Abstract
Switzerland has a reputation as a low-inflation country, with a strong currency and a stable monetary environment. Although it (geographically) lies in the center of Europe, the population has voted to stay outside the European Economic Area (EEA), and the SFr. is not part of any European exchange rate arrangement. Instead the country’s central bank, the Swiss National Bank (SNB), is pursuing an independent monetary policy and is one of the few monetary authorities that still uses a monetary aggregate as the only officially recognised intermediate target to combat inflation.
The authors would like to thank Dr. Georg Rick and Prof. Bernd Schips for insightful comments.
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© 1997 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Genberg, H., Kohli, U., Rich, G. (1997). Recent Developments in Swiss Monetary Policy. In: Bacchetta, P., Wasserfallen, W. (eds) Economic Policy in Switzerland. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25875-8_2
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DOI: https://doi.org/10.1007/978-1-349-25875-8_2
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