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...

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...

Increased longevity means that current structures for employment and retirement in Switzerland are not sustainable. To enable individuals and companies to thrive in our ageing society, changes in our social norms and attitudes about work and ageing need to occur. Philippa Dengler examines what...

Theoretischer Teil -- Beschreibung von Porters Konzept -- Kritische Betrachtung und Präzisierung von Porters Konzept -- Kritische Auseinandersetzung mit der bisherigen Literatur -- Empirischer Teil -- Studiendesign -- Beurteilung der Datenqualität -- Ergebnisse der empirischen Untersuchung --...