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  1. Recent literature on private returns to education considers diversity in the population, heterogeneity in wage gains and self-selection into schooling. This research addresses these issues by analyzing to what...

    Authors: Lionel Perini
    Citation: Swiss Journal of Economics and Statistics 2014 150:BF03399404
  2. Long-run inflation expectations should not respond to economic news if the central bank is seen as credibly committed to stabilising inflation. In this paper we find that since the onset of the global financia...

    Authors: Petra Gerlach-Kristen and Richhild Moessner
    Citation: Swiss Journal of Economics and Statistics 2014 150:BF03399402
  3. International efforts to lower emissions have largely failed, and many now believe we will fail to limit warming to less than 2 degrees Celsius by 2100. In this extended abstract, I discuss whether a wholesale...

    Authors: M. Scott Taylor
    Citation: Swiss Journal of Economics and Statistics 2014 150:BF03399401
  4. The Swiss energy strategy until 2050 envisages ambitious CO2 emission reduction targets along with substantial cutbacks in electricity consumption to establish a low-carbon economy without nuclear energy. Our com...

    Authors: Christoph Böhringer and André Müller
    Citation: Swiss Journal of Economics and Statistics 2014 150:BF03399400
  5. This paper analyzes tax competition when welfare maximizing jurisdictions levy source-based corporate taxes and multinational enterprises choose tax-efficient capital-to-debt ratios. Under separate accounting,...

    Authors: Matthias Wrede
    Citation: Swiss Journal of Economics and Statistics 2013 149:BF03399396
  6. How to deal with the risks associated with nuclear energy is a major policy issue. This paper investigates the effect of an individual’s distance from nuclear power plants on willingness to pay for increased i...

    Authors: Yves Schneider and Peter Zweifel
    Citation: Swiss Journal of Economics and Statistics 2013 149:BF03399395
  7. In 2009 Germany introduced a new fiscal rule in its Basic Law. It stipulates that the federal budget must be (structurally) close to balance from 2016 onwards and does not allow for (structural) budget deficit...

    Authors: Heiko T. Burret and Lars P. Feld
    Citation: Swiss Journal of Economics and Statistics 2013 149:BF03399392
  8. Based on Inman’s (1996) classification of successful fiscal policy rules, we argue that the Stability and Growth Pact suffers from two serious weaknesses: a politicized decision-making process and lack of effecti...

    Authors: Jakob de Haan, Niels Gilbert, Jeroen Hessel and Silvie Verkaart
    Citation: Swiss Journal of Economics and Statistics 2013 149:BF03399389
  9. This paper surveys the recent literature on the links between public debt and economic growth in advanced economies. We find that theoretical models yield ambiguous results. Whether high levels of public debt ...

    Authors: Ugo Panizza and Andrea F. Presbitero
    Citation: Swiss Journal of Economics and Statistics 2013 149:BF03399388
  10. In this paper, institutions are described which are designed to reach sustainability of public finances in the Swiss cantons. These are on the one hand direct popular rights, the fiscal referendum in particula...

    Authors: Gebhard Kirchgässner
    Citation: Swiss Journal of Economics and Statistics 2013 149:BF03399386
  11. This paper describes how the Swiss fiscal rule at federal level has fared since it was introduced in 2003. Generally speaking, the rule has modified the budget process and led to a better implementation of fis...

    Authors: Tobias Beljean and Alain Geier
    Citation: Swiss Journal of Economics and Statistics 2013 149:BF03399384
  12. What drives the output gap? Contrary to standard agnostic statistical approaches, New Keynesian small open economy models allow decomposing the output gap into its shocks and confirm the conventional wisdom th...

    Authors: Stefan Leist
    Citation: Swiss Journal of Economics and Statistics 2013 149:BF03399399
  13. In this paper we use principal components augmented regressions (PCARs), partly in conjunction with model averaging, to determine the variables relevant for economic growth. The use of PCARs allows to effectiv...

    Authors: Jaroslava Hlouskova and Martin Wagner
    Citation: Swiss Journal of Economics and Statistics 2013 149:BF03399398
  14. This paper studies the role of wealth fluctuations for aggregate consumption in Switzerland. In the long-run, wealth is found to have a significant effect on consumption. In the short-run, by contrast, the eff...

    Authors: Frank Schmid
    Citation: Swiss Journal of Economics and Statistics 2013 149:BF03399382
  15. In the last decade, models of rational choice have chimed into the discussion on racial profiling, the use of race in stop and search decisions of the police. The models describe the behavior of motorists and ...

