Using granular custom data available for a wide range of countries, a counterfactual of the evolution of Swiss goods exports is constructed under the premise that the minimum exchange rate policy would not have been by the Swiss National Bank in January 2015. As this unexpected and sudden Swiss Franc appreciation was not anticipated by the various actors in the economy, it qualifies as a «quasi natural» experiment to study the dynamic adjustments due to the exchange rate shocks both on aggregate and sectoral level.
Project duration: 2020 to 2022