Senior Economist (ESCB/IO) - Business Cycle Analysis

Analysis and Policy Advice
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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 30.09.2025

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 2 - step 1) full time monthly net salary: €7,613 plus benefits, for further information see what we offer.

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 19.06.2024

Your team

You will be part of the Business Cycle Analysis Division in the Directorate General Economics. Our Division analyses and forecasts real macroeconomic developments in the largest euro area countries and in the euro area as a whole. This includes monitoring business cycles, developing and using forecasting tools and analysing the main domestic demand components. We also assess euro area sector accounts and produce and analyse the ECB’s Corporate Telephone Survey and the Consumer Expectations Survey. 

In your role as a Senior Economist, you will be part of the Consumer Expectations Survey team. You will support the further development of the survey and the regular reporting of the results, and work on related analytical projects.

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 a Senior Economist you will:
  • use the Consumer Expectations Survey to contribute to the Division’s understanding of the euro area household sector and to provide policy advice;
  • work in collaboration with other business areas on policy documents;
  • present the results of analyses of key policy issues at ECB and Eurosystem fora;
  • publish the results of your work in the ECB’s Economic Bulletin and Working Paper Series, and in academic journals;
  • engage and collaborate with staff members and management within the Division and the Directorate General, and across the ECB.

The position offers you excellent opportunities to use the ECB’s Consumer Expectations Survey to provide timely policy advice. 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 (see How you can join us for details on degree equivalences);
  • in addition to the above, a minimum of seven years’ professional experience at the level of an economist in the field of consumer finance, labour markets, housing markets, consumer expectations or firm expectations (or a PhD in a relevant field plus three years’ professional experience at the level of an economist); 
  • practical experience working with software such as Stata or R;
  • a sound understanding of economic issues related to the household sector and how they affect the economic outlook;
  • experience in drafting clear and well-structured notes to strict deadlines, drawing on state-of-the-art economic and econometric analysis;
  • 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 and/or a research publication record in the field of consumer or firm surveys or another relevant field.

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 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.
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.

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, Beatrice Pierluigi, on +49 (0)69 1344 7167, preferably between 14:00 and 17:00 on Tuesday, 11 June.

Application and selection process

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