Nominal stability over two centuries
Abstract I assess the stability of the monetary environment in Switzerland over the past two centuries. In order to control for transitory measurement errors, in particular in nineteenth century data, I use an unobserved-components stochastic-volatility model to extract the permanent trends from sev...
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| Format: | Article |
| Language: | English |
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SpringerOpen
2019-06-01
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| Series: | Swiss Journal of Economics and Statistics |
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| Online Access: | http://link.springer.com/article/10.1186/s41937-019-0033-7 |