In Switzerland a sudden policy uncertainty shock happened in February 2014 with the close and largely unexpected … acceptance of a referendum aiming at limiting free movement of persons. The referendum requires Switzerland to reintroduce annual … important agreements between Switzerland and the European Union, and reduced expected future domestic demand for firms. This …

This paper quantifies empirically the macroeconomic and financial effects of climate policy risk in Switzerland. To do … the pricing of climate transition risk in Switzerland … so, we develop a new index of Climate Policy Risk (CPR) using text-analysis techniques on a large dataset of Swiss media …