I am an Assistant Professor of Applied Macroeconomics at the University of Neuchâtel and Research Fellow 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.

My research focuses on inflation and exchange rate dynamics, the role of different monetary regimes, and nominal frictions. 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.

Follow me on Twitter (@KaufmannDani), Youtube, my blog, and on avis d'expert.


Research interests

Monetary macroeconomics, monetary history, forecasting

Selected key projects

Do sticky wages matter? New evidence from matched firm-survey and register data, 2020 (submitted)

with Anne Kathrin Funk

  • We examine the role of wage rigidities after the Swiss National Bank removed an exchange rate floor leading to a 1% decline in the price level. We find that sticky wages caused a 0.4% decline in income, 1% decline in employment income, and a 2% increase in unemployment. 

  • [Working paper]

A daily fever curve for the Swiss economy, 2020 (submitted)

with Marc Burri

Shocking interest rate floors, 2019 (submitted)

with Fabio Canetg

  • We 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.

  • [working paper, short_presentation, long presentation]