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Sectoral Growth Effects of Energy Policies in an Increasing-Varieties Model of the Swiss Economy
Springer Science and Business Media LLC - Tập 148 - Trang 137-166 - 2012
Lucas Bretschger, Roger Ramer
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 of the Swiss economy. We study the impacts of a policy aiming at enabling the economy to reach the longterm target of a 2000-Watt-society, implying a substantial reduction of the energy input...... hiện toàn bộ
The ‘new firm paradigm’ and the provision of training: The impact of ICT, workplace organization and human capital
Springer Science and Business Media LLC - Tập 148 - Trang 557-595 - 2012
Heinz Hollenstein, Tobias Stucki
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 concentrate on apprenticeship training, which in German-speaking countries is a widespread practice of skill formation. Econometric studies dealing with a firm’s provision of apprenticeships so far d...... hiện toàn bộ
Swiss DRGs: Patient Heterogeneity and Hospital Payments
Springer Science and Business Media LLC - Tập 144 - Trang 309-322 - 2008
Michel Mougeot, Florence Naegelen
In this paper, we analyze the prospective method of paying hospitals when the within-DRG variance is high. To avoid patients dumping, an outlier payment system is implemented. In the APDRG Swiss System, it consists in a mixture of fully prospective payments for low costs patients and partially cost-based system for high cost patients. We show how the optimal policy depends on the degree to which h...... hiện toàn bộ
Measuring the natural output level by DSGE models: An empirical investigation for Switzerland
Springer Science and Business Media LLC - - 2010
Stefan Leist, Klaus Neusser
Summary 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 identification. Furthermore, they are subject to end-of-sample problems and do not provide estimates of the output gap based on economic theory. I...... hiện toàn bộ
A monthly leading indicator of Swiss GDP growth based on Okun’s law
Springer Science and Business Media LLC - Tập 159 - Trang 1-14 - 2023
Peter Kugler, George Sheldon
We propose a unique method of nowcasting and forecasting GDP growth based on a forward-looking measure of unemployment (FLUR) and Okun’s law that offers a number of advantages over current leading indicators of the Swiss business cycle. The following investigation, covering the period from 1991/1 to 2021/4, demonstrates that our approach outperforms an AR(1) model of GDP growth equally well as the...... hiện toàn bộ
Swiss Climate Change and Nuclear Policy: A Comparative Analysis Using an Energy System Approach and a Sectoral Electricity Model
Springer Science and Business Media LLC - Tập 148 Số 2 - Trang 275-316 - 2012
Nicolas Weidmann, Ravindran Kannan, Hal Turton
Summary 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 analyse the development of the Swiss energy system with a bottom-up technology-rich least-cost optimisation modelling framework. We use the S...... hiện toàn bộ
Reaction of Swiss term premia to monetary policy surprises
Springer Science and Business Media LLC - Tập 146 - Trang 386-404 - 2010
Paul Söderlind
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 model generates innovations in the 3-month rate that are similar to external evidence of monetary policy surprises — as well as term premia that are consistent with survey data. The results in...... hiện toàn bộ
The green potential of occupations in Switzerland
Springer Science and Business Media LLC - Tập 157 Số 1 - 2021
Michael Lobsiger, Christian Rutzer
AbstractWe use a data-driven methodology to quantify the importance of different skills in performing green tasks, aiming to estimate the green potential of occupations in Switzerland. By this we mean the potential of an occupation to be able to perform green tasks on the basis of the skills attributed to it, whereby it is irrelevant whether the occupation already ...... hiện toàn bộ
(In)efficiencies of current financial market infrastructures: an empirical assessment
Springer Science and Business Media LLC - Tập 158 - Trang 1-11 - 2022
Basil Guggenheim, Sébastien Kraenzlin, Christoph Meyer
We use unique individual bank-to-bank repo transaction data to empirically assess the efficiency of the existing Swiss financial market infrastructure (FMI) for executing delivery versus payment transactions. This approach enables us to identify its current benefits and drawbacks as well as where new technologies, such as distributed ledger technology, could provide a remedy. We find that the fast...... hiện toàn bộ
Price-setting behaviour in Switzerland: Evidence from CPI micro data
Springer Science and Business Media LLC - Tập 145 Số 3 - Trang 293-349 - 2009
Kaufmann, Daniel
This paper investigates price-setting behaviour of firms based on the individual price quotes underlying the Swiss consumer price index. The data set covers the years from 1993 to 2005. Six main findings emerge from the analysis. (i) Prices are sticky; the median duration amounts to 4.6 quarters. (ii) Price-setting behaviour is heterogeneous across sectors and outlet characteristics. (iii) Price c...... hiện toàn bộ
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