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Intro -- Table of contents -- Basic statistics of Switzerland, 2014 -- Abbreviations and acronyms -- Executive summary -- The economy has performed well, but productivity growth has been weak -- The economy has been performing well -- Taming the housing market cycle -- Growth in real house prices --...

Recommendations for managing the housing cycle -- Raising efficiency in public spending -- Making the education system more inclusive and responsive to changes in the labour market -- Fostering value-based competition and better governance in health care -- Figure 14. Share of generics in the total...

Drivers of developments in the housing market -- Mortgage interest rates and affordability -- Figure 1.9. Mortgage interest rates in Switzerland -- Figure 1.10. Housing price-to-income ratios -- Figure 1.11. Housing affordability and costs -- Mortgage availability -- Figure 1.12. Mortgage volumes an...

Recommendations to mitigate risks in the housing market -- Bibliography -- Chapter 2. Raising public spending efficiency -- Introduction -- Figure 2.1. Government spending and employment -- Box 2.1. Data Envelopment Analysis -- Figure 2.2. Output inefficiency in secondary education, 2012 -- Figure 2...

Tackling the rise in pension expenditure -- Figure 2.13. Public finance projections -- Recommendations for tackling the rise in pension expenditure -- Improving the efficiency of fiscal equalisation -- Recommendations for improving efficiency in fiscal equalisation -- Increasing the share of public...