In a pioneering attempt we present the R(ecession)-word index for Switzerland. We evaluate its predictive ability of …

In this study we construct the R(ecession)-word index for Switzerland. To the best of our knowledge, this has never …

constructed for Germany and Switzerland. We use these indices in order to track the business cycle dynamics in these two countries … Switzerland. Third, we show that the RWI-based forecasts are more accurate than the consensus forecasts (published by Consensus … Economics Inc.) for Switzerland, whereas we reach the opposite conclusion for Germany. In fact, the accuracy of the consensus …

In Switzerland a sudden policy uncertainty shock happened in February 2014 with the close and largely unexpected … acceptance of a referendum aiming at limiting free movement of persons. The referendum requires Switzerland to reintroduce annual … important agreements between Switzerland and the European Union, and reduced expected future domestic demand for firms. This …