I am an assistant professor of applied macroeconomics at the University of Neuchâtel and associated research professor at the KOF Swiss Economic Institute, ETH Zurich. I also held part-time teaching positions at the University of Bern and the Study Center Gerzensee. Before turning to academia, I worked as Senior Economist at the Swiss National Bank.
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\n\nMy research focuses on inflation and exchange rate dynamics and the role of different monetary regimes. I propose econometric tools to quantify and deal with measurement error in 19th century inflation data. In addition, I work on measuring the impact of large exchange rate fluctuations on the price- and wage-setting behavior, as well as, labor demand in Switzerland. Finally, I analyze the effects of exit strategies with large central bank balance sheets.
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\n\nFollow me on Twitter (@KaufmannDani) or on my blog.
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\n\nNews:
\n\n15 September 2019: I have a new blog post on the US term spread and the risk of a recession. Enjoy!
\n\t9 September 2019: On 26 September I will talk about the strong Swiss franc and monetary policy at a joint event of CVCI and the KOF Swiss Economic Institute in Lausanne. There will also be presentations and discussions with J.-C. Biver and J.-E. Sturm. The event is free for students and you can find more information here.
\n\t15 August 2019: Our paper on macroeconomic dynamics at the effective lower bound is now available ahead of print in Studies in Nonlinear Dynamics & Econometrics.
\n\t15 May 2019: My project with Fabio Canetg on the causal effects of interest rate floor policies is now available as a working paper.
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\n\tShocking interest rate floors, 2019
\n\nWe identify the causal effect of surprise changes in an interest rate floor exploiting regular auctions of SNB Bills (Swiss central bank debt securities). We find that a restrictive interest rate floor shock causes a higher money market rate, an appreciation of the Swiss franc, and a decline in stock prices.
\n\twith Fabio Canetg
\n\tMonetary macroeconomics, monetary history, forecasting
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