The agreement with the European Union on liberalized migration had sizable effects on the Swiss economy. Simulations with a macroeconometric model show that the agreement mitigated the incidence of labor shortages and stimulated business investment, giving rise to an increased growth potential....

This paper presents a disequilibrium model for Switzerland, focusing on the production sector and the associated spillover effects. Finns' decisions on output supply, labor demand and investment are analysed on basis of a vintage approach, involving pressure of demand, profitability and relative...

None

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...