SWISS NATIONAL BANK ON INFLATION

To: The Right Honourable Swiss National Bank President Mr. Thomas Jordon

From: Athinarayanan Sanjeevraja

Date: November 12, 2018

RE: Inflation

Suggestion:

Mr. President let me start by paying my respects to you and through you to. The Swiss National Bank introduced a unique monetary policy framework which is based on inflation forecast in 2000. It was successful most of the time in reaching its mail goal. Swiss inflation hit to 1.2% for the first time since 2011. If I am not mistaken, soaring oil prices, more expensive imports and SNB exchange rate intervention drove Swiss inflation to 1.2%. Swiss inflation momentum is improving gradually. I do expect that Swiss inflation will range from 1 to 1.3 over the next couple of years. PPP (Purchasing Power Parity) will compensate for the difference in inflation between the currency zones. I fervently hope that Hon. President to keep inflation in check and to ensure the health of Swiss financial market. IMHO, price stability not as an end in itself but Hon. President should showed disciplined and reflected commitment to the goal of effectively and predictably stable prices. And also means of achieving stable and sustainable Swiss growth. There are many research concluded that the exchange rate intervention did indeed enhance into inflation. Svensson (2000) pointed out the success of exchange rate intervention lies in the inflation expectation. As an Analyst I do believe that exchange rate intervention is a convenient unconventional monetary policy tool. In my humble request to Hon. President, the exchange rate intervention should not stop until the SNB reaches its inflation goal.

Thank you very much for your attention.

Respectfully yours

Athinarayanan Sanjeevraja.

Athinarayanan Twitter

Athinarayanan Advisory Authority.

Comments

Nagorno-Karabakh conflict

To put things into perspective, Nagorno-Karabakh is not an independent entity but an occupied territory of the Azerbaijan Republic and is recognised by the international community and the UN. The fact that the Armenian Prime Minister's son is doing his military service in the Armenian army located in Azerbaijan's Nagorno-Karabakh and started an undeclared war against Azerbaijan, occupied Nagorno-Karabakh and 7 adjacent regions of Azerbaijan, and massacred and forcefully deported Azerbaijani aborigines was the main reason for the lack of peace in the region. The laws of armed conflict failed to protect the Nagorno-Karabakh civilian population, individual civilians, and civilian property. The laws of armed conflict failed to discriminate between those taking parts in the fighting in Nagorno-Karabakh. The laws of armed conflict failed to protect the environment as war causes severe or long term damage to the environment. The fact here is that there is a number of international doc...

SUGGESTION TO THE FEDERAL CONSTITUTIONAL COURT, GERMANY

SUGGESTION TO THE FEDERAL CONSTITUTIONAL COURT, GERMANY To: The Right Honorable Federal Constitutional Court Vice President From: Athinarayanan Sanjeevraja Date: 05.10.2011 RE: Issuance of Eurobond Suggestion: Approval of Issuing Eurobond Good Morning Prof. Dr. Kirchhof. I am writing to express that Federal constitutional court explicitly rules out Eurobonds a few weeks ago. In addition you had warned, Ms. Angela Merkel, a Chancellor of the Federal Republic of Germany, never again to propose Eurobond. This is certainly not good news for me as well as Europe. German brothers and sisters in the Euroland must help in this difficult moment with iss...

SUGGESTION TO THE PRIME MINISTER OF JAPAN YOSHIHIKO NODA

SUGGESTION TO THE PRIME MINISTER OF JAPAN YOSHIHIKO NODA To: The Right Honorable Japanese Prime Minister Yoshihiko Noda From: Athinarayanan Sanjeevraja Date: 30.09.2011 RE: Japan Energy Policy Suggestion: Changing Industrial Policy Good Morning Prime Minister. BBC World broadcasted your speech regarding alternate energy sources. I agree with your approach to reduce nuclear power in the medium term because having the nuclear reactors in an earthquake prone zone is not safe for the environment or the communities that live near them. Japan is struck in a difficult situation concerning energy. If you want to eventually move away from the nuclear energy, you’ll have to invest more alternative energy sources. If you can’t invest, then it may have to say with a nuclear power for a while. You need make the right decision because source of energy is dwindling. You have one more option which is Japanese people depend on nuclear power with only 1% but 9% including hydroe...

Search This Blog