    Authors: Dragan Ilić
    Citation: Swiss Journal of Economics and Statistics 2013 149:BF03399380
  16. The weak rationality principle is not an empirical statement but a heuristic rule for how to proceed in social sciences. It is a necessary ingredient of any ‘understanding’ social science in the Weberian sense...

    Authors: Gebhard Kirchgässner
    Citation: Swiss Journal of Economics and Statistics 2013 149:BF03399379
  17. The paper analyzes the relevance of the three constituent elements of the ‘new firm paradigm’, i.e. ICT, workplace organization and human capital, as determinants of a firm’s provision of training. We concentr...

    Authors: Heinz Hollenstein and Tobias Stucki
    Citation: Swiss Journal of Economics and Statistics 2012 148:BF03399378
  18. This paper analyzes the contribution of youth’s different time allocations to positive behaviors in exchanges. Psychologists highlight that time spent within voluntary organizations fosters positive developmen...

    Authors: Matteo Migheli
    Citation: Swiss Journal of Economics and Statistics 2012 148:BF03399361
  19. This paper estimates the response of consumer prices to a monetary policy shock in Switzerland. We find that there is no evidence of a price puzzle at the aggregate level. This is because our factor-augmented ...

    Authors: Daniel Kaufmann and Sarah Lein
    Citation: Swiss Journal of Economics and Statistics 2012 148:BF03399360
  20. This paper uses Swiss immigration data and two novel instrumental variables to test the channels through which migrants promote trade. Using the immigrant stock in France as well as Swiss visa restrictions as ...

    Authors: Pierre-Louis Vézina
    Citation: Swiss Journal of Economics and Statistics 2012 148:BF03399374
  21. Several empirical studies have suggested that the Bundesbank has pursued inflation targets rather than monetary targets. These studies have been criticized because they do not adequately measure the deviation ...

    Authors: Galina Boeva and Roland Vaubel
    Citation: Swiss Journal of Economics and Statistics 2012 148:BF03399373
  22. In this paper we analyse household holdings of the broad monetary aggregate M3 in the euro area from 1991 until 2010. We develop a nominal model with satisfactory economic and statistical properties. The main ...

    Authors: Franz Seitz and Julian von Landesberger
    Citation: Swiss Journal of Economics and Statistics 2012 148:BF03399372
  23. For the case of Switzerland, this paper endeavours to estimate the empirical extent to which exchange rates are “passed-through” onto import prices. For data covering the 1999 to 2010 period, the results sugge...

    Authors: Nils Herger
    Citation: Swiss Journal of Economics and Statistics 2012 148:BF03399371
  24. In the framework of the revision of the Swiss CO2-Law and in the preparation of the international negotiations that place at the Conference of the Parties to the United Nations Framework Convention on Climate Cha...

    Authors: André Sceia, Juan-Carlos Altamirano-Cabrera, Marc Vielle and Nicolas Weidmann
    Citation: Swiss Journal of Economics and Statistics 2012 148:BF03399370
  25. Decisions on climate change and nuclear policies are likely to have major influences on the future evolution of the Swiss energy system. To understand the implications of selected future policy decisions, we a...

    Authors: Nicolas Weidmann, Ramachandran Kannan and Hal Turton
    Citation: Swiss Journal of Economics and Statistics 2012 148:BF03399368
  26. In this paper we present the regional techno-economic model ETEM, designed for the analysis of regional energy/environment systems and we show how it can be used to explore the possible penetration of new tech...

    Authors: F. Babonneau, A. Haurie, G. J. Tarel and J. Thénié
    Citation: Swiss Journal of Economics and Statistics 2012 148:BF03399367
  27. The Swiss government intends to link the Swiss Emissions Trading System to the EU ETS after 2012. Employing GENESwIS, a dynamic computable general equilibrium (CGE) model of the Swiss economy, we investigate t...

    Authors: Frank Vöhringer
    Citation: Swiss Journal of Economics and Statistics 2012 148:BF03399365
  28. The paper applies a theoretical model with increasing capital varieties to study the impact of energy on growth. It translates a multisectoral framework version to a computable general equilibrium (CGE) model ...

    Authors: Lucas Bretschger and Roger Ramer
    Citation: Swiss Journal of Economics and Statistics 2012 148:BF03399364
  29. The energy demand and supply projections of the Swiss government funded by the Swiss Federal Office of Energy and carried out by a consortium of institutes and consulting companies are based on two types of en...

    Authors: Andrea Herbst, Felipe Toro, Felix Reitze and Eberhard Jochem
    Citation: Swiss Journal of Economics and Statistics 2012 148:BF03399363

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