Date of Birth: Börsenstrasse 15

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CURRICULUM VITAE March 2016 Name: Philip Sauré Nationality: German International Policy Analysis Date of Birth: 13.10.1972 Börsenstrasse 15 Email: philip.saure@snb.ch CH - 8001 Zurich Phone: +41 58 631 39 16 Webpage: www.eui.eu/personal/jmf/philipsaure PROFESSIONAL AFFILIATIONS Research Fellow at CESifo Network EMPLOYMENT Jan. 2011 - Senior Economist, present Sept. 2007 - Economist, Dec. 2010 Aug. 2005 - Post-Doctoral Fellow, European University Institute, Aug. 2007 Florence, Italy EDUCATION 2002-2005 Ph.D. Economics, Summa Cum Laude Universitat Pompeu Fabra, Barcelona, Spain Thesis: Some popular arguments against free trade and their limitations Advisor: Professor Jaume Ventura 2000-2002 M.A. Economics with Honors Universitat Pompeu Fabra, Barcelona, Spain 1994-1999 Diplom Mathematics (Physics minor) grade 1.0 Ruprecht-Karls-Universität, Heidelberg, Germany

RESEACH VISITS 2014 Nov. - Dec.: Peterson Institute for International Economics, Washington DC, USA 2014 May: CESifo Institute, Munich, Germany 2011 July: The Eitan Berglas School of Economics, Tel Aviv University, Israel 2010 March - April: The Woodrow Wilson School, Princeton University, Princeton, USA 2009 March: The Eitan Berglas School of Economics, Tel Aviv University, Israel 2008 April - May: The Eitan Berglas School of Economics, Tel Aviv University, Israel GRANTS AND SCHOLARSHIPS Max Weber Fellowship, European University Institute, Florence, Italy (2006-2007) Post-Doctoral Fellow, European University Institute, Florence, Italy (2005-2006) Pre-doctoral Scholarship, Catalonian Government (2002-2004) PEER-REVIEWED PUBLICAITONS Repatriation of Sovereign Debt in the Euro Crisis (with Filippo Brutti) Journal of the European Economic Association, Vol. 14.1 (2016) pp. 145-174 Transmission of Sovereign Risk in the Euro Crisis (with Filippo Brutti) Journal of International Economics, Vol. 97.2 (2015) pp. 231-248 Effects of Trade on Female Labor Force Participation (with Hosny Zoabi) Journal of Development Economics, Vol. 111 (2014) pp. 17-33 Domestic Policies in Self-Enforcing Trade Agreements European Economic Review, Vol. 68 (2014) pp. 19-30 Fixed Costs per Shipment (with Andreas Kropf) Journal of International Economics, Vol. 111 (2014) pp. 17-33 CHF Strength and Swiss Export Performance - Evidence and Outlook from a Disaggregate Analysis (with Raphael Auer) Applied Economics Letters, (2012) Industry Composition and the Effects of Exchange Rates on Exports Why Switzerland is Special (with Raphael Auer) Aussenwirtschaft, (2011) Vol. III Bounded Love of Variety and Patterns of Trade Open Economies Review, Vol. 23 (2012) pp. 645-674 Revisiting the Infant Industry Argument Journal of Development Economics, Vol. 84 (2007) pp. 104-117

POLICY PUBLICAITONS The Resilient Trade Surplus, the Pharmaceutical Sector, and Exchange Rate Assessments in Switzerland Peterson Institute for International Economics WP15-11. 2015. Trade Finance: developments and issues (report of CGFS Working Group) CGFS Papers (2014) No. 50 Prices of Swiss traded goods during the Great Trade Collapse SNB Quarterly Bulletin 1/2014 March The globalisation of inflation: a view from the cross section, in: Bank for International Settlements (ed.), Globalisation and inflation dynamics in Asia and the Pacific, Vol. 70, pp. 113-118 Bank for International Settlements (with Raphael Auer) Pharmawaren und die Handelsbilanz der Schweiz Die Volkswirtschaft, (2012) Jahrgang 85, 7/8-2012 The role of valuation and leverage in procyclicality (report of FSF / CGFS Working Group) CGFS Papers (2009) No. 34 WORKING PAPERS Spatial Competition in Quality (with Raphael Auer) SNB Working Paper 2011-10 Revise and Resubmit: Journal of Economic Theory Quality Pricing-to-Market (with Raphael Auer and Thomas Chaney) SNB Working Paper 2012-11 Revise and Resubmit: Journal of International Economics Time-Intensive R&D and Unbalanced Trade Revise and Resubmit: European Economic Review Retirement Age Across Countries: The Role of Occupations (joint with Hosny Zoabi) SNB Working Paper 2012-06 Overreporting Oil Reserves SNB WP 2010-7 How to Use Industrial Policy to Sustain Trade Agreements SNB WP 2008-12 When Stolper-Samuelson Does Not Apply - International Trade and Female Labor (with Hosny Zoabi) Swiss Bank Accounts (with Martin Brown and Barbara Doebeli)

WORK IN PROGRESS International Inflation Spillovers Through Input Linkages (joint with Raphael Auer and Andrei Levchenko) Policy, Occupations and the Retirement Age (joint with Hosny Zoabi and Yona Rubinstein) The Speed of Exchange Rate Pass-Through (joint with Andreas Fischer and Barthélémy Bonadio) INVITED SEMINARS Boston University, Carlos III (Madrid), CEU (Budapest), CERGE (Prague), CESifo, Munich, ETH Zurich, Hebrew University (Jerusalem), Humboldt University (Berlin), Oxford University, Philadelphia FED, Peterson Institute for International Economics (Washington DC), Sabanci University (Istanbul), Tel Aviv University, Universitat Pompeu Fabra (Barcelona), University of Alicante, University of Essex, University of Kiel, University of Mannheim, University of Nottingham, University of Southampton, University of Zurich, UQAM (Montreal), ZEW Mannheim. TEACHING EXPERIENCE Microeconomics (TA-class undergraduate, Universitat Pompeu Fabra) Probability Theory (TA-class undergraduate, Universitat Pompeu Fabra) Economic Theory (TA-class undergraduate, Universitat Pompeu Fabra) Microeconomics (TA-class PhD, Universitat Pompeu Fabra) International Trade (TA-class PhD, Universitat Pompeu Fabra) REFEREEING American Economic Review, B.E. Journal of Economic Analysis & Policy, Economic Journal, Journal of Development Economics, Journal of Economic Growth, Journal of International Economics, Journal of the European Economic Association, Economica, Open Economies Review, Review of International Economics LANGUAGES German (native), English (fluent), Spanish (fluent), French (some)

REFERNCES Professor Jaume Ventura Professor Andrei A. Levchenko Universitat Pompeu Fabra University of Michigan Ramon Trias Fargas, 25-27 611 Tappan Street 08005-Barcelona, Spain Ann Arbor, MI 48109, USA Email: jventura@crei.cat Email: alev@umich.edu Phone: (+34) 93 542 1765 Phone: +1 (734) 764-3296 Professor Andreas M. Fischer International Trade and Capital Flows Börsenstrasse 15 8001 Zürich, Switzerland Email: andreas.fischer@snb.ch Phone: +41 58 631 32 94