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Persistent link: https://www.econbiz.de/10010495747
Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale DSGE model which has been estimated based on state-of-the-art Bayesian methods. The model for the Swiss economy is an expanded...
Persistent link: https://www.econbiz.de/10012819094
Fabian Schnell develops a model indicating that by keeping real interest rates too low, monetary policy can distort the allocation of resources across firms and potentially delay economic recovery after a recession. This is a new channel of monetary policy that is especially relevant in view of...
Persistent link: https://www.econbiz.de/10012402085
Kanäle beeinflusst die Geldpolitik relevante Wirtschaftsgrößen wie die Inflation oder die Konjunkturlage? Warum ist es … der Wirtschaft Geldpolitische Instrumente Lang- und kurzfristige Effekte der Geldpolitik Die Unabhängigkeit der …
Persistent link: https://www.econbiz.de/10014017761
Persistent link: https://www.econbiz.de/10014423836
This paper analyzes a recent ballot in which two virtually identical popular initiatives, both demanding a decrease in the legal age of retirement in Switzerland, led to differences in approval rates of nearly seven percentage points. Based on this unique natural experiment, the existence of...
Persistent link: https://www.econbiz.de/10010264086
A common political claim is that decentralized governments undermine policy makers' ability to fight fiscal imbalance. This paper examines how different fiscal institutions influence the likelihood of a successful fiscal adjustment. Using a panel of the Swiss cantons from 1981 to 2001, we first...
Persistent link: https://www.econbiz.de/10010264091
This study empirically analyses on the basis of a panel of grant requests to the Swiss National Science Foundation (SNSF. From the results it can be concluded, that the different scientific disciplines react in very different ways to the institutional and financial framework conditions set by...
Persistent link: https://www.econbiz.de/10010264096
This paper examines the role of religious denomination for human capital formation. We employ a unique data set which covers, inter alia, information on numerous measures of school inputs in 169 Swiss districts for the years 1871/72, 1881/82 and 1894/95, marks from pedagogical examinations of...
Persistent link: https://www.econbiz.de/10010264348
For the first time it has been made possible to merge a German and a Swiss firm-level data set that include detailed information about costs and benefits of apprenticeship training. Previous analyzes based only on aggregate data showed that the net costs of training apprentices are substantial...
Persistent link: https://www.econbiz.de/10010264352