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Macroeconometric policy simulation models allow for an analysis, and, above all, for a quantification of the effects …
Persistent link: https://www.econbiz.de/10010285870
This paper studies the institutional design of the coordination of macroeconomic stabilization policies within a monetary union in the framework of linear quadratic differential games. A central role in the analysis plays the partitioned game approach of the endogenous coalition formation...
Persistent link: https://www.econbiz.de/10010261121
A common political claim is that decentralized governments undermine policy makers' ability to fight fiscal imbalance. This paper examines how different fiscal institutions influence the likelihood of a successful fiscal adjustment. Using a panel of the Swiss cantons from 1981 to 2001, we first...
Persistent link: https://www.econbiz.de/10010264091
The fiscal commons problem is one of the most prominent explanations of excessive spending and indebtedness in political economics. The more fragmented a government, the higher its spending, deficits and debt. In this paper we investigate to what extent this problem can be mitigated by different...
Persistent link: https://www.econbiz.de/10010265723
The fiscal commons problem is one of the most prominent explanations of excessive spending and indebtedness in political economics. The more fragmented a government, the higher its spending, deficits and debt. In this paper we investigate to what extent this problem can be mitigated by different...
Persistent link: https://www.econbiz.de/10010261274
the fiscal policy measures taken in Switzerland. Then we use simulations with the KOF macroeconomic model to assess the … effects on the Swiss economy of a) the Swiss measures on the one hand and b) the fiscal stimulus packages taken by Switzerland … stimulus packages in Switzerland and abroad, we re-run the KOF macroeconometric model counterfactually, modifying the variables …
Persistent link: https://www.econbiz.de/10010277785
Durch Bereitstellung von Krediten tragen Banken zur Transformation von Finanzkapital in Sachkapital bei. Die Kreditvergabepolitik der Schweizer Banken hat sich im vergangenen Vierteljahrhundert stark gewandelt. Basierend auf einem Datensatz (1987-2012) mit bankengruppenspezifischen Bilanzdaten...
Persistent link: https://www.econbiz.de/10011386830
We estimate monetary policy rules in Switzerland for 1981-1997. In addition to an inflation gap, we find that forward …
Persistent link: https://www.econbiz.de/10011430020
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
- can be useful for short-term out-of-sample prediction of year-on-year quarterly real GDP growth rates in Switzerland. We …
Persistent link: https://www.econbiz.de/10010285792