Switzerland: Selected Issues and Statistical Appendix

International Monetary Fund

No 1999/030, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Appendix compares two alternative time series approaches to analyzing Switzerland’s recent business cycle experience: first, the traditional “smooth-trend-plus-cycle approach,” which envisages observed output growth as fluctuating around a relatively smooth potential output growth path; and, second, the more recently developed “regime change approach,” which views business cycles as shifts between “high-growth” states (expansions) and “slow-growth” states (recessions) of the economy. The paper also examines Switzerland’s monetary policy framework, and describes the challenges to the Swiss tax system.

Keywords: ISCR; CR; tax burden; income tax; output growth; tax system; direct tax; monetary base; growth data; wealth tax; Income and capital gains taxes; Inflation; Personal income tax; Income tax systems; Europe; Global (search for similar items in EconPapers)
Pages: 88
Date: 1999-05-05
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