Senior Economist - Business Cycle Analysis

Analysis and Policy Advice
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General Information

Type of contract Fixed-term contract which may be converted into a permanent contract after three years subject to individual performance and organisational needs

Who can apply? EU nationals

Salary F/G (2) (minimum full time monthly net salary €5,451 and benefits, see further information section)

Role specialisation Economics and Monetary Policy

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 17.09.2021

Your team

You will be part of the Business Cycle Division in the Directorate General Economics. Our Division has about 30 staff monitoring, analysing and forecasting aggregate and sectoral real macroeconomic developments in the euro area and its largest countries. This includes short-term forecasting, the analysis of the main domestic demand components, risk analyses and the assessment of uncertainties surrounding the economic outlook. Our Division also assesses the euro area accounts and prepares external communications on business cycle developments. Our output includes articles and studies in publications such as the Economic Bulletin, Annual Report, Occasional Paper Series and Working Paper Series. We are currently working on: developing machine learning techniques and the use of high frequency indicators for nowcasting real GDP; the development of the new ECB Consumer Expectations Survey; and heterogenous agents’ models for understanding the distributional impact of difference policies. 

In your role as Senior Economist, you will be part of a team monitoring and analysing the euro area business cycle and/or forecasting the real side of the euro area economy and the largest euro area countries. You will also contribute to a range of operational tasks associated with the ECB’s regular economic analysis on these issues.

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 Senior Economist you will:
  • contribute to the divisional and cross-divisional processes, projects and products related to the euro area business cycle, analysing consumption and investment decisions and also analysing economic developments in the largest euro area countries, both for internal purposes and for external communication, such as ECB publications and speeches on topics linked to the euro area business cycle;
  • contribute to developing tools, models and the necessary infrastructure for analysing the euro area business cycle and/or forecasting the real side of the euro area economy and of the largest euro area economies;
  • provide detailed monitoring and analysis of short-term economic developments, domestic demand and the institutional sectors in the euro area and the largest euro area countries; 
  • contribute to the projections for the euro area and the largest euro area countries, in cooperation with other projections-oriented teams and national central banks;
  • establish and maintain contacts with a network of experts both within and outside the ECB;
  • prepare presentations and briefing materials on the euro area economic outlook for the meetings of the Governing Council, the General Council and European and international meetings attended by the Executive Board members. 

The position offers you excellent opportunities to be at the forefront of the analysis of key issues and policies relating to the euro area business cycle and/or forecasting and analysing macroeconomic developments in the largest euro area countries, with extensive and wide-ranging opportunities to further develop in your career. 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 or another relevant field (click here for details on degree equivalences);
  • an addition to the above, a minimum of seven years’ relevant experience as an economist in the Division’s areas of responsibility; 
  • proven experience of using quantitative, statistical and econometric techniques as well as a sound knowledge of relevant economic theory for analytical purposes in the Division’s areas of responsibility;
  • extensive knowledge of macroeconomic, microeconomic and survey data relating to the analysis of the euro area business cycle and of macroeconomic developments in the largest euro area countries;
  • 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 or a related field and/or a publication record on relevant macroeconomic topics;
  • professional experience in preparing policy-related briefing material and conducting applied analytical studies, as well as an ability to present analytical results in non-technical terms;
  • experience of using state-of-the-art quantitative techniques for individual and cross-country analyses of the business cycle and/or forecasting macroeconomic developments.

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 skilled at encouraging people to develop their abilities and are able to build up high-performing teams.

You are motivated to be part of our team and to use your skills and competencies to achieve the objectives of this position.

You are motivated to contribute to the ECB’s mission, to serve the citizens of the EU as a member of a public institution and to work with colleagues from all over Europe.

Working modalities

We are willing to discuss part-time arrangements.

Further information

For additional information on this specific vacancy, you can speak to the hiring manager, Thomas Warmedinger, on +49 69 1344 6518 or +49 173 2555228.

Application and selection process

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

The recruitment process for this position will be conducted remotely. It will include a written exercise, a presentation and interviews.