Switzerland: Selected Issues and Statistical Appendix
April 8, 1997
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This Selected Issues paper and Statistical Appendix assesses Switzerland’s recent real GDP performance in terms of underlying movements in potential output and the cyclical output gap. The paper highlights that Swiss real GDP has been stagnant since 1990, after expanding at an average rate of some 1¾ percent during 1977–90. The evidence presented indicates that potential output growth during 1991–95 was significantly below historical average. This paper also tries to assess the possible effects of stage 3 of European Monetary Union on Switzerland.
Subject: Banking, Commercial banks, Exchange rates, Financial institutions, Foreign exchange, Output gap, Potential output, Production, Total factor productivity
Keywords: bank, bank assets, cantonal bank, Commercial banks, CR, cyclical output gap, deutsche mark, Exchange rates, Global, interest rate, ISCR, Output gap, output gap estimate, Potential output, Total factor productivity
Pages:
100
Volume:
1997
DOI:
Issue:
018
Series:
Country Report No. 1997/018
Stock No:
1CHEEA0011997
ISBN:
9781451807141
ISSN:
1934-7685
