..., he recommended that pension payouts to be linked to inflation rather than based on final salaries a...
...The revision would have linked rent prices primarily to inflation rules, rather t...
... stabilité des prix c'est parce que l'inflation et la déflation constituent des phénomènes de n... que SIS SegaIntersettle AG, Continuous Linked Settlement (CLS) et Europay. Pour les exploitants ...
Several competition authorities have accused petrol retailers of engaging in collusive conduct, which results in alleged "excessive" prices as well as simultaneous price setting across filling stations. However, petrol retailers must exert a substantial amount of market power if they are to dampen competition. Therefore, we propose a method within the spirit of the New-Empirical-Industrial-Organisation, which allows estimating market power held by petrol retailers in terms of a conduct parameter. Based on data for Switzerland, our empirical results suggest a low level of market power held by Swiss petrol retailers.
... substantial tax increase in 1993 with inflation tending, however, to decrease the real tax burden ... demand of final consumers is typically linked on their residence and therefore regionally restri...
... suspension damper units, a central tyre inflation system and a levelling system to adjust ground cle... cell developed by NP Aerospace linked to the chassis by four connectors. This configurat...
Real exchange rates are a major short-run determinant of any country's capacity to compete. In this paper, we compute a unit-labour-costs-based real exchange rate for Switzerland for the period 1980-2006. This study uses manufacturing sector data on wages and labour productivity in Switzerland and twelve of its major trade partners and present detailed findings on relative labour costs and relative productivity trends. Our main findings are that, measured in these terms, the Swiss real exchange rate depreciated by some 9% in the period under analysis and that this improvement in competitiveness is essentially due to Swiss wage moderation. At a bilateral level, results highlight diverging trends: a significant gain of competitiveness is observed vis-à-vis Germany, Italy, the UK, Spain, A...
... often eroded by an increase in domestic inflation. Hence, focusing on nominal exchange rates disrega...They are all linked with the implicit hypothesis that the relative pri...
..., whereby the payment rises annually by inflation or a fixed rate, can also be purchased. If you hav.... Other types of life insurance . Fund-linked life insurance is an interesting way to combine in...
... der Tatsache Rechnung getragen, dass Inflation und Deflation grundsätzlich ein monetäres Phäno... wie der SIS SegaIntersettle AG, Continuous Linked Settlement (CLS) und Europay. Bei gewöhnlichen Sy...
The study tries to answer the following questions: Will exposure to world agricultural prices generate more poverty or less? To what extent will households be affected by changes in agricultural trade polices? Do multilateral agricultural liberalization matter more than bilateral changes? Results of simulations using a computable general equilibrium (CGE) model linked to household survey data suggest that trade liberalization has only modest effects on the level of GDP, but it has a substantial effect in reducing poverty. Moreover, the combined effects of global and domestic liberalization are more pro-poor than the effect of domestic liberalization alone. [PUB ABSTRACT]
... the distribution of income through inflation, interest rates and other asset price changes with...
Switzerland has had a long standing surplus on its current account. But over the past 15 years that surplus has surged to levels unmatched by nearly any other OECD country at any point. This paper looks at the surplus from a balance of payments vantage point as well as from the optic of the excess of national saving over domestic investment. It then seeks possible explanations for the uptrend and assesses whether it results to any extent from market, institutional or policy failures that could call for reforms. A number of important measurement issues are raised. But the key recommendation is that the authorities should prepare for a possible sharp increase in the value of the Swiss franc if and when investors engaged in the "carry trade" unwind their positions. To that end they should...
... investors for their higher average inflation rates), and, conversely, most liabilities are in S... to raise prices) - which may or may not be linked to weak or even negative capital productivity grow...
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