Economist (ESCB/IO) - External Developments

Analysis and Policy Advice
International & European Relations

General Information

Type of contract Short-term contract, which may be extended to up to 36 months subject to individual performance and organisational needs

Contract end date 31.08.2025

Who can apply? EU nationals working for national central banks of the ESCB, international governmental organisations or other employers performing central banking or banking supervision tasks within the framework of the Eurosystem

Salary F/G (bracket 1 - step 1) full time monthly net salary: €6,909 plus benefits, for further information see what we offer.

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 26.06.2024

Your team

You will be part of the External Developments Division in the Directorate General International and European Relations. Our Division monitors and analyses economic conditions in non-EU countries and the situation of the global economy and international trade. We prepare macroeconomic projections for non-EU countries and the global economy, coordinate the international part of the ECB/Eurosystem staff projection exercise, and conduct simulation and scenario analysis relating to the international environment, including global trade. We also provide analysis and briefings on EU candidate and potential candidate countries and the EU accession process. Our research supports the decision-making bodies of the ECB and may be included in documentation used by Executive Board members and senior managers at European and international meetings. The Division also acts as the primary contact for central banks and other institutions in non-EU countries.

In your role as Economist, you will be part of the team responsible for the macroeconomic analysis, monitoring, forecasting and scenarios of the global economy and trade as well as key non-euro area countries. The work includes development of models and empirical tools as well as preparing briefing and conducting analytical studies on topical issues, including on global trade. It will involve working closely with the division and senior management and reporting to various committees and fora.

The ECB is an inclusive employer and we strive to reflect the diversity of the population we serve. We encourage you to apply irrespective of age, disability, ethnicity, gender, gender identity, race, religious beliefs, sexual orientation or other characteristics.

Your role

As an Economist you will:
  • contribute to the monitoring, analysis and forecasting of macroeconomic and trade developments at the global level; 
  • contribute to the development and maintenance of the modelling tools used in the Division for policy analysis, with an emphasis on designing and implementing model-based policy simulation scenarios;
  • conduct analytical studies of an applied nature for the Division’s regular and ad hoc policy contributions;
  • prepare briefing material for internal and international meetings, draft contributions for the ECB’s official publications (e.g. the Economic Bulletin, Financial Stability Report and Annual Report), and conduct analyses of policy-relevant issues;
  • present policy analysis and studies to internal and external committees and fora.

The position offers you excellent opportunities to develop macroeconomic modelling tools and apply them to the analysis of topical issues (e.g., understanding structural changes in the global economy).  You will work in close collaboration with the management team and will interact with other business areas as well as National Central Banks and international organisations (such as the IMF or World Bank). You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens. 

Qualifications, experience and skills

  • a master’s degree or equivalent in economics, finance or another relevant field (see How you can join us for details on degree equivalences);
  • in addition to the above, a minimum of three years’ professional experience (other than as a trainee or intern) in international macroeconomic analysis and policy with a focus on at least one of the following areas:
    • development and use of (multi-country) macro-models for policy simulations and spillovers analysis or, 
    • use of state-of-the-art econometric techniques applied to policy questions or,
    • conduct policy-relevant analysis to support the preparation of briefings and policy positions. 
  • expert knowledge of econometric software such as MATLAB, STATA, Julia or Dynare;
  • excellent communication skills;
  • an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the Common European Framework of Reference for Languages.

  • a PhD in economics, finance or another relevant field;
  • the ability to combine policy-oriented and analytical work.

You engage collaboratively with others. You pursue team goals and learn willingly from other people’s diverse perspectives. You signal any need for change by explaining it and proposing alternative solutions. You analyse complex information effectively and can evaluate different views to arrive at solutions. You know and anticipate stakeholder needs.

You are motivated to be part of our team and to develop and use your skills and competencies to achieve the aims of this position.
You are aware of your strengths and areas for development and know what motivates you to perform at your highest level.

Working modalities

We would be happy to discuss a part-time arrangement for this role.

Further information

The contract offered will be short-term ESCB/IO, the appointment being for 12 months as of the exact starting date of the selected person, extendable to up to 36 months.

Candidates must have a contract of employment with their home institution for a period of at least one year beyond the duration of the ECB contract being offered. 

For additional information on this specific vacancy, you can speak to the hiring manager, Maria Grazia Attinasi, on +49 (0) 1722504037 between 16:00 and 17:00 on Friday, 14 June 2024, or send a short message to to arrange a call.

Application and selection process

The recruitment process for this position will be conducted remotely. It will include a written exercise and an interview. 

If you are not selected for this position but are still considered suitable, you will be placed on a reserve list (see step 4 of How we hire), from which you might be considered for similar positions within the ECB.

Find out how to apply for a position at the ECB. 
Read more about joining us.