New SNB Working Paper: Diego M. Hager and Samuel Reynard develop a model showing how firms’ short and long-term demand forecasts shape their price setting. The model can explain why the speed of monetary policy transmission varies over time.
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New SNB Working Paper: Andreas Bachmann and Elizabeth Steiner build an economy-wide capacity utilisation measure that accounts for sectoral heterogeneity, improving on conventional manufacturing-based metrics.
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Financial Stability Report 2026: The Swiss National Bank presents its latest assessment of the stability of the Swiss financial system. An overview page with selected contents and the full report can be found at the following link:
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