Publications des institutions partenaires

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Three essays on behavioural finance Hemmens, Christopher

The fact that human economic behaviour has a significant irrational element - one that is simultaneously hard-to-explain and highly predictable - has fascinated economists for decades from Fechner, 1860 to Shiller, 2005 and beyond. In this dissertation, I investigate the field from various perspectives: chapter 1 examines the impact that language describing irrational behaviour in the media has...

Institution partenaire

Université de Genève

Texte intégral(Anglais) - 2017

Lower bound beliefs and long-term interest rates

We study the transmission of changes in the believed location of the lower bound to longterm interest rates since the introduction of negative interest rate policies. The expectations hypothesis of the term structure combined with a lower bound on policy rates suggests that the transmission of policy rate changes to long-term interest rates is reduced when policy rates approach this lower bound....

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2017

The new SNB exchange rate index

The Swiss National Bank (SNB) is putting its calculated and published exchange rate indices on a new footing. This article describes the construction elements of the SNB's new exchange rate index, and presents the results of the new index calculation. The key aspects of the revision are: the application of the weighting method used by the IMF, which takes into account so-called third-market...

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2017

The Impact of Interest Rate Risk on Bank Lending

In this paper, we empirically analyze the transmission of realized interest rate risk - the gain or loss in a bank's economic capital caused by movements in interest rates - to bank lending. We exploit a unique panel data set that contains supervisory information on the repricing maturity profiles of Swiss banks and provides us with an individual measure of interest rate risk exposure net of...

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2017

International Inflation Spillovers Through Input Linkages

We document that observed international input-output linkages contribute substantially to synchronizing producer price inflation (PPI) across countries. Using a multi-country, industry-level dataset that combines information on PPI and exchange rates with international and domestic input-output linkages, we recover the underlying cost shocks that are propagated internationally via the global...

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2017

Mixed-frequency models for tracking short-term economic developments in Switzerland

We compare several methods for monitoring short-term economic developments in Switzerland. Based on a large mixed-frequency data set, the following approaches are presented and discussed: factor-based information combination approaches (including factor model versions based on the Kalman filter/smoother, a principal component based version and the three-pass regression filter), a model...

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2017

The Balassa-Samuelson Effect Reversed: New Evidence from OECD Countries

This paper explores the robustness of the Balassa-Samuelson (BS) hypothesis. We analyze an OECD country panel from 1970 to 2008 and compare three data sets on sectoral productivity, including newly constructed data on total factor productivity. Overall, our within- and between-dimension estimation results do not support the BS hypothesis. Over the last two decades, we find a robust negative...

Institution partenaire

Banque nationale suisse

Texte intégral(Anglais) - 2017

A Note on the Carlson-Parkin Method of Quantifying Qualitative Data Müller, Christian og Wirz, Aniela Maria og Sydow, Nora

Institution partenaire

Eidgenössische Technische Hochschule Zürich

Texte intégral(Allemand) - 2017

A Dynamic Model of Electoral Competition with Costly Policy Changes Gersbach, Hans og Muller, Philippe og Tejada, Oriol

Institution partenaire

Eidgenössische Technische Hochschule Zürich

Texte intégral(Allemand) - 2017

The public-private nature of harmonization networks Berman, Ayelet

Institution partenaire

Institut de hautes études internationales et du développement

Texte intégral(Anglais) - 2017

The role of domestic administrative law in the accountability of transnational regulatory networks Berman, Ayelet

Institution partenaire

Institut de hautes études internationales et du développement

Texte intégral(Anglais) - 2017

The role of education in preventing and combating youth unemployment Viarengo, Martina

Youth unemployment and disengagement from both education and work are negatively associated with levels of completed education and skill proficiency. Recent research highlights the importance of focusing on the quality of education and improving actual learning outcomes for all. Empirical findings show the central importance of preventive strategies targeted towards disadvantaged families such as...

Institution partenaire

Institut de hautes études internationales et du développement

Texte intégral(Anglais) - 2017

: what's at stake? Nakatomi, Michitaka

Institution partenaire

Institut de hautes études internationales et du développement

Texte intégral(Anglais) - 2017

The centralization-decentralization issue Wyplosz, Charles

The make-up of the EU institutions, and their evolution, should explicitly be based on widely accepted federalism principles. This paper applies federalism principles to a few crucial questions, mainly fiscal policy, fiscal discipline and structural reforms, using where possible lessons from existing federations. After introducing the topic, Section 2 briefly reviews the key message from the...

Institution partenaire

Institut de hautes études internationales et du développement

Texte intégral(Anglais) - 2017

Weather and income : effect on household saving and well-being in South Africa Swanson, Timothy M

In countries where rain-fed agriculture constitutes a significant portion of household livelihood, increased weather variability represents a source of vulnerability to stable consumption, food security and household well-being. Weather induced income changes affect household consumption and saving decisions. We evaluate saving and consumption responses to weather variation in South Africa,...

Institution partenaire

Institut de hautes études internationales et du développement

Texte intégral(Anglais) - 2017

Follow-the-leader?: measuring the internationalisation of law Swanson, Timothy M

Expressive law is said to induce compliance with stated principles without a price on non-compliance. We empirically assess this proposition, by attempting to dis-entangle the impacts of a legal change (a 5p charge on use of plastic bags), on individual choices. We do so by measuring both behaviours and attitudes across the first two months of the legal change, and by comparing the impacts across...

Institution partenaire

Institut de hautes études internationales et du développement

Texte intégral(Anglais) - 2017

: an inquiry into the intersection of the gats and the beps package Zhang, Weiwei

Institution partenaire

Institut de hautes études internationales et du développement

Texte intégral(Anglais) - 2017

: perspectives on trade integration and an incrementalist approach to quasi-multilateralizationa Giødesen Thystrup, Amalie

The summer 2016 saw some of the key emerging economies change their position on services negotiations at the WTO, which may prove instrumental in bringing services back to the WTO, via The Trade in services Agreement (TiSA). While TiSA parties have discussed critical mass based multilateralization for a while, another approach may prove to be more viable - "incrementalism" and...

Institution partenaire

Institut de hautes études internationales et du développement

Texte intégral(Anglais) - 2017

: substantive reach and rivaling proceedings Beyer, Vincent M.

This paper considers the intersection of income tax and WTO rules. It defends an interpretation of the non-discrimination obligations in line with customary rules of interpretation as stipulated by the Vienna Convention on the Law of Treaties. It, thus, departs from the historic assumption that income taxes are not or only to a very limited extent covered by the GATT. Subsequently, the reach of...

Institution partenaire

Institut de hautes études internationales et du développement

Texte intégral(Anglais) - 2017

The antitrust of foreign direct investments vis-à-vis energy and sustainability patents Farhang Vesal, Parham

This study analyzes the feasibility of optimal equilibrium between antitrust exigencies and patent law necessities, when it comes to transnational investments in energy and sustainability global market. In doing so, the study first briefs on the ambits encircling the several interconnected subject-matters of law and economy associated with its general topic. Having scrutinized the current state...

Institution partenaire

Institut de hautes études internationales et du développement

Texte intégral(Anglais) - 2017


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