We study Switzerland's weak growth during the 1990s through the lens of the business cycle accounting framework of Chari, Kehoe, and McGrattan (2007). Our main result is that weak productivity growth cannot account for the stagnation experienced during that time. Rather, the stagnation is explained by factors that made labour and investment expensive. We show that increased labour income taxes and financial frictions are plausible causes. Holding these factors constant, the counterfactual annualized real output growth over the 1992Q2-1996Q4 period is 1.93% compared to realized growth of 0.35%.
Eberle, Reto. Corporate culture and trust are essential success factors during the crisis: Interview with Regula Wallimann, chair of the audit committees. In: Board Leadership News, 4, 2020, p.1-4.
Eberle, Reto. Unternehmenskultur und Vertrauen sind essenzielle Erfolgsfaktoren in der Krise: Interview mit Regula Wallimann, Leiterin des Audit Committee der Adecco Gruppe und der Straumann Gruppe. In: Board Leadership News, 4, 2020, p.1-4.
Eberle, Reto. Aktivistische Investoren als neue Herausforderung für den Verwaltungsrat: Interview mit Barbara Heller, SWIPRA Services. In: Board Leadership News, 3, 2020, p.1-5.
Tuor, Simone; Backes-Gellner, Uschi (2020). Educational diversity and individual pay: The advantages of combining academic and VET graduates in the workplace. Empirical Research in Vocational Education and Training, 12:13.
Eberle, Reto. Career goal: Member of the Board of Directors: Interview with Ms Monika Krüsi, Chair of the Board of Directors, Repower. In: Board Leadership News, 2019, p.1-5.
Eberle, Reto. Karriere Verwaltungsrat: Interview mit Frau Dr. Monika Krüsi, Präsidentin des Verwaltungsrats von Repower. In: Board Leadership News, 2019, p.1-5.
