Nicolas Stoffels

Dr. Nicolas Stoffels, visiting fellow at the Peterson Institute during October 2017, is head of the Financial Markets Analysis unit at the Swiss National Bank, an appointment he has held since September 2017. He has been associated with the Swiss National Bank since 1994, starting as an economist in the Economic Analysis unit and most recently serving as head of the International Economic Analysis unit since 2007. In 2000–2001, he completed a post-doctoral assignment at the Federal Reserve Bank of New York in the International Research Function, where he conducted research on exchange rates and on price determination in speculative asset markets. ;His recent research centers on the determinants of global interest rates and the drivers of the trade balance and current account.

In his earlier position, Dr. Stoffels supervised the Swiss National Bank’s global macroeconomic forecasts and risk analysis. He has extensive experience in monitoring the international macroeconomy, global economic policy, and financial and commodity markets. He also worked on extending the Swiss National Bank’s quantitative nowcasting and forecasting tools and on implementing multiregion dynamic stochastic general equilibrium (DSGE) models. He has published and presented on topics including nowcasting models, and trade balance and valuation effects on current accounts.

Dr. Stoffels holds a MA (1993) in finance and international economics and a PhD (2000) in economics from the University of St. Gallen in Switzerland.