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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
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...
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
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...
Swiss DRGs: Patient Heterogeneity and Hospital Payments
Springer Science and Business Media LLC - Tập 144 - Trang 309-322 - 2008
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...
Measuring the natural output level by DSGE models: An empirical investigation for Switzerland
Springer Science and Business Media LLC - - 2010
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. In contrast, our
model-based approach relies...
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
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...
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
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 Swiss MARKAL energy
system model and analyse...
Reaction of Swiss term premia to monetary policy surprises
Springer Science and Business Media LLC - Tập 146 - Trang 386-404 - 2010
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...
The green potential of occupations in Switzerland
Springer Science and Business Media LLC - Tập 157 Số 1 - 2021
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 bundles green tasks or not. The
r...
(In)efficiencies of current financial market infrastructures: an empirical assessment
Springer Science and Business Media LLC - Tập 158 - Trang 1-11 - 2022
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...
Price-setting behaviour in Switzerland: Evidence from CPI micro data
Springer Science and Business Media LLC - Tập 145 Số 3 - Trang 293-349 - 2009
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...
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