From: A neoclassical perspective on Switzerland’s 1990s stagnation
\({\varvec{\Phi }}^{\varvec{Y}}_{{\varvec{A}}}\) | \({\varvec{\Phi }}^{\varvec{Y}}_{{\varvec{L}}}\) | \({\varvec{\Phi }}^{\varvec{Y}}_{{\varvec{X}}}\) | \({\varvec{\Phi}} ^{\varvec{Y}}_{{\varvec{G}}}\) | |
---|---|---|---|---|
1980Q1–1986Q4 | ||||
1980Q1–1981Q3 (pre-recession) | 0.63 | 0.11 | 0.06 | 0.20 |
1981Q4–1982Q4 (recession) | 0.97 | 0.01 | 0.01 | 0.01 |
1983Q3–1986Q4 (follow-up) | 0.83 | 0.03 | 0.04 | 0.10 |
1999Q1–2007Q2 | ||||
1999Q1–2000Q4 (pre-recession) | 0.61 | 0.10 | 0.10 | 0.19 |
2001Q1–2003Q2 (recession) | 0.75 | 0.11 | 0.10 | 0.04 |
2003Q3–2007Q2 (follow-up) | 0.50 | 0.11 | 0.14 | 0.25 |
2005Q1–2013Q2 | ||||
2005Q1–2008Q2 (pre-recession) | 0.79 | 0.07 | 0.06 | 0.08 |
2008Q3–2009Q2 (recession) | 0.90 | 0.03 | 0.04 | 0.03 |
2009Q3–2013Q2 (follow-up) | 0.35 | 0.32 | 0.18 | 0.14 |