Christoffel, Kai

Economics

Division

Forecasting and Policy Modelling

Current position

Principal Economist

Fields of interest

Macroeconomics and Monetary Economics,
Mathematical and Quantitative Methods,
Labour Economics

Email

kai.christoffel@ecb.europa.eu

Other current responsibilities
  • 2017-2020
    Development of the ECB-MC multi country model
Education
  • 2001-2005
    PhD in Economics at Goethe University Frankfurt (Adviser: Volker Wieland)
  • 1997-1999
    Postgraduate Studies in Economics at Institute for Advanced Studies in Vienna
Professional experience
  • 2017-
    Principal Economist - Forecasting and Policy Modelling Division, Directorate General Economics, European Central Bank
  • 2012-2017
    Principal Economist - Monetary Research Division, Directorate General Research, European Central Bank
  • 2011-2012
    Senior Economist - Monetary Research Division, Directorate General Research, European Central Bank
  • 2009-2011
    Senior Economist - Econometric Modelling Division, Monetary Research Division, Directorate General Research, European Central Bank
  • 2004-2009
    Economist - Econometric Modelling Division, Monetary Research Division, Directorate General Research, European Central Bank
  • 2003-2004
    Researcher (part-time) - Research Center of Deutsche Bundesbank, Frankfurt, Germany
  • 2001-2004
    Research and Teaching Assistant - Goethe University Frankfurt, Germany
  • 1999-2001
    Economist - Modelling and Forecasting Unit; Directorate Economics, Austrian Nationalbank, Vienna

ECB Working Paper Series

2019
Angelini, Elena, Bokan, Nikola, Christoffel, Kai, Ciccarelli, Matteo, Zimic, Srečko
Introducing ECB-BASE: The blueprint of the new ECB semi-structural model for the euro area
No 2315
2015
Schabert, Andreas, Christoffel, Kai
Interest rates, money, and banks in an estimated euro area model
No 1791
2013
Warne, Anders, Coenen, Günter, Christoffel, Kai
Predictive likelihood comparisons with DSGE and DSGE-VAR models
No 1536
2011
Christoffel, Kai, Kilponen, Juha, Jaccard, Ivan
Government bond risk premia and the cyclicality of fiscal policy
No 1411
2010
Warne, Anders, Coenen, Günter, Christoffel, Kai
Forecasting with DSGE models
No 1185
2009
Christoffel, Kai, Costain, James, de Walque, Gregory, Kuester, Keith, Linzert, Tobias, Millard, Stephen, Pierrard, Olivier
Inflation dynamics with labour market matching: assessing alternative specifications
No 1053
Linzert, Tobias, Christoffel, Kai, Kuester, Keith
The role of labor markets for euro area monetary policy
No 1035
2008
Warne, Anders, Coenen, Günter, Christoffel, Kai
The new area-wide model of the euro area: a micro-founded open-economy model for forecasting and policy analysis
No 944
Christoffel, Kai, Kuester, Keith
Resuscitating the wage channel in models with unemployment fluctuations
No 923
2006
Linzert, Tobias, Christoffel, Kai, Kuester, Keith
Identifying the role of labor markets for monetary policy in an estimated DSGE model
No 635
2005
Christoffel, Kai, Linzert, Tobias
The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics
No 556

Journal publications

2016
Warne A., Coenen G. and Christoffel K.
Marginalized Predictive Likelihood Comparisons of Linear Gaussian State‐Space Models with Applications to DSGE, DSGE‐VAR, and VAR Models
Journal of Applied Econometrics
2010
Christoffel K. and Linzert T.
The Role of Real Wage Rigidity and Labor Market Frictions for Inflation Persistence
Journal of Money, Credit, and Banking
Smets F., Christoffel K., Coenen G., Motto R. and Rostagno M.
The use of DSGE models at the ECB
SERIEs, Journal of the Spanish Economic Society
Christoffel K., Kuester K. and Linzert T.
The Role of Labor Markets for Euro Area Monetary Policy
European Economic Review
2009
Christoffel K. and Kuester K.
The Elasticity of Unemployment with Respect to Benefits
Economics Letters
2008
Christoffel K. and Kuester K.
Resuscitating the Wage Channel in Models with Unemployment Fluctuations
Journal of Monetary Economics
2007
Coenen G., Levin A., and Christoffel K.
Identifying the Influences of Nominal and Real Rigidities in Aggregate Price-Setting Behavior
Journal of Monetary Economics

Other publications

2011
Christoffel K., Coenen G. and Warne A.
Forecasting with DSGE models
Oxford Handbook on Economic Forecasting