Senior Economist FPM - climate change project

Analysis and Policy Advice

General Information

Type of contract Fixed-term contract, which may be extended subject to individual performance and organisational needs

Contract end date 31.08.2023

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 25.05.2021

Your team

You will be part of the Forecasting and Policy Modelling (FPM) Division in the Directorate General
Economics (DGE). The Division develops and maintains macroeconomic models and tools for forecasting and policy analysis and the corresponding data and model platforms.

We are currently planning to enhance our modelling toolkit and include new satellite models with environmental aspects. You will be part of a cross-divisional team developing satellite structural models for policy analysis that internalise environmental constraints and assess the macroeconomic and monetary impact of climate change and adaptation policies. 

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:
  • contribute to the enhancement of the Division’s current set of models and tools with emphasis on the specification of the energy sector, the microfoundations of the relevant climate externalities, the nature of climate disturbances, and the role of mitigation policies;
  • prepare the developed models and tools for policy analysis.

The position offers you a unique opportunity to conduct quantitative analysis building on recent
advances in macroeconomics and related fields, in close collaboration with staff in other divisions of the Directorate General Economics as well as in the Directorates General Monetary Policy and

Qualifications, experience and skills

  • a master’s degree or equivalent in economics or finance another relevant field  (click here for details on degree equivalences);
  • in addition to the above, a minimum of seven years of relevant working experience;
  • a good knowledge of the macroeconomic impact of climate change and of the relevant empirical and theoretical tools to assess climate-related issues; 
  • sound analytical and quantitative skills, and the ability to develop and use models and tools that constitute best practice according to recent academic developments; 
  • 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 research papers or reports (authored or co-authored) on the economic modelling of climate change, e.g. the economics of natural disasters, climate change adaptation and mitigation, green growth, or climate change and monetary policy;
  • proven experience in climate-related issues (such as physical and transition risks, emissions, or sustainability reporting);
  • knowledge of European and global initiatives in the area of climate change and sustainability (such as the Network for Greening the Financial System);
  • a publication record in peer-reviewed academic journals on economic modelling or environmental economics. 

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 use your skills and competencies to achieve the objectives of this position.

Working modalities

We are willing to discuss part-time arrangements.

Further information

Temporary appointments may be extended or made permanent subject to organisational needs and budgetary constraints. This may result in a staff member with a non-convertible fixed-term contract being offered a convertible contract in accordance with the ECB Conditions of Employment.

For additional information on this specific vacancy, you can speak to the hiring manager, Matteo Cicarelli, on +49 (0)69 1344 8721 between 12:00 and 13:00 on 14 May 2021.

Application and selection process

For further information on how to join us, read more.

The recruitment process for this position will be conducted remotely. It may include an interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase – a written exercise, a presentation and interviews. 
Please attach your CV and the research paper you will present during the interview.