The spring forecast for Swiss health expenditure covers the years 2008 to 2010 (official data range to 2007). For the year 2008, the forecast assumes a higher-than-average growth in health expenditure. While a still solid growth is expected for the year 2009, a cooling down as a consequence of...

The autumn forecast for Swiss health expenditure covers the years 2008 to 2011 (official data range to 2007). For the year 2008, the forecast assumes a higher-than-average growth in health expenditure. While a still solid growth is expected for the year 2009, a cooling down as a consequence of...

Towards the end of 2009, the world economy was recovering from its deepest recession since the end of World War II. Most countries around the world took resort to fiscal policy in order to foster this recovery. In this paper, we first discuss the pros and cons of discretionary fiscal policy from...

The paper investigates the nexus between inventory investment and the change in aggregate production for 29 European countries over the period 2000-2009. A special interest is taken in the Great Recession of 2008/09. For most countries, a fairly uniform pattern emerges. Inventory investment is...