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Using Swiss data from 1983 to 2008, this paper investigates whether growth rates of the different measures of the quantity of money and or excess money can be used to forecast inflation. After a preliminary data analysis, money demand relations are specified, estimated and tested. Then,...
Persistent link: https://www.econbiz.de/10012168341
The current debt crisis in many OECD countries calls for adequate strategies in budget consolidation. To regain fiscal solvency many governments base their fiscal adjustments at least partly on spending cuts. A common political claim is that spending cuts rely too much on investment thereby...
Persistent link: https://www.econbiz.de/10012168358
In Switzerland, political concordance or direct popular rights and the resulting consociational democracy are often … held responsible for delay or even cancellation of necessary political reforms. Switzerland is, however, not the only … institutional preconditions for successful political reforms before the situations in Switzerland and Germany are discussed more …
Persistent link: https://www.econbiz.de/10012168381