Macroeconomic Consequences of Swiss EU-Accession: The Effects of Entering the Monetary Union

  • Peter Stalder
Chapter

Abstract

Although skepticism about an EU-membership is still widespread in Switzerland, particularly in rural areas of the German speaking part of the country, the public opinion seems to have gradually changed in favor of a stronger European integration of Switzerland since the referendum of December 1992, in which the ratification of the Treaty on the European Economic Area (EEA) has been rejected. Today, the Federal Council (central government of Switzerland) and at least one of the big parties, the Social Democrats, strongly support a speedy move towards a full EUmembership of Switzerland, whereas other major parties seem to favor weaker forms of integration, at least for the time being, like the ratification of the recently signed bilateral agreements between Switzerland and the EU.

Keywords

Exchange Rate Interest Rate Monetary Policy Swiss Franc Baseline Simulation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Springer Science+Business Media New York 2001

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  • Peter Stalder

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