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  1. Content type: OriginalPaper

    In December 1999 the Swiss National Bank (SNB) abandoned monetary targeting and introduced a new monetary policy strategy. The cornerstones of the new framework are an explicit definition of what the SNB consi...

    Authors: Thomas J. Jordan, Michel Peytrignet and Enzo Rossi

    Citation: Swiss Journal of Economics and Statistics 2010 146:BF03399293

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  2. Content type: OriginalPaper

    We examine the role of global and country-specific factors for the Swiss franc exchange rate in the period 1990–2009. Simple asset pricing theory would predict that exchange rates reflect relative movements in...

    Authors: Mathias Hoffmann and Rahel Suter

    Citation: Swiss Journal of Economics and Statistics 2010 146:BF03399313

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  3. Content type: OriginalPaper

    The output gap plays an important role in the assessment and conduct of monetary policy. Most of the current literature, however, relies on filtering procedures which use ad hoc smoothness arguments for identi...

    Authors: Stefan Leist and Klaus Neusser

    Citation: Swiss Journal of Economics and Statistics 2010 146:BF03399307

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  4. Content type: OriginalPaper

    This paper investigates the impact of the monetary policy change of the Swiss National Bank (SNB) in 1999 on the Swiss labor market on the basis of a Phillips relationship. Theoretical considerations as well a...

    Authors: Peter Kugler and George Sheldon

    Citation: Swiss Journal of Economics and Statistics 2010 146:BF03399301

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  5. Content type: OriginalPaper

    The maturity of the operational target of monetary policy is a distinguishing feature of the SNB’s operational framework of monetary policy. While most central banks use targets for the overnight rate to signa...

    Authors: Puriya Abbassi, Dieter Nautz and Christian J. Offermanns

    Citation: Swiss Journal of Economics and Statistics 2010 146:BF03399310

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  6. Content type: OriginalPaper

    Using Swiss data from 1983 to 2008, this paper investigates whether growth rates of the different measures of the quantity of money and or excess money can be used to forecast inflation. After a preliminary da...

    Authors: Gebhard Kirchgässner and Jürgen Wolters

    Citation: Swiss Journal of Economics and Statistics 2010 146:BF03399304

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  7. Content type: OriginalPaper

    In January 2000 the Swiss National Bank adopted a new monetary policy framework incorporating a price stability objective defined as (any rate of) CPI inflation below 2 percent. We contrast this framework with...

    Authors: Hans Genberg and Stefan Gerlach

    Citation: Swiss Journal of Economics and Statistics 2010 146:BF03399299

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  8. Content type: OriginalPaper

    An affine yield curve model is estimated on daily Swiss data 2002–2009. The market price of risk is modelled in terms of proxies for uncertainty, which are estimated from interest rate options. The estimated m...

    Authors: Paul Söderlind

    Citation: Swiss Journal of Economics and Statistics 2010 146:BF03399316

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  9. Content type: OriginalPaper

    In this paper, I introduce a trade-promoting ‘invisible asset’ into the standard Krugman (1980) model of international trade. It can be interpreted as trust that accumulates as an externality in proportion to suc...

    Authors: Benjamin Jung

    Citation: Swiss Journal of Economics and Statistics 2009 145:BF03399289

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  10. Content type: OriginalPaper

    This article challenges the view that a lack of competition and a high level of regulations are the main causes of Switzerland’s high prices. First, we point out a number of stylized facts which are inconsiste...

    Authors: Christoph Sax and Rolf Weder

    Citation: Swiss Journal of Economics and Statistics 2009 145:BF03399292

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  11. Content type: OriginalPaper

    We examine the impact of transnational terrorism diffusion on security and international trade. To counter the diffusion of transnational terrorism, targeted governments implement security measures against cou...

    Authors: José de Sousa, Daniel Mirza and Thierry Verdier

    Citation: Swiss Journal of Economics and Statistics 2009 145:BF03399291

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  12. Content type: OriginalPaper

    In comparing the impact of corporate taxation and social insurance on foreign direct investment (FDI) and unemployment, the paper derives four main results: (i) the optimal size of the welfare state depends on...

