Showing 1 - 10 of 10
In a pioneering attempt we present the R(ecession)-word index for Switzerland. We evaluate its predictive ability of …
Persistent link: https://www.econbiz.de/10010319709
In this study we construct the R(ecession)-word index for Switzerland. To the best of our knowledge, this has never …
Persistent link: https://www.econbiz.de/10013104620
Volk und Stände der Schweiz beschlossen 2001, den absoluten Schuldenstand des Staates im Konjunkturverlauf zu begrenzen … eine gewisse Flexibilität, die die Erfahrungen der Schweiz für eine Reform des Stabilitätspaktes interessant erscheinen …
Persistent link: https://www.econbiz.de/10010285899
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 …
Persistent link: https://www.econbiz.de/10010319719
In this paper we measure the speed at which firms adjust to demand shocks using individual firm data. Identification of shocks is achieved by a combination of quantitative and qualitative judgments on capacity utilisation in micro survey data. A novel feature of our approach is the distinction...
Persistent link: https://www.econbiz.de/10010277760
Forecasting real economic activity poses a considerable challenge not only due to hard-to-predict events like the current financial crisis but also due to the fact that targeted variables often undergo significant revisions after their first publication. In this paper we report the results of a...
Persistent link: https://www.econbiz.de/10010319707
In this paper we develop a business cycle measure that can be shown to have excellent ex-ante forecasting properties for GDP growth. For identifying business cycle movements, we use a semantic approach. We infer nine different states of the economy directly from firms' responses in business...
Persistent link: https://www.econbiz.de/10010285806
rich countries: New Zealand and Switzerland. We briefly discuss Kehoe/Prescott's definition of a great depression … perform sensitivity tests with respect to alternative operationalisations for Switzerland and the U.S. It is shown that with …-performing Switzerland reduces considerably. Yet, this still does not explain the comparatively poor economic growth in Switzerland during …
Persistent link: https://www.econbiz.de/10010285923
We investigate how firms' market power affects the price level. In our small macro-model we show, that firms - in addition to hypothesised structural mark-up pricing power - may take advantage of favourable business cycle fluctuations. The paper provides empirical evidence for both these...
Persistent link: https://www.econbiz.de/10010285941
Persistent link: https://www.econbiz.de/10010285942