Publications des institutions partenaires

Abrahamsen, Yngve; Eckert, Florian; Kronenberg, Philipp; Mühlebach, Nina; Neuwirth, Stefan; Rathke, Alexander; Sarferaz, Samad; Siegenthaler, Michael; Streicher, Sina; Sturm, Jan-Egbert

Institution partenaire

Eidgenössische Technische Hochschule Zürich

Full Text

English, Deutsch / 01/08/2020

Fair AI

Feuerriegel, Stefan; Dolata, Mateusz; Schwabe, Gerhard

Institution partenaire

Eidgenössische Technische Hochschule Zürich

Full Text

English, Deutsch / 01/08/2020

Getting the Costs of Environmental Protection Right

Bretscher, Lucas

Institution partenaire

Eidgenössische Technische Hochschule Zürich

Full Text

English, Deutsch / 01/08/2020

Verbleibstudie und Kompetenzanalyse Berufsbildung Bekleidungsgestaltung. Bericht zur Berufsentwicklung, Kompetenzanalyse und Ehemaligenbefragung

Bolli, Thomas; Rageth, Ladina; Renold, Ursula

Institution partenaire

Eidgenössische Technische Hochschule Zürich

Full Text

English, Deutsch / 01/08/2020

The Abolition of Immigration Restrictions and the Performance of Firms and Workers: Evidence from Switzerland

Beerli, Andreas; Ruffner, Jan; Siegenthaler, Michael; Peri, Giovanni

Institution partenaire

Eidgenössische Technische Hochschule Zürich

Full Text

English, Deutsch / 01/08/2020

A Minting Mold for the eFranc: A Policy Paper

Gersbach, Hans; Wattenhofer, Roger

Institution partenaire

Eidgenössische Technische Hochschule Zürich

Full Text

English, Deutsch / 01/08/2020

WP - 2020-07-29 - Tim D. Maurer and Thomas Nitschka: Stock market evidence on the international transmission channels of US monetary policy surprises

We decompose unexpected movements in the stock market returns of 40 countries into different news components to assess why expansionary US monetary policy surprises are good news for stock markets. Our results suggest that prior to the zero lower bound (ZLB) period, federal funds rate surprises affect foreign stock markets mainly because such surprises are associated with news about…

Institution partenaire

Banque nationale suisse

Full Text

English / 29/07/2020

WP - 2020-07-29 - Sophie Altermatt and Simon Beyeler: Shall we twist?

We study the implementation and effectiveness of Operation Twist, which represents the origin of today's unconventional monetary policy measures. Operation Twist serves as a perfect laboratory to assess the usefulness of such balance sheet policies because at that time interest rates were not at their lower bound and the economy was not in a historic turmoil. We assess the actions of…

Institution partenaire

Banque nationale suisse

Full Text

English / 29/07/2020

WP - 2020-07-29 - Toni Beutler, Matthias Gubler, Simona Hauri and Sylvia Kaufmann: Bank lending in Switzerland: Capturing cross-sectional heterogeneity and asymmetry over time

We study the bank lending channel in Switzerland over three decades using unbalanced quarterly bank-individual data spanning 1987 to 2016. In contrast to the usual empirical approach, we take an agnostic stance on which bank characteristic drives the heterogenous lending response to interest rate changes. In addition, our empirical model allows for a changing lending reaction…

Institution partenaire

Banque nationale suisse

Full Text

English / 29/07/2020

WP - 2020-07-29 - Angela Abbate, Sandra Eickmeier and Esteban Prieto: Financial shocks and inflation dynamics

We assess the effects of financial shocks on inflation, and to what extent financial shocks can account for the "missing disinflation" during the Great Recession. We apply a Bayesian vector autoregressive model to US data and identify financial shocks through a combination of narrative and short-run sign restrictions. Our main finding is that contractionary financial shocks…

Institution partenaire

Banque nationale suisse

Full Text

English / 29/07/2020

Institutional setting and networks effect on international trade : Three essays on international trade

Thèse de doctorat : Università della Svizzera italiana, 2018 ; 2018ECO016.

Institution partenaire

Università della Svizzera italiana

Full Text

English / 28/07/2020

Earthquakes, grants and public expenditure : how municipalities respond to natural disasters

In: Journal of regional science, 2020, vol. 60, no. 3, p. 481-516

Institution partenaire

Università della Svizzera italiana

Full Text

English / 21/07/2020

WP - 2020-07-10 - Romain Baeriswyl, Kene Boun My and Camille Cornand: Double overreaction in beauty contests with information acquisition: theory and experiment

Central banks' disclosures, such as forward guidance, have a weaker effect on the economy in reality than that predicted in theoretical models. The present paper contributes to understanding how people pay attention and react to various sources of information. In a beauty contest with information acquisition, we show that strategic complementarities give rise to a double overreaction…