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We estimate the ratio of private wealth to national income, βpt, for Switzerland over the period 1900-2018. Our results … indicate that the development of βpt in Switzerland did not follow a U-shaped pattern as in most European countries, but that …
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Macroeconometric policy simulation models allow for an analysis, and, above all, for a quantification of the effects different economic policies have on the various variables that represent the economy. Despite the seminal Lucas critique levelled against them, these models are still widely used,...
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