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2010, Vol. 146 (1) 215–220 a Economic Analysis Unit, Swiss National Bank, 8022 Zurich, Switzerland and University of Basel, Switzerland. E-mail: attilio.zanetti@snb.ch. I wish to thank Nicolas Cuche, Daniel Kaufman, Florence Miguet, Susanne Otto and Michel Peytrignet for helpful discussions. The views expressed in this paper are those of the author and do not necessarily reflect those of his affiliations. Discussion of “Unemployment and Monetary Policy in Switzerland” by Peter Kugler and George Sheldon

zeitschrift für schweizerische statistik und volkswirtschaft/schweizerische zeitschrift für volkswirtschaft und statistik/swiss journal of economics and statistics