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Recent Developments in Swiss Monetary Policy

In: Economic Policy in Switzerland

Author

Listed:
  • Hans Genberg
  • Ulrich Kohli
  • Georg Rich

Abstract

Switzerland has a reputation as a low-inflation country, with a strong currency and a stable monetary environment. Although it (geographically) lies in the center of Europe, the population has voted to stay outside the European Economic Area (EEA), and the SFr. is not part of any European exchange rate arrangement. Instead the country’s central bank, the Swiss National Bank (SNB), is pursuing an independent monetary policy and is one of the few monetary authorities that still uses a monetary aggregate as the only officially recognised intermediate target to combat inflation.

Suggested Citation

  • Hans Genberg & Ulrich Kohli & Georg Rich, 1997. "Recent Developments in Swiss Monetary Policy," Palgrave Macmillan Books, in: Philippe Bacchetta & Walter Wasserfallen (ed.), Economic Policy in Switzerland, chapter 2, pages 8-34, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25875-8_2
    DOI: 10.1007/978-1-349-25875-8_2
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    Citations

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    Cited by:

    1. Assenmacher-Wesche, Katrin & Gerlach, Stefan, 2008. "Money growth, output gaps and inflation at low and high frequency: Spectral estimates for Switzerland," Journal of Economic Dynamics and Control, Elsevier, vol. 32(2), pages 411-435, February.
    2. Thomas VON UNGERN-STERNBERG, 1997. "Ein neuer Verfassungsartikel für die Schweizerische Nationalbank," Cahiers de Recherches Economiques du Département d'économie 9715, Université de Lausanne, Faculté des HEC, Département d’économie.
    3. International Monetary Fund, 1999. "Switzerland: Selected Issues and Statistical Appendix," IMF Staff Country Reports 1999/030, International Monetary Fund.
    4. Georg Rich, 2007. "Swiss Monetary Targeting 1974-1996: The Role of Internal Policy Analysis," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 143(III), pages 283-329, September.

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