Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Sources and Dynamics of Macroeconomic Fluctuations in Switzerland: Evidence from a Structural Vector Autoregressive Approach

Sources and Dynamics of Macroeconomic Fluctuations in Switzerland: Evidence from a Structural Vector Autoregressive Approach

Kobler, Alexander

Paperback

Series: Europaeische Hochschulschriften / European University Studie, Book 2525

Business GeneralEconomicsInvesting & Finance

Currently unavailable to order

ISBN10: 3906763714
ISBN13: 9783906763712
Publisher: Peter Lang
Published: Nov 1 1999
Pages: 186
Language: English
The economic stagnation experienced in Switzerland in the 1990s has intensified the debate about the primary causes of economic fluctuations in small-open-economies. However, conclusive empirical evidence on the relative importance of real vs. nominal and domestic vs. foreign influences is scarce. A lack of identification often prevents the unveiling of underlying fundamental shocks and causes empirical puzzles in applied work. In a model for the Swiss economy these problems can be overcome with a correct specification of the open-economy setting and the identification of monetary policy. Structural vector autoregressions provide an effective tool to incorporate these structural aspects into modeling, without restricting dynamic interactions among the variables. This model can be applied to assess the transmission channels and the relative importance of different sources of shocks for the Swiss business cycle.

Also in

Business General

View All