Fig. 8

All-items dynamic DID coefficients for alternative control groups. Notes: DID regression with dynamic lags/leads, as well as country and time fixed effects, following regression 2. Standard errors are clustered at the country level. Coefficients are computed from the HICP monthly all-items consumer price index from January 2013 to December 2015, using post-January 2015 Switzerland as a treatment. The alternative treatment groups are detailed in Table 1. Bands show the 95% confidence interval for each coefficient