This study uses trade data from Switzerland's Federal Customs Administration to examine the impact of Covid-19 on international goods trade between January and July 2020. We show that Swiss trade during that period fell by 11% compared to 2019 and that the contraction following the "Federal...

In the framework of a Bayesian structural dynamic factor model, we analyze how aggregate shocks affect the full set of production sectors in the Swiss economy. Our approach proves to be useful to cope with the large data set and at the same time allows us to consistently identify fundamental...