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 since the 19th century, 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

Interest rates in Switzerland 1852-2020, 2021 (In progress)

with Niko Hauzenberger, Florian Huber, Rebecca Stuart, and Cédric Tille

  • We construct novel monthly interest rate and exchange rate data for Switzerland and analyse the most important driving forces.

  • [Policy report]

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

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]

Shocking interest rate floors, 2019 (Revise and Resubmit European Economic Review)

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]