Search Results

SORT BY: PREVIOUS / NEXT
Keywords:Switzerland 

Journal Article
Can a central bank influence its currency's real value? The Swiss case

Review , Issue Jan , Pages 47-55

Journal Article
The cost of restricting corporate takeovers: a lesson from Switzerland

Review , Issue Nov , Pages 3-11

Journal Article
Real output in Switzerland: new estimates for 1914-47

In this article, Felix A, Andrist, Richard G. Anderson, and Marcela Williams provide, for the first time, an estimate of the real gross domestic product of Switzerland between 1914 and 1947. The estimate is obtained from published data on three other measures of Swiss economic activity during this period: net national product, industrial production, and the transport volume of Swiss railroads. These underlying series closely represent the economic growth of Switzerland; but, they also seem unreasonably volatile as proxy measures of total production, and hence, are filtered by moving averages. ...
Review , Volume 82 , Issue May , Pages 43-70

Report
Disciplined discretion: the German and Swiss monetary targeting frameworks in operation

Many observers have held up the records of price stability in Germany and in Switzerland as examples of the benefits of a monetary targeting regime. These claims have been juxtaposed in recent years with econometric analyses of Bundesbank policy which have shown an absence of dependable relationship between money growth, inflation, and policy movements. We offer an analysis of actual Bundesbank and Swiss National Bank monetary policy as it operated which explains this puzzling gap between performance and presumed policy. We confirm that neither country is a monetary targeter according to a ...
Research Paper , Paper 9707

Journal Article
Eliminating reserve requirements

FRBSF Economic Letter

Journal Article
International liquidity provision during the financial crisis: a view from Switzerland

The authors document the provision of liquidity in Swiss francs (CHF) by the Swiss National Bank (SNB) to banks located outside Switzerland during the recent financial crisis. What makes the Swiss case special is the size of this liquidity provision?at times, 80 percent of all short-term CHF liquidity provided by the SNB?and the measures adopted to distribute this liquidity. In addition to making CHF available to other central banks via swap facilities, the SNB also allows banks outside Switzerland to directly participate in its repurchase agreement transactions. Although this policy was ...
Review , Volume 93 , Issue Nov , Pages 409-418

Journal Article
Divisia monetary services indexes for Switzerland: are they useful for monetary targeting?

Review , Issue Sep , Pages 19-33

Conference Paper
Interest rate operating procedures of foreign central banks

Proceedings , Paper 1, pt. 1

Working Paper
Inflation targeting in a small open economy: empirical results for Switzerland

This paper extends McCallum?s (1987) nominal targeting rule to a small open economy by allowing for feedback from the exchange rate. Instead of setting parameters in a McCallum-type targeting rule and simulating, the parameters are estimated using a markov switching model. We argue that a model of discrete parameter changes should be adept at capturing sudden changes in policy regime, such as changes in the degree to which monetary policy admits feedback from the exchange rate. We examine the legitimacy of an inflation targeting rule with occasional exchangerate feedback to describe Swiss ...
Working Papers , Paper 1995-014

Journal Article
Money demand and inflation in Switzerland: an application of the Pascal technique

Review , Issue May , Pages 43-52

FILTER BY year

FILTER BY Series

Review 8 items

Working Papers 3 items

Proceedings 2 items

Economic Review 1 items

FRBSF Economic Letter 1 items

Monetary Trends 1 items

show more (4)

FILTER BY Content Type

FILTER BY Keywords

PREVIOUS / NEXT