbiz.de/10014395794
Persistent link: https://www.econbiz.de/10000543705
agreements with the National Bank of Belgium (Belgium) and the Swiss National Bank (Switzerland), effective on August 30, 2017 …. These new borrowing agreements with Belgium and Switzerland provide new resources equivalent to SDR 350 million and SDR 500 …
Persistent link: https://www.econbiz.de/10014408669
Switzerland. It examines the intertemporal consistency between current policy plans and unfunded liabilities, focusing primarily … on social security, and explores policy options. It finds that so far, the impact of aging on the economy has been … the generous disability and pension systems. The paper also examines the need for health care reforms in Switzerland …
Persistent link: https://www.econbiz.de/10014406014
This paper focuses on the observance of standards and codes on fiscal transparency for Switzerland. The assessment …
Persistent link: https://www.econbiz.de/10014410960
This technical note presents an update to the Financial System Stability Assessment (FSSA) on Switzerland. It reveals …
Persistent link: https://www.econbiz.de/10014403123
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 Article IV Consultation reports that Switzerland’s exchange rate floor, seen as credible by the markets, has … halted appreciation and helped shore up the economy. Once growth recovers and inflation reaches more comfortable levels …
Persistent link: https://www.econbiz.de/10014396603
This Selected Issues Paper on Switzerland focuses on unprecedented currency appreciation and policy response. On … experiencing appreciation pressures, but the specific circumstances of Switzerland may not be present elsewhere …
Persistent link: https://www.econbiz.de/10014396606
This Selected Background Issues paper on Switzerland reviews a few monetary and exchange rate issues, including … unusually high levels of saving, Switzerland may be one of the few advanced industrialized countries that strictly fulfills the …
Persistent link: https://www.econbiz.de/10014397181