Japan’s central bank is spoiling the mood for Swiss investors

Japan’s central bank is spoiling the mood for Swiss investors

A new piece of bad news from currency watchdogs put investors in an alarmed mood on Tuesday and sent the stock market plummeting. The Swiss stock market ended Tuesday’s session clearly in the red and thus already canceled the previous day’s attempt to stabilize. Statements from a central bank were again given as the main…

Limitations of GDP as an Indicator of Welfare

Limitations of GDP as an Indicator of Welfare

Gross Domestic Product is an indicator of total economic activity. This indicator is also used frequently to describe social welfare. This is because GDP tends to correlate closely with consumption, which is then often used as a proxy for welfare. The idea is that people are happier if they consume more. This argument seems a…