Titlebook: Political Economy of the Swiss National Bank; Bruno Jeitziner Book 1999 Physica-Verlag Heidelberg 1999 Central Bank.Geldpolitik.Inflation.

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Deficits and Money Growth: Empirical Evidence for Switzerland,investigated by testing for effects of fiscal policy on monetary policy. (Laney/Willett 1983 54; Alesina/Sachs 1988 67 Fn. 6; Lang/Welzel 1992 73) The impact of fiscal policy on monetary policy is frequently studied in the context of a budget deficit (or surplus) money supply relationship. The basic

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Elections and Monetary Policy: Is There a Political Monetary Cycle for Switzerland?, is analyzed in the framework of elections, parties and administrations. This chapter addresses the question whether elections have any effect on Swiss monetary policy. While this question has been analyzed for most major central banks, an explicit and systematic test for the SNB is still missing..

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Legislative Influence on Monetary Policy? The Case of Switzerland, the fact that the central bank is a creation of the legislature and ultimately is accountable to it. The conventional wisdom is that legislators lack incentives to monitor and influence monetary policy. The view that government agencies operate independently of the legislature has been challenged b

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Bruno Jeitzinere Beanspruchung ins Auge zu fassen. Diese zwei Größen stehen in einem bestimmten Zusammenhang zueinander. Das folgende Experiment ist allgemein bekannt: Wird ein Draht an seinem einen Ende befestigt und durch Zug an seinem anderen Ende gespannt, so wird der Durchhang um so geringer, je größer der Zu

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Book 1999d the characteristics of the Swiss political market for monetary policy. In empirical tests no indirect political influence, defined as a systematic relationship between fiscal and monetary policy, and no direct political influence from elections, the executive and the legislature can be detected.

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A Reaction Function Study for the Swiss National Bank,ince central banks are generally expected to respond to inflation, growth, unemployment, exchange rates and interest rates, variables representing these basic economic pressures are employed as regressors.

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Deficits and Money Growth: Empirical Evidence for Switzerland, argument is that fiscal policy controls macroeconomic variables, for instance the deficit, that influence monetary policy. The way the central bank reacts to these variables is interpreted as evidence on the (in)dependence debate.

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