On the rewards to international investing: a safe haven currency perspective [0.03%]
从避险货币的视角看跨境投资收益
Jean-Pierre Danthine,Samuel Danthine
Jean-Pierre Danthine
The safe haven property of the Swiss franc presents a specific challenge for internationally minded Swiss-based investors. The central issue is whether the traditional under-performance of Swiss assets is made up by the secular appreciation...
The Swiss franc safety premium [0.03%]
瑞郎避险溢价
Jessica Leutert
Jessica Leutert
This paper applies a recent method proposed by Maggiori (The U.S. Dollar Safety Premium, 2013) to estimate the Swiss franc safety premium. The results show that the three-step instrumental variable approach as used by Maggiori does not work...
Arun Advani,Bansi Malde
Arun Advani
In many contexts we may be interested in understanding whether direct connections between agents, such as declared friendships in a classroom or family links in a rural village, affect their outcomes. In this paper, we review the literature...
Comparative politics and the synthetic control method revisited: a note on Abadie et al. (2015) [0.03%]
重温比较政治学与合成控制法——兼论Abadie等(2015)的观点
Stefan Klößner,Ashok Kaul,Gregor Pfeifer et al.
Stefan Klößner et al.
Recently, Abadie et al. (Am J Polit Sci 59:495-510, 2015) have expanded synthetic control methods by the so-called cross-validation technique. We find that their results are not being reproduced when alternative software packages are used o...
International trade and unemployment: towards an investigation of the Swiss case [0.03%]
国际贸易与失业：兼论瑞士案例
Lukas Mohler,Rolf Weder,Simone Wyss
Lukas Mohler
The topic of this paper has been motivated by the rising unemployment rate of low-skilled relative to high-skilled labour in Switzerland. Between 1991 and 2014, Switzerland experienced the highest relative increase in the low-skilled unempl...
Interest-parity conditions during the era of the classical gold standard (1880-1914)-evidence from the investment demand for bills of exchange in Europe [0.03%]
古典金本位时期（1880-1914）的利率平价条件——来自欧洲票据投资需求的证据
Nils Herger
Nils Herger
This paper examines interest-parity conditions that arguably held as regards the investment demand for bills of exchange during the classical gold standard (1880-1914). Contemporaneous guides to the foreign exchanges report that close conne...
Marius Brülhart,Didier Dupertuis,Elodie Moreau
Marius Brülhart
We estimate the size of inheritance flows in Switzerland over a long span of data, in close analogy to the study for France by Piketty (Q J Econ 126(3):1071-1131, 2011). We find that inheritance flows had been growing more slowly than natio...
How does depreciations management affect subsequent fiscal performance? The case of the Swiss cantons [0.03%]
折旧管理如何影响后续财政绩效？以瑞士州为例分析
Maxime Clémenceau,Nils Soguel
Maxime Clémenceau
Creative accounting allows governments and, more particularly, finance ministers to somehow manage financial reports to achieve specific and possibly self-interested goals. It is usually used to hide deficits. It sometimes also helps to pre...
Factor substitution in Swiss manufacturing: empirical evidence using micro panel data [0.03%]
基于微观面板数据的瑞士制造业行业间生产函数估算及要素替代弹性分析（1986-2000）
Sebastian M Deininger,Lukas Mohler,Daniel Mueller
Sebastian M Deininger
This paper analyzes the relationship between factor substitutability and the energy intensity of manufacturing firms. Specifically, we compare the degree of substitutability between the input factors capital, labor, energy, and material for...
Marion Fourcade
Marion Fourcade