    Authors: Christian Keuschnigg

    Citation: Swiss Journal of Economics and Statistics 2009 145:BF03399290

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  13. Content type: OriginalPaper

    This paper presents estimates of the aggregate net (wealth) capital stock and aggregate capital services for Switzerland. We derive these estimates in a consistent manner using the perpetual inventory method. ...

    Authors: Barbara Rudolf and Mathias Zurlinden

    Citation: Swiss Journal of Economics and Statistics 2009 145:BF03399275

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  14. Content type: OriginalPaper

    Using a Switzerland-specific Carhart model, we study the risk-adjusted performance of actively and passively managed mutual funds investing in Swiss stocks from 1989 to 2007. We also compare the performance of...

    Authors: Manuel Ammann and Michael Steiner

    Citation: Swiss Journal of Economics and Statistics 2009 145:BF03399273

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  15. Content type: OriginalPaper

    This article analyzes the welfare effects of multilateral versus bilateral trade liberalization between Switzerland and the EU in the meat sector. A multi-market multi-region partial equilibrium model is used....

    Authors: Isabelle Schluep Campo and Robert Jörin

    Citation: Swiss Journal of Economics and Statistics 2009 145:BF03399276

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  16. Content type: OriginalPaper

    Endowment with infrastructure, human and cultural capital is highly significant for regional economic performance. After clustering the regions, this hypothesis is tested for Austrian, German and Swiss NUTS 3 ...

    Authors: Dirk Fornahl, Axel Schaffer and Jochen Siegele

    Citation: Swiss Journal of Economics and Statistics 2009 145:BF03399279

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  17. Content type: OriginalPaper

    The consumer price index (CPI) is usually computed as a fixed-weighted Laspeyres price index, with the weights updated at discrete intervals only. It is well known that the Laspeyres functional form entails a ...

    Authors: W. Erwin Diewert, Marco Huwiler and Ulrich Kohli

    Citation: Swiss Journal of Economics and Statistics 2009 145:BF03399277

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  18. Content type: OriginalPaper

    This paper estimates the marginal cost of saving a life using age- and gender-specific health care expenditures and mortality rates of the 26 Swiss cantons for the period 1997 to 2006. It shows almost triple t...

    Authors: Stefan Felder and Andreas Werblow

    Citation: Swiss Journal of Economics and Statistics 2009 145:BF03399278

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  19. Content type: OriginalPaper

    We evaluate a randomized experiment of a statistical support system developed to assist caseworkers in Swiss employment offices in choosing appropriate active labour market programmes for their unemployed clie...

    Authors: Stefanie Behncke, Markus Frölich and Michael Lechner

    Citation: Swiss Journal of Economics and Statistics 2009 145:BF03399281

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  20. Content type: OriginalPaper

    Repurchase agreements (repos) are secured money market transactions. The cash taker provides collateral in the form of securities and in return receives money from the cash provider. To ensure the continuous c...

    Authors: Sébastien Kraenzlin

    Citation: Swiss Journal of Economics and Statistics 2009 145:BF03399284

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  21. Content type: OriginalPaper

    The Geneva and Zurich housing markets are characterised by high proportions of foreigners and a large share of rental housing. This provides ideal conditions for testing whether foreigners pay more for the sam...

    Authors: Andrea Baranzini, Caroline Schaerer, José V. Ramirez and Philippe Thalmann

    Citation: Swiss Journal of Economics and Statistics 2008 144:BF03399272

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  22. Content type: OriginalPaper

    Market segmentation is an important issue when estimating the implicit price for an environmental amenity from a surrogate market like property. This paper tests the hypothesis of a segmentation of the housing...

    Authors: Nils Soguel, Marc-Jean Martin and Alexandre Tangerini

    Citation: Swiss Journal of Economics and Statistics 2008 144:BF03399270

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  23. Content type: OriginalPaper

    The measurement of house price movements is a vital topic from both academic and practical perspectives and hence has been the focus of much research. There is almost unanimous consensus in the literature that...

    Authors: Steven C. Bourassa, Martin Hoesli, Donato Scognamiglio and Philippe Sormani

    Citation: Swiss Journal of Economics and Statistics 2008 144:BF03399266

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Affiliated with

  •                Swiss Society of Economics and Statistics

    The Swiss Journal of Economics and Statistics is published in collaboration with the Swiss Society of Economics and Statistics. The journal is fully sponsored by the SSES so authors are not required to pay an article processing charge

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