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...

This cumulative dissertation consists of three essays. The first essays with the title ‘‘The Labor Market Effect of Opening the Border: Evidence from Switzerland’’ analyses the effect of opening the labor market for workers from the European Union in Switzerland after 1999. We exploit...