Showing 1 - 10 of 159
The paper addresses the question on what is the typical time horizon over which a full transmission of movements in the real exchange rate into real economy takes place. To this end, we base our analysis on the mixed-frequency small-scale dynamic factor model of Siliverstovs (2012) fitted to the...
Persistent link: https://www.econbiz.de/10010482019
A sudden change in monetary policy happened in Switzerland on January 15th, 2015. The Swiss National Bank removed a …
Persistent link: https://www.econbiz.de/10011413367
This paper studies the effects of a change in the Swiss franc/euro exchange rate floor, as introduced by the Swiss National Bank in September 2011 using a survey based impulse responses analysis. Survey based impulse responses incorporate experimental settings into representative firm surveys,...
Persistent link: https://www.econbiz.de/10010471763
This paper analyses how exchange rate shocks are transmitted at the firm level and establishes a nexus to firm-level export activity. Using precise survey data from a sample of Swiss firms, I find that an appreciation increases the probability of a decrease in firm-level costs, prices and...
Persistent link: https://www.econbiz.de/10009708078
We estimate a multivariate unobserved components-stochastic volatility model to explain the dynamics of a panel of six exchange rates against the US Dollar. The empirical model is based on the assumption that both countries' monetary policy strategies may be well described by Taylor rules with a...
Persistent link: https://www.econbiz.de/10011326550
We investigate the impact of the European Central Bank's monetary policy announcements on the level and volatility of the EUR-US Dollar exchange rate employing an AR-FIGARCH specification. Using high-frequency data we estimate the individual and complementary effects of the release of the...
Persistent link: https://www.econbiz.de/10003763600
) system in Switzerland, which has recently received substantial attention across Europe. We argue that, holding everything … approach to test whether growing knowledge of the education system increases the social status of dual VET in Switzerland. Our … stay in Switzerland, thus reflecting their learning process about the Swiss education system. …
Persistent link: https://www.econbiz.de/10011437642
While Switzerland's recent growth of employment was high in historical and international perspective, the reasons for … consequence of the "miracle", but also an important cause, as it created additional jobs in Switzerland by raising local demand …
Persistent link: https://www.econbiz.de/10010438923
This paper examines the effect of local political decision-making institutions (i.e., direct democracy vs. representative democracy) on citizens' preferences toward public spending. Exogenous variation in institutions comes from a regression discontinuity design, which exploits a discrete change...
Persistent link: https://www.econbiz.de/10011977357
This paper analyses how the social status of vocational education and training (VET) in Switzerland has changed over … higher for women than for men, in rural than in urban areas, and for students with a parent born in Switzerland than for … find that the social status of VET is higher in the French- and Italian-speaking parts of Switzerland than in the German …
Persistent link: https://www.econbiz.de/10011977379