Towards the end of 2009, the world economy was recovering from its deepest recession since the end of World War II. Most countries around the world took resort to fiscal policy in order to foster this recovery. In this paper, we first discuss the pros and cons of discretionary fiscal policy from...

This text contains the autumn forecast 2014 of the KOF Swiss Economic Institute at ETH Zurich, released on 29 October 2014. The first part discusses recent economic developments in Switzerland and abroad, and presents the main forecast results across the various sectors of the economy....

: This text contains the winter forecast 2014 of the KOF Swiss Economic Institute at ETH Zurich, released on 17 December 2014. We present the recent economic developments in Switzerland and abroad, and discusses the main forecast results in the various sectors of the economy. We expect the Swiss...

This text presents the economic forecast presented by the KOF Swiss Economic Institute at ETH Zurich on 28 March 2014. After an introduction describing the starting points and crucial assumptions underlying the forecast, we summarise the key results for Switzerland. Then we turn to the...

This text presents the economic forecast released by the KOF Swiss Economic Institute at ETH Zurich on 13 June 2014. After an introduction describing the starting points and crucial assumptions underlying the forecast, we summarise the key results for Switzerland. Then we turn to the...

In the aftermath of the euro cash changeover consumers’ inflation perceptions rose substantially in the euro area countries while actual inflation figures remained almost unchanged. During that period media reporting on the potentially large inflationary effect of the euro introduction...

During the 2008/2009 recession, most countries resorted to discretionary fiscal policy measures. In this paper, we run two simulations with the KOF Swiss Economic Institute’s macroeconomic model to assess how both the Swiss stimulus measures, and the measures taken by Switzerland’s major...

This text presents the economic forecast conducted by the KOF Swiss Economic Institute at the ETH Zurich as published on 26 March 2013. After an introduction describing the current situation and crucial assumptions underlying the forecast, we summarise the key results for Switzerland. Then we...

This text presents the economic forecast conducted by the KOF Swiss Economic Institute at the ETH Zurich as published on 26 March 2013. After an introduction describing the current situation and crucial assumptions underlying the forecast, we summarise the key results for Switzerland. Then we...