Switzerland: Selected Issues
June 2, 2003
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This Selected Issues paper takes a close look at the proximate determinants and short-term dynamics of inflation in Switzerland. It identifies salient features of the inflation experience in Switzerland. The paper uses a wage-price model to gauge the sensitivity of inflation to the business cycle and the exchange rate. The findings suggest that underlying inflation of about 1 percent reflects a slightly higher rate for domestic goods and services and low increases in prices of imported goods.
Subject: Exchange rates, Financial services, Foreign exchange, Inflation, Output gap, Price stabilization, Prices, Production, Short term interest rates
Keywords: CR, Exchange rates, Global, goods inflation, Inflation, inflation expectation, inflation-control target range, ISCR, low-inflation record, monetary policy, Output gap, price, Price stabilization, Short term interest rates, target inflation, widening output gap
Pages:
52
Volume:
2003
DOI:
Issue:
149
Series:
Country Report No. 2003/149
Stock No:
1CHEEA0022003
ISBN:
9781451807257
ISSN:
1934-7685
