IMF Staff Country Reports

Switzerland: Selected Issues

June 2, 2003

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Switzerland: Selected Issues, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

This Selected Issues paper takes a close look at the proximate determinants and short-term dynamics of inflation in Switzerland. It identifies salient features of the inflation experience in Switzerland. The paper uses a wage-price model to gauge the sensitivity of inflation to the business cycle and the exchange rate. The findings suggest that underlying inflation of about 1 percent reflects a slightly higher rate for domestic goods and services and low increases in prices of imported goods.

Subject: Exchange rates, Financial services, Foreign exchange, Inflation, Output gap, Price stabilization, Prices, Production, Short term interest rates

Keywords: CR, Exchange rates, Global, Goods inflation, Inflation, Inflation expectation, Inflation-control target range, ISCR, Low-inflation record, Monetary policy, Output gap, Price, Price stabilization, Short term interest rates, Target inflation, Widening output gap

Publication Details

  • Pages:

    52

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2003/149

  • Stock No:

    1CHEEA0022003

  • ISBN:

    9781451807257

  • ISSN:

    1934-7685