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 (bracket 1 - step 1) full time monthly net salary: €5,743 plus benefits, for further information see
what we offer.
Role specialisation
Economics and Monetary Policy
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
19.11.2021
Your team
You will be part of the Monetary Analysis Division in the Directorate General Monetary Policy. Our Division is made up of approximatively 35 people across two sections: the Bank Lending Conditions Section and the Money, Credit and Financial Accounts Section. Both sections are responsible for monitoring and analysing monetary and financial developments in the euro area from a microeconomic and macroeconomic perspective with a view to advising on the conduct of monetary policy. In this role, you will contribute to the calibration of standard and non-standard monetary policy measures working through bank and non-bank intermediaries.
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
We are looking for two Economists.
As an Economist in the Bank Lending Conditions Section, you will conduct regular analysis of the transmission of monetary policy via banks and you will assess bank liquidity and funding conditions across the euro area. You will help to assess the implications of banks’ regulatory and supervisory frameworks for the monetary policy transmission mechanism and the wider economy. The Section is also primarily responsible for the bank lending survey and helps to identify credit constraints using firm/bank-level information and more granular data from credit registers.
As an Economist in the Money, Credit and Financial Accounts Section, you will analyse credit dynamics and financial flows in the euro area economy. This will involve developing and applying econometric models and understand how credit conditions are linked to inflation, asset prices and economic activity . In addition, the Section contributes to the analysis of bank and non-bank credit developments, private sector balance sheets, macro-financial linkages and their implications for broader monetary conditions. The Section also provides regular input to the Eurosystem/ECB staff macroeconomic projection exercises and assesses the implications of central bank digital currencies.
The position offers you excellent opportunities to contribute to the assessment of the monetary policy transmission mechanism via banks and non-banks and to apply state-of-the-art econometric models to policy-relevant issues. 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
Essential:
- a master’s degree or equivalent in economics or another relevant field (click here for details on degree equivalences);
- sound knowledge of statistical and econometric techniques for analytical purposes;
- experience in preparing policy-related briefing and analytical material;
- very good writing skills and the ability to draft well-structured notes to strict deadlines;
- the ability to identify and address policy issues and to present analytical findings both in non-technical terms to policymakers and in technical terms at academic conferences;
- 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.
Desired:
- a PhD in economics or another relevant field, together with a research and publication record;
- a sound academic record in applied microeconomics or macroeconomics related to the monetary policy transmission mechanism.
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 use your skills and competencies to achieve the objectives of this position.
Further information
The formal title for this position will be Economist.
For additional information on this specific vacancy, you can contact Carlo Altavilla, Head of the Monetary Analysis Division (Carlo.Altavilla@ecb.europa.eu).
Application and selection process
The recruitment process for this position will be conducted remotely. It will include a written test, a presentation and interviews.
