Publications des institutions partenaires

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Wird das Bargeld bestehen bleiben? Trütsch, Tobias

Institution partenaire

Université de St-Gall - Schools of Management, Finance, Economics and Political Science

Texte intégral(Allemand) - 2016

Raumplanungsrechtliche Anforderungen an die Standortwahl von Energieunternehmen Hettich, Peter

Institution partenaire

Université de St-Gall - Schools of Management, Finance, Economics and Political Science

Texte intégral(Allemand) - 2016

Valuing American options using fast recursive projections Scaillet, Olivier

We introduce a fast and widely applicable numerical pricing method that uses recursive projections. We characterize its convergence speed. We find that the early exercise boundary of an American call option on a discrete dividend paying stock is higher under the Merton and Heston models than under the Black-Scholes model, as opposed to the continuous dividend case. A large database of call...

Institution partenaire

Université de Genève

Texte intégral(Anglais) - 2016

Care and education? Exploring the gendered rhythms and routines of childcare work Tennhoff, Wiebke

Institution partenaire

Université de St-Gall - Schools of Management, Finance, Economics and Political Science

Texte intégral(Anglais) - 2016

Offres de voyage

Institution partenaire

SECO - Secrétariat d'État à l’économie

Texte intégral(Français) - 2016

Reiseangebote

Institution partenaire

SECO - Secrétariat d'État à l’économie

Texte intégral(Allemand) - 2016

Tendances conjoncturelles hiver 2015/2016

(Données juste à Mi-Décembre 2015)

Institution partenaire

SECO - Secrétariat d'État à l’économie

Texte intégral(Français) - 2016

Konjunkturtendenzen Winter 2015/2016

(Daten bis Mitte Dezember 2015)

Institution partenaire

SECO - Secrétariat d'État à l’économie

Texte intégral(Allemand) - 2016

Konjunkturtendenzen Frühjahr 2016

(Daten bis Mitte März 2016) en ce moment seulement version allemande disponible

Institution partenaire

SECO - Secrétariat d'État à l’économie

Texte intégral(Français) - 2016

Stock fluctuations are correlated and amplified across networks of interlocking directorates Saavedra, Serguei;Gilarranz, Luis J;Rohr, Rudolf P.;Schnabel, Michael;Uzzi, Brian;Bascompte, Jordi

Traded corporations are required by law to have a majority of outside directors on their board. This requirement allows the existence of directors who sit on the board of two or more corporations at the same time, generating what is commonly known as interlocking directorates. While research has shown that networks of interlocking directorates facilitate the transmission of information between...

Institution partenaire

Université de Fribourg

Texte intégral(Anglais) - 2016

A real-time GDP data set for Switzerland

This economic study presents and analyses newly collected real-time data for Swiss GDP. It extends existing data sets by covering annual and quarterly aggregate GDP values for a longer sample, with vintages starting in 1971 (annual) and 1983 (quarterly). The analysis comprises a graphical and statistical description of quarterly GDP releases and tests for unbiasedness and efficiency of the...

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2016

Uniform-price auctions for Swiss government bonds: Origin and evolution

The Swiss Treasury has used the sealed-bid, uniform-price auction format for allocating government bonds since 1980. In this study, we examine the authorities' motivation for choosing the uniform-price auction. In addition, we describe how the institutional set-up evolved over time. It includes bidding requirements, class of bidders, pre-auction information, the bidding process, the determination...

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2016

Foreign PMIs: A reliable indicator for exports?

Foreign economic activity is a major determinant of export development. This paper presents an indicator for now- and forecasting exports, which is based on survey data that captures foreign economic perspectives. We construct an indicator by weighting foreign PMIs of main trading partners with their respective export shares. For two very trade exposed countries (Germany and Switzerland) the...

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2016

Exchange Rate Predictability and State-of-the-Art Models

This paper empirically evaluates the predictive performance of the International Monetary Fund's (IMF) exchange rate assessments with respect to future exchange rate movements. The assessments of real trade-weighted exchange rates were conducted from 2006 to 2011, and were based on three state-of-the-art exchange rate models with a medium-term focus which were developed by the IMF. The empirical...

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2016

Forecasting with Large Unbalanced Datasets: The Mixed-Frequency Three-Pass Regression Filter

In this paper, we propose a modification of the three-pass regression filter (3PRF) to make it applicable to large mixed frequency datasets with ragged edges in a forecasting context. The resulting method, labeled MF-3PRF, is very simple but compares well to alternative mixed frequency factor estimation procedures in terms of theoretical properties, finite samle performance in Monte Carlo...

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2016

How reliable are cointegration-based estimates for wealth effects on consumption? Evidence from Switzerland

According to economic theory, the intertemporal budget constraint of households implies that a permanent increase in wealth should have a positive effect on consumer spending. Given the comparatively strong increase in Swiss household wealth over the past few years, the question of the extent to which changes in wealth influence expenditures of households has become of special interest for...

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2016

Price expectations and the US housing boom

As it has proved difficult to explain the recent US house price boom on the basis of fundamentals, many observers have emphasised the role of speculation. This kind of argument is, however, indirect, as speculation is treated as a deviation from a benchmark. Our paper identifies house price expectation shocks directly, using a VAR with sign restrictions. House price expectation shocks are the...

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2016

The banking sector and the Swiss financial account during the financial and European debt crises

The US financial crisis and the later eurozone crisis have substantially impacted capital flows into and out of financial centers like Switzerland. We focus on the pattern of capital flows involving the Swiss banking industry. We first rely on balance-of-payment statistics and show that net banking inflows rose during the acute phases of the crises, albeit with a contrasting pattern. In the wake...

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2016

The Swing Voter's Curse in Social Networks Mechtenberg, Lydia

Institution partenaire

Université de St-Gall - Schools of Management, Finance, Economics and Political Science

Texte intégral(Anglais) - 2016

Braving the waves: the role of time and risk preferences in illegal migration from Senegal Mbaye, Linguère Mously

This paper aims to provide the first evidence concerning the relationship between time ans risk preferences and illegal migration in an African context. Based upon our theoretical model and using a unique data set on potential migrants collected in urban Senegal, we evaluate a measure of time and risk preferences through the individual's intertemporal discount rate and coefficient of absolute...

Institution partenaire

Institut de hautes études internationales et du développement

Texte intégral(Anglais) - 2016


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