Tag Archive: trade surplus

Swiss GDP 2014 +1.9%. Trade Surplus Contributed More than Half, Consumption Lagged

According to the figures of Swiss Statistics, the Swiss trade surplus rose by 10.4% in 2014. Therefore its contribution to the 2014 real GDP is higher than 50%. Private consumption lagged compared to the other components of Gross Domestic Product.

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Julius Bär’s Acket Talking Nonsense: Too Much Transparency on SNB Sight Deposits?

Julius Baer's Chief Economist Janwillem Acket argues that by publishing weekly sight deposits, the SNB is telling the market too much. George Dorgan responds that this hiding of economic data will need to happen also in trade data, in GDP data and even in the disclosure of Swiss company results. For Adam Button, this contradicts the people's desire of transparency.

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Swiss Franc History: The Gold Standard and Bretton Woods

In this post we will show the history of the Swiss Franc until 1971, a monetary era driven by the gold standard and the Bretton Woods period, both periods with nearly fixed exchange rates.

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(5.3) FX Theory: Penn Effect and Balassa Samuelson Effect

George Dorgan extends the previous discussion on trade surplus countries. Now he explains the Penn and the Balassa-Samuelson Effect. He applies these principles to Germany, to Greece and to Switzerland.

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2a) Swiss Macro



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