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

  • Peter Stalder


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.


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.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Ando, A.K., F. Modigliani, R. Rasche and S.J. Turnovsky (1974), On the Role of Expectations and Technological Change in an Investment Function, International Economic Review, 15, p. 384–414.CrossRefGoogle Scholar
  2. Bärlocher J., B. Schips, P. Stalder (1999), Makroökonomische Auswirkungen eines EU-Beitritts der Schweiz, BWA-Schriftenreihe, Beiträge zur Wirtschaftspolitik, Bern.Google Scholar
  3. Drèze, J.H., Ch. Bean (1990), Europe’s Unemployment Problem, MIT Press, Cambridge.Google Scholar
  4. Hollinger, P. (1996), The Stacked-Time Simulator in TROLL: A Robust Algorithm for Solving ForwardLooking Models, Second International Conference on Computing in Economics and Finance, Geneva (Intex Solutions, Inc., Needham MA).Google Scholar
  5. Kooiman, P. (1984), Smoothing the Aggregate Fix-Price Model and the Use of Business Survey Data, The Economic Journal, 94, p. 899–913.CrossRefGoogle Scholar
  6. Lambert, J.P. (1988), Disequilibrium Macro Models, Theory and Estimation for Rationing Models Using Business Survey Data, Cambridge University Press, Cambridge MA.Google Scholar
  7. Sneessens, H.R. (1990), Structural Problems in Macroeconomic Models, Structural Change and Economic Dynamics 1, p. 27–40.CrossRefGoogle Scholar
  8. Stalder, P. (1989), A Disequilibrium Model with Smooth Regime Transitions and a Keynesian Spillover for Switzerland’s Labor Market, European Economic Review, 33, p. 863–893.CrossRefGoogle Scholar
  9. Stalder, P. (1991a), A Macro Disequilibrium Model for Switzerland, Recherches Economiques de Louvain, 57, p. 125–158.Google Scholar
  10. Stalder, P. (1991b), Regime Transitions, Spillovers and Buffer Stocks — Analysing the Swiss Economy by Means of a Disequilibrium Model, Lecture Notes in Economics and Mathematical Systems, 360, Berlin: Springer-Verlag.Google Scholar
  11. Stalder, P. (1993), Disequilibrium Models and the Use of Business Survey Data, in Karmann, A. et al., Operations Research ′92, Physica-Verlag, Heidelberg.Google Scholar
  12. Stalder, P. (1994a), Excess Demand, Capacity Adjustments and Price Setting — An Econometric Model for Swiss Manufacturing Based on Survey Data, KOF-Arbeitspapier, Konjunkturforschungsstelle der ETH, Zürich.Google Scholar
  13. Stalder, P. (1994b), Ungleichgewichte auf dem schweizerischen Arbeitsmarkt — Eine ökonometrische Modeilschätzung, Schweiz. Zeitschrift für Volkswirtschaft und Statistik, 130, p. 445–463.Google Scholar
  14. Stalder, P. (1995), Wage-Price Dynamics and Unemployment Persistence in Switzerland — The Case of a Small Economy with a Large Share of Foreign Labor, CEPR-Workshop on Nominal Wage-Price Sluggishness, Centre for Economic Policy Research, University of Aarhus.Google Scholar
  15. Stalder, P. (1999), The Monetary Block of the KOF/ETH-Macromodel, mimeo, Konjunkturforschungsstelle der ETH, Zürich.Google Scholar
  16. Walsh, C.E. (1998), Monetary Theory and Policy, Cambridge: MIT Press.Google Scholar

Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • Peter Stalder

There are no affiliations available

Personalised recommendations