Research economist at Liechtenstein Institute focusing on monetary economics, macroeconometrics, international macroeconomics and the Liechtenstein macroeconomy
Excited to give a keynote at the 4th Workshop in Empirical Macroeconomics, “Business Cycles in Times of Fragmentation and Uncertainty,” at the University of Innsbruck (March 26–27, 2026). Macro, winter & Kaiserschmarrn in the Alps – what’s not to like?
New article: https://t.co/QGtnAzERlt
Andreas Brunhart and @MartinCGeiger investigate the adjustment dynamics of aggregate and sectoral goods exports following the Swiss Franc exchange rate shock in January 2015.
Using granular customs data, the authors construct a counterfactual of the evolution of Swiss goods exports under the premise that the minimum exchange rate policy would have been continued.
They find that while Swiss total nominal exports decrease in Swiss Francs, they increase in Euros. In real quantities, total exports remain largely unaffected, indicating a high degree of resilience of the Swiss export industry. Furthermore, a sector-level analysis reveals heterogeneous adjustments, with varying degrees of supply-side adjustment flexibility across sectors. For example, the chemicals/pharmaceuticals sector was able to significantly reduce prices in domestic currency shortly after the shock had set in, thereby counteracting the increase in foreign currency and stabilizing real export quantities.
#ExchangeRate #ExportSector #SwissEconomy
@KaufmannDani @Marius_Brulhart@AlineButikofer@Ste_Buehler
Unser Kurzbericht über den Workshop in Empirical Macroeconomics, in Zusammenarbeit der Universität Innsbruck und dem Liechtenstein-Institut:
https://t.co/F8xBRosWxA
#EconTwitter 📢Upcoming Workshop in Empirical #Macroeconomics on April 4-5 in our beautiful #Innsbruck🐞☀️🍀
We welcome submissions until Jan 5 ‼️https://t.co/nhYLWajiU0
🚨Publikation: Produktionssubventionen und -abgaben im internationalen Vergleich. Im neuen LI Facts 1/2023 stellt Andreas Brunhart die Subventionstätigkeit der öffentlichen Haushalte in #Liechtenstein in einen internationalen Vergleich. #EconTwitter https://t.co/wkZhEtsct0
Our paper (w/ Jochen Güntner @jku_econ) on the chronology of #Brexit is forthcoming in the Journal of Monetary Economics
A Brexit surprise lowers GDP growth while raising CPI inflation. We find that the #BoE fended off a worse contraction
https://t.co/jN9W2cTxND