After reviewing the history of analyses of economic forecasting, the role of econometrics in improving economic forecasting is considered, building on CLEMENTS and HENDRY (1994a). The basis of the analysis is a world where model selection is difficult, no model coincides with the economic...

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The wholesale price index re vision and the introduction of the new producer and import price index in 1993 raise certain questions about price survey policy. The traditional survey is based on a carefully selected sample of reporters and products, with simple rules to take account of changing...

Hazardous waste regulations require disposal in approved dumpsites, where environmental consequences are minimal but entry may be privately very costly. Imperfect policing of regulations makes the socially more costly option illicit disposal preferable form the perspective of the private...

This paper summarizes some recent developments in microeconometrics with respect to methods for estimation and inference in non-linear models based on cross-section and panel data. In particular we discuss recent progress in estimation with conditional moment restrictions, simulation methods,...

Three topics exemplify how knowledge of employment draws on various disciplines, which are so led to intimate collaboration, mainly on economics, statistics and econometrics. In order to distinguish between "frictional unemployment" and "disequilibrium unemployment", it is convenient to refer to...

This paper presents an econometric disequilibrium model for Switzerland. Firms' decisions on production capacity, output and labor demand are analyzed in a vintage framework. The specification of labor supply allows for intertemporal substitution. The macro relationships take into account that...

The purpose of this study is to determine the principle components of the married women's labour supply in Switzerland. The analysis is based on a static microeconomic model of labour supply inspired by HECKMAN's model (1976) with linear functions. The model adds up to a dichotomic system of...

This article analyses the state of the fiscal policy pursued by the Swiss Confederation (central government) in the eighties and nineties by means of a set of new fiscal indicators. The annual discretionary change in fiscal policy, the sustainability of the fiscal policy and its impact on...

This paper analyzes the Swiss inter-industry wage structure in the light of the current debate on the efficiency wage hypothesis. Results clearly indicate the presence of an industry component in the determinants of earnings in Switzerland. No definite conclusion emerges though as to the source...