The paper summarises and advances arguments made earlier by staff members of the Swiss Institute for Business Cycle Research in the current debate over the reasons for growth in Switzerland being weak. It is shown that the assessment of the speed of productivity growth crucially depends on how...

It is customary in the US for the WASP Notion (White Anglo Sax and Protestant) to be bound to the principles and ideals of what the North American nation shall be; Nevertheless, WASP Nation manifestations aren't the sole expression, for indigenous/native nations, such as those from Mexico, Africa,...

Some methods for the evaluation of parameter constancy in cointegrated vector autoregressive (VAR) models are discussed. Two different ways of re-estimating the VAR-model are proposed; one in which all parameters are estimated recursively based upon the likelihood function for the first...

La Doctrina Clinton no fue definida como tal hasta el 26 de febrero de 1999 por el propio Presidente. Pero los principios que la rigieron ya habían sido aplicados por la política exterior “clintoniana” a partir de la intervención humanitaria en Somalia de 1993. Tal política, apodada como...

Aux États-Unis, les années 1990 consacrent la montée en puissance des fonds de capital-risque comme sources de financement pour les entreprises spécialisées dans les technologies de l'information. Plus précisément, les secteurs des logiciels et des communications reçoivent les montants...