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imported and domestic goods, on which there is scant evidence. Using data from Switzerland surrounding the 2015 appreciation of …
Persistent link: https://www.econbiz.de/10012938726
; Switzerland does rebalance its very large reserves, so that changes in exchange rates do not move its currency allocation. Our …
Persistent link: https://www.econbiz.de/10012616637
We study a reform that granted European cross-border workers free access to the Swiss labor market and had a stronger effect on regions close to the border. The greater availability of cross-border workers increased foreign employment substantially. Although many cross-border workers were highly...
Persistent link: https://www.econbiz.de/10012480953
We exploit a unique Swiss reform to identify the importance of passivity, claiming social security benefits at the Full Retirement Age (FRA). Sharp discontinuities generated by the reform reveal that raising the FRA while imposing small early claiming penalties significantly delays pension...
Persistent link: https://www.econbiz.de/10012481469
past, now only three retain them, with only Switzerland raising a comparable fraction of revenue as recent proposals for a …
Persistent link: https://www.econbiz.de/10012482369
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...
Persistent link: https://www.econbiz.de/10012482622
Switzerland offers a unique opportunity to study price competition in health insurance markets. Switzerland regulates health …The United States and other nations rely on consumer choice and price competition among competing health plans to … insurance markets with the aim of minimizing adverse selection and encouraging strong price competition. We examine consumer …
Persistent link: https://www.econbiz.de/10012464830
International trade is frequently thought of as a production technology in which the inputs are exports and the outputs are imports. Exports are transformed into imports at the rate of the price of exports relative to the price of imports: the reciprocal of the terms of trade. Cast this way, a...
Persistent link: https://www.econbiz.de/10012465543
In this paper we examine the experience of Switzerland's devaluation in 1936. The Swiss case is of interest because … Switzerland was a key member of the gold bloc, and much of the modern academic literature on the Great Depression tries to explain … why Switzerland and the other gold bloc countries, France, and the Netherlands, remained on the gold standard until the …
Persistent link: https://www.econbiz.de/10012466174
I estimate two factor models of Swiss exchange rates during the FirstWorldWar. I have data for five of the primary belligerents: Britain, France, Italy, Germany, and Austria-Hungary. At the outbreak of the war, these nations suspended convertibility of their currencies into gold with the promise...
Persistent link: https://www.econbiz.de/10012469448