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The Role of Monetary Aggregates in the Policy Analysis of the Swiss National Bank
Kirchgässner, Gebhard; Wolters, Jürgen - Center for Research in Economics, Management and the … - 2009
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/10008497557
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Konkordanz, Divided Government, und die Möglichkeit von Reformen
Kirchgässner, Gebhard - Center for Research in Economics, Management and the … - 2011
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/10009150963
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Direkte Demokratie
Kirchgässner, Gebhard - Center for Research in Economics, Management and the … - 2010
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/10008462039