Baseline work on economic policy

The Economic and Monetary Policy Division (EMP) advises the Head of the Federal Department of Finance and the Executive Board of the Federal Finance Administration (FFA) on economic and monetary policy issues. EMP's work serves to ensure sound economic, fiscal and monetary policy decision-making. By publishing working papers, baseline reports and notes, EMP promotes dialogue between politicians, public services, academia and interested parties, and underpins the importance of the FFA as a centre of competence for fiscal policy. This page also lists EMP's work that has been published in academic journals.

Debt brake

Braendle & Elsener (2024) Do fiscal rules matter (PDF, 1 MB, 19.09.2024)Swiss Journal of Economics and Statistics

Further work on Debt brake

Long-term challenges

Lerch et al. (2024) Belastet die Klimapolitik die öffentlichen Finanzen (PDF, 1 MB, 26.06.2024)Die Volkswirtschaft

Further work on Long-term challenges

Monetary policy and financial markets

Schmidbauer et al. (2023) Kein Annahmezwang für Bargeld (PDF, 850 kB, 15.05.2023)Die Volkswirtschaft

Further work on Monetary policy and financial markets

Climate policy

Brändle (2021) An introductory note on integrating climate into macroeconomic modelling, OECD Paris Collaborative on Green Budgeting (PDF, 498 kB, 01.09.2021)

Further work on Climate policy

Business cycle and growth

Lerch (2025) From Blue- to Steel-Collar Jobs: The Decline in Employment Gaps?

American Economic Journal: Macroeconomics

Further work on Business cycle and growth

Taxes, subsidies and distribution

Brändle et al. (2024) Anforderungen an Standortmassnahmen im Rahmen der OECD-Mindestbesteuerung (PDF, 285 kB, 03.04.2024)Archiv für Schweizerisches Abgaberecht

Further work on Taxes, subsidies and distribution

Publication list, Economic and Monetary Policy (PDF, 352 kB, 18.12.2024)

Last modification 07.01.2025