The Handbook consists of 24 chapters that cover topics ranging from central bank independence and transparency to the impact of unconventional monetary policies. Some chapters also deal with the modelling challenges faced by central banks as well as balance sheet management. The tensions faced...

From a theoretical perspective, the output gap is probably the most comprehensive and convincing concept to describe the cyclical position of an economy. Unfortunately, for practical purposes, the concept depends on the determination of potential output, which is an inherently unobservable...

This paper presents a composite leading indicator for the Swiss business cycle corresponding to the growth rate cycle concept. It is the result of a complete overhaul of the KOF Economic Barometer that has been published by the KOF Swiss Economic Institute on a monthly basis since 1976. In line...

This paper presents a coincident and a leading composite monthly indicator for the world business cycle - the Global Economic Barometers. Both target the world's output growth rate cycle. The calculation of these indicators comprises two main stages. The first consists of a variable selection...

From a theoretical perspective, the output gap is probably the most comprehensive and convincing concept to describe the cyclical position of an economy. Unfortunately, for practical purposes, the concept depends on the determination of potential output, which is an inherently unobservable...

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 paper presents a new composite leading indicator for the Swiss business cycle corresponding to the growth cycle concept. It is the result of another complete overhaul of the KOF Economic Barometer that has been published by the KOF Swiss Economic Institute on a monthly basis since 1976. In...

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 paper presents a composite leading indicator for the Swiss business cycle corresponding to the growth rate cycle concept. It is the result of a complete overhaul of the KOF Economic Barometer that has been published by the KOF Swiss Economic Institute on a monthly basis since 1976. In line...