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Switzerland: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 149
Language:
English
Publication Date:
02 Jun 2003
DOI:
https://doi.org/10.5089/9781451807257.002
ISBN:
9781451807257
ISSN:
1934-7685
Pages:
52
Keywords:
ISCR; CR; price; monetary policy; inflation expectation; goods inflation; widening output gap; target inflation; low-inflation record; inflation-control target range; Inflation; Price stabilization; Exchange rates; Output gap; Short term interest rates; Global
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund