Pascal Seiler

Pascal Seiler

Postdoctoral Researcher and Economist

ETH Zurich

KOF Swiss Economic Institute

Biography

I am a Postdoctoral Researcher at ETH Zurich and an Economist at the KOF Swiss Economic Institute.

My professional experience covers research and policy positions at the European Central Bank (ECB), Swiss National Bank (SNB), and ETH Zurich. During my doctoral studies, I was part of the Price-Setting Microdata Analysis (PRISMA) research network set up by the European System of Central Banks (ESCB).

I hold a Doctor of Sciences (Dr. sc. ETH Zurich) in Economics from ETH Zurich, a Master’s degree (MSc) in International and Monetary Economics from the University of Basel and the University of Bern, and a Bachelor’s degree (BA) in Mathematics and Philosophy from the University of Basel. My academic performance has been honored with multiple awards.

Interests
  • Empirical macroeconomics
  • Monetary economics
  • Price setting
Education

  • PhD in Economics, 2024

    ETH Zurich

  • MSc in International and Monetary Economics, 2017

    University of Basel, University of Bern

  • BA in Mathematics and Philosophy, 2015

    University of Basel

Publications

Peter Karadi, Juergen Amann, Javier Sánchez Bachiller, Pascal Seiler, Jesse Wursten (2023). Price setting on the two sides of the Atlantic - Evidence from supermarket scanner data. Journal of Monetary Economics.

Article ECB Working Paper No. 2853 CEPR DP No. 18126 VoxEU

Pascal Seiler (2020). Weighting bias and inflation in the time of Covid-19: Evidence from Swiss transaction data. Swiss Journal of Economics and Statistics.

Article CEPR Covid Economics Nr. 35 ifo Schnelldienst, 74, Nr. 09 KOF Bulletin Nr. 146 KOF Bulletin Nr. 143 VoxEU Ökonomenstimme TagesAnzeiger SonntagsZeitung (December 2020) SonntagsZeitung (July 2020) Neue Zürcher Zeitung

Research in progress

Nonlinearities of Monetary Policy across States of Price Rigidity
This paper analyzes the nonlinear effects of monetary policy across states of price rigidity. Consumer prices in the United Kingdom …
Pascal Seiler
Working Paper
Nonlinearities of Monetary Policy across States of Price Rigidity
Time Variation in Price Setting and Monetary Non-Neutrality
This paper studies the implications of changes in price-setting behavior for the transmission of monetary policy. The analysis is based …
Barbara Rudolf, Pascal Seiler
Working Paper
Time Variation in Price Setting and Monetary Non-Neutrality
The Price of War: Causal Evidence on Firms' Price Setting in Response to the War in Ukraine
This paper studies the causal effects of the Russian invasion of Ukraine in spring 2022 on firms' price-setting behavior in …
Pascal Seiler
Working Paper
The Price of War: Causal Evidence on Firms' Price Setting in Response to the War in Ukraine
How Do Companies Set Their Prices? Survey Evidence From Switzerland
Using a survey of Swiss companies, this paper provides qualitative evidence on price-setting behavior along different stages of price …
Pascal Seiler
KOF Analysen 2022(4) KOF Bulletin Nr. 169 SRF 10vor10 SRF News SRF Espresso Blick
How Do Companies Set Their Prices? Survey Evidence From Switzerland
Price Setting Before and During the Pandemic: Evidence from Swiss Consumer Prices
We provide new evidence on price rigidity at the product level based on microdata underlying the Swiss consumer price index from 2008 …
Barbara Rudolf, Pascal Seiler
ECB Working Paper No. 2748 SNB Working Paper No. 2022-12 KOF Working Paper No. 506 SUERF Policy Brief No. 512
Price Setting Before and During the Pandemic: Evidence from Swiss Consumer Prices
See all

Policy reports

Study on inflation expectations in the survey of Swiss consumer sentiment
The Swiss Consumer Sentiment Index has been one of the most important economic indicators for Switzerland since 1972. This survey …
Klaus Abberger, Nina Mühlebach, Pascal Seiler, Stefanie Siegrist
Grundlagen für die Wirtschaftspolitik Nr. 51 KOF Studies Die Volkswirtschaft KOF Bulletin Nr. 186
Study on inflation expectations in the survey of Swiss consumer sentiment
Price setting during the coronavirus (COVID-19) pandemic
The coronavirus (COVID-19) pandemic caused a deep recession globally, as well as in the euro area, accompanied by a steep decline in …
Lukas Henkel, Elisabeth Wieland, Aneta Błażejowska, Cristina Conflitti, Brian Fabo, Ludmila Fadejeva, Jana Jonckheere, Peter Karadi, Paweł Macias, Jan-Oliver Menz, Pascal Seiler, Karol Szafranek
ECB Occasional Paper No. 324
Price setting during the coronavirus (COVID-19) pandemic
Wirtschaftliche Auswirkungen der Haltung der EU in Zusammenhang mit den institutionellen Fragen CH-EU
Machbarkeitsstudie im Auftrag des Eidgenössischen Departements für auswärtige Angelegenheiten (EDA). Im Januar 2019 erfolgte in der EU …
Klaus Abberger, Nina Mühlebach, Pascal Seiler, Michael Siegenthaler, Stefanie Siegrist, Jan-Egbert Sturm, Martin Wörter
Causes and effects of a low interest period - an empirical analysis with micro- and macrodata
Since the end of the 1980s, interest rates have fallen both nominally and in real terms worldwide. This development can also be …
Reto Föllmi, Torsten Schmidt, Niklas Isaak, Philipp Jäger, Pascal Seiler
Grundlagen für die Wirtschaftspolitik Nr. 26 Die Volkswirtschaft TagesAnzeiger Neue Zürcher Zeitung Le Temps Finanz und Wirtschaft Nau
Causes and effects of a low interest period - an empirical analysis with micro- and macrodata

Other contributions

Konjunkturbericht: Prognose 2025 / 2026
Lack of recovery in Europe clouds prospects for the Swiss economy
KOF Economic Forecast 2024 Q3
Investment Survey Spring 2024
Many companies want to invest more - environmental projects fall by the wayside
KOF Bulletin Nr. 186 KOF Investment Survey
Konjunkturbericht: Prognose 2024 / 2025
Recovery in Europe supports Swiss economy
KOF Economic Forecast 2024 Q2
Konjunkturbericht: Prognose 2024 / 2025
Global economic weakness hampers Swiss economy
KOF Economic Forecast 2024 Q1
Investment Survey Autumn 2023
Investment on the rise, but not in all sectors
KOF Bulletin Nr. 182 Die Baustellen KOF Investment Survey
See all

Education

 
 
 
 
 
ETH Zurich
Postdoctoral Researcher in Economics
ETH Zurich
Oct 2024 – Present
 
 
 
 
 
ETH Zurich
Doctor of Sciences (Dr. sc. ETH Zurich) in Economics
ETH Zurich
Sep 2019 – Sep 2024
 
 
 
 
 
London School of Economics and Political Science
Tools for Macroeconomists: The Essentials & Advanced Tools
London School of Economics and Political Science
Jul 2019 – Aug 2019
Numerical methods for analysing and estimating macroeconomic models (DSGE models, models with heterogeneous agents, continuous-time models)
 
 
 
 
 
University of Basel, University of Bern
Master of Science (MSc) in International and Monetary Economics
University of Basel, University of Bern
Dec 2017 – Feb 2015
Grade: summa cum laude
Thesis: Expectation Formation and Monetary Policy in an Agent-Based Model (with distinction)
 
 
 
 
 
University of Basel
Bachelor of Arts (BA) in Mathematics and Philosophy
University of Basel
Feb 2012 – Dec 2014
Grade: summa cum laude (Philosophy) and insigni cum laude (Mathematics)
Thesis: Deduction between Moral Law and Freedom. On Immanuel Kant’s Attempt of a Moral Foundation in his Critique of Practical Reason (in German)

Experience

 
 
 
 
 
European Central Bank, Directorate General Research
Consultant
European Central Bank, Directorate General Research
Sep 2021 – Dec 2023 Frankfurt
 
 
 
 
 
European Central Bank, Directorate General Research
PhD Trainee
European Central Bank, Directorate General Research
Sep 2020 – Aug 2021 Frankfurt
 
 
 
 
 
ETH Zurich, KOF Swiss Economic Institute
Economist
ETH Zurich, KOF Swiss Economic Institute
Jul 2019 – Present Zurich
 
 
 
 
 
Swiss National Bank, Inflation Forecasting
Intern
Swiss National Bank, Inflation Forecasting
May 2018 – Apr 2019 Zurich
 
 
 
 
 
University of Basel, Computational Economics and Finance
Research Assistant
University of Basel, Computational Economics and Finance
Sep 2017 – Apr 2018 Basel
 
 
 
 
 
University of Basel, Practical Philosophy
Teaching Assistant
University of Basel, Practical Philosophy
Aug 2014 – Jan 2015 Basel
 
 
 
 
 
Manor AG
Online Merchandise Manager
Manor AG
Jan 2015 – Apr 2017 Basel

Academic awards & grants

Research grant
Swiss State Secretariat for Economic Affairs Sep 2023 – Dec 2023
Economic study on the measurement of inflation expectations in the Swiss consumer sentiment survey (CHF 50,000)
Isaac Kerstenetzky Award 2022
Fundação Getulio Vargas Sep 2022
The paper Surprises in Prices: Firms' Price Expectations and Changes in Their Price Plans was chosen as the best paper in the Young Researcher Category of the 36th CIRET conference in Istanbul, Turkey.
Research grant
Swiss State Secretariat for Economic Affairs Apr 2020 – Jun 2021
Research grant to study the impact of low interest rates on firms' investment activity (CHF 130,000)
Award for the best Master’s thesis 2017/2018
Department of Business and Economics, University of Basel Dec 2018
Winner of the 2014 essay competition
Swiss Philosophy Society May 2014
The dignity of embryos. On the moral status of prenatal life and the social significance of the discussion about its recognition
Basler Maturandenpreis der Novartis
Novartis International AG Feb 2011
Novartis has been awarding the Basler Maturandenpreis since 1969 to one graduate student per school and year for his or her outstanding academic performance, excellent social skills and exceptional commitment during his or her time at school.
Maturandenpreis Basel-Landschaft
Canton of Basel-Landschaft Dec 2010
Graduation award for a grade point average of 5.8 / 6.0

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