What's new

WORKING PAPERS

Medium and long-term outlook for the Swiss Confederation’s debt: when are adjustments needed, and by how much? (2023), background study for Alliance Sud. Version française, Perspectives pour la dette de la Confédération à moyen et long terme : quels sont les horizon et l’ampleur des ajustements?

What Drives Long-Term Interest Rates? Evidence from the Entire Swiss Franc History 1852-2020 (2022), with Niko Hauzenberger, Daniel Kaufmann, and Rebecca Stuart, University of Neuchâtel IRENE working paper 22-03.

Fundamentals vs. policies: can the US dollar’s dominance inglobal trade be dented? (2021), with Georgios Georgiadis, Helena Le Mezo, and Arnaud Mehl, CEPR Discussion Paper 16303; GIIDS Working Paper 12/2021, ECB Working Paper 2574. Related Vox column, SUERF Policy Brief, and EconBrowser blog.

Interest rates in Switzerland 1852-2020 (2021), with Niko Hauzenberger, Florian Huber, Daniel Kaufmann, and Rebecca Stuart , Swiss Secretariat for Economic Affairs (SECO) Grundlagen für die Wirtschaftspolitik Nr. 24.

The global financial cycle and capital flow episodes: a wobbly link? (2019), with Beatrice Scheubel and Livio Stracca , European Central Bank Working Paper 2337

Distance(s) and the volatility of international trade(s) (2019), with Arnaud Mehl and Martin Schmitz, European Central Bank Working Paper 2252; CEPR Discussion Paper 13630; Kiel Institute for the World Economy Working Paper 2125; GIIDS Working Paper 5/2019 Related Vox column.

PUBLISHED PAPERS

The global financial cycle and capital flows: Taking stock (2024), with Beatrice Scheubel and Livio Stracca, Journal of Economic Survey, pp. 1-27. Working paper version (The global financial cycle and capital flow episodes: a wobbly link? ) European Central Bank Working Paper 2337

Les cryptomonnaies, une menace pour les banques centrales ? (2021), with Rosmarie Schlup, La Vie Economique, December, pp. 25-27.

Évolution des taux d’intérêt suisses : une perspective de 1852 à 2020. (2021), with Niko Hauzenberger, Florian Huber, Daniel Kaufmann, and Rebecca Stuart, La Vie Economique, July, pp. 7-9.

La Covid-19 en Suisse : les leçons des sciences économiques (2021), with Rafael Lalive, La Vie Economique, March, pp. 32-34.

The «burden» of Swiss public debt: Lessons from research and options for the future (2020), CEPR Policy Insight 101, working paper version GIIDS Working Paper 14/2019 (english) GIIDS Working Paper 15/2019 (french, Le «fardeau» de la dette publique suisse : Eclairages des recherches scientifiques et pistes pour le futur). Related Vox column.

Taming the Global Financial Cycle: What role for the Global Financial Safety Net? (2019), with Beatrice Scheubel and Livio Stracca, Journal of International Money and Finance 94, pp. 160-182. Link to Science Direct Related Vox column.

Columns

Vivre sans travailler?, interview on Swiss RTS Geopolitis (in French).

Is policy effective at promoting the international role of the renminbi?, with Georgios Georgiadis, Helena Le Mezo, and Arnaud Mehl, EconBrowser, September 10, 2021.

The impact of fundamentals and promotion policy on trade invoicing, with Georgios Georgiadis, Helena Le Mezo, and Arnaud Mehl, Voxeu, July 26, 2021.

Columns in l'Agefi newspaper

Pourquoi 2023 fut une mauvaise année pour les investissements -- Why 2023 was a bad year for Swiss investment , March 15, 2024.

Le franc est-il si fort face à l’euro ou au dollar? -- Is the Swiss franc that strong? , February 8, 2024.

Les salaires ne reculent pas dans le PIB – au contraire -- The share of wages to Swiss GDP is not shrinking – to the contrary , December 13, 2023.

Le recul de la vague verte? Pas si vite -- Has the Green political wave receded? Not so fast , November 7, 2023.

La BNS amortit l’impact international de la chute de Credit Suisse -- The SNB cushions the international impact of the Credit Suisse fallout , October 17, 2023.

L’immigration affecte-t-elle la croissance? (étude détaillée) -- Does immigration affect growth? , August 24, 2023.

Perspectives de la dette fédérale : il y a de la marge (étude détaillée) -- Prospects for the Swiss public debt: there is room (detailed analysis), June 6, 2023.