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This study is part of the OECD's “Taxation, Innovation and the Environment” programme and discusses the innovation impacts of the VOC tax in Switzerland.
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This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.
While Switzerland has weathered the crisis better than other OECD countries, it may have a lasting impact on the Swiss economy. The need for further structural reforms results from fiscal sustainability issues related to ageing and weak trend productivity growth.
While Switzerland has weathered the global crisis better than other OECD economies, challenges remain for monetary and fiscal policies, as well as financial market regulation.
OECD-Studie The High Cost of Low Educational Performance: für viele Regierungen hat gute Bildung erklärtermaßen Priorität, dennoch fällt das Thema häufig von der politischen Agenda. Ein Grund dafür ist, dass Investitionen in Bildung sich nur langfristig auszahlen und die positiven Effekte deshalb häufig unterschätzt werden.
The comparatively large magnitude of the losses of the two largest banks of Switzerland in relation to capital has underscored the systemic risks to the economy posed by the institutions’ size relative to Swiss GDP and their extensive cross-border and cross-currency activities.
The Swiss National Bank took decisive action to support financial market stability and dampen the recession. In the current situation, the main challenge facing the SNB concerns the exit strategy.
Renting accommodation in Switzerland is considerably more expensive than in other high income OECD countries.
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The global crisis will have a lasting impact on the Swiss economy. Despitethe recession, Switzerland has weathered the crisis better than otherOECD economies in part owing to exports in goods less sensitive to thebusiness cycle and resilient domestic credit markets, in part reflecting theabsence of a marked housing cycle. Swift intervention by the authorities tosupport the country’s largest bank also helped avoid an aggravation of