Research Analyst - Prices and Costs

Analysis and Policy Advice
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General Information

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

Contract end date 14.03.2023

Who can apply? EU nationals

Salary E/F (1) (minimum full time monthly net salary €4,229 and benefits, see further information section)

Role specialisation Datasets and Statistics

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 14.02.2022

Your team

You will be part of the Prices and Costs (PAC) Division in the Directorate General Economics.

Our Division, which consists of a team of around 20 experts, monitors, analyses and forecasts nominal macroeconomic developments in the euro area and its constituent countries and sectors and assesses inflationary pressures, as well as associated prospects, risks and uncertainties, from various perspectives, including cyclical and structural perspectives, analysing factors related to both the external environment and domestic wage and profit developments. The Division provides input for internal decision-making processes and external communications on inflation. 

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 Research Analyst in the Prices and Costs Division you will:
  • build and maintain database infrastructures; 
  • summarise and visualise data (including micro data); 
  • compile and analyse macroeconomic data for briefings, regular reports, ECB publications, and analytical/research projects in areas of interest for the Division, including wage and price inflation, profit developments, inflation expectations and housing costs; 
  • support the development and enhancement of analytical tools in the area of inflation analysis, monitoring and forecasting; 
  • contribute to forecasting developments of price and wage inflation in the euro area; 
  • guide trainees and contribute to the overall coordination of the various PAC Data Centre work streams. 

The position offers you excellent opportunities to work on a large range of issues related to inflation, including policy implications, to use your data management as well as economic and econometric modelling skills and acquire new ones, to gain experience of core processes supporting the decision-making of the Eurosystem, including working closely with other parts of the ECB and national central banks, and to have the chance to be involved in the innovation activities of the Directorate General’s Data Integration Team. 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 bachelor’s degree or equivalent in economics or statistics or another relevant field (click here for details on degree equivalences);
  • relevant professional experience (beyond experience acquired in the course of studies) in the economic analysis of macroeconomic data; 
  • sound experience with statistical software, e.g. MATLAB, R, Stata; 
  • a broad knowledge of macroeconomics;
  • practical experience in using data visualisation tools such as Tableau or creating interactive web applications using tools such as R Shiny;
  • experience in analysing and forecasting inflation developments in the context of policy analysis;
  • practical experience in creating, organising and maintaining macro or micro datasets;
  • 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 master’s degree or equivalent in economics or statistics or another relevant field (click here for details on degree equivalences); 
  • a sound understanding of economic issues related to inflation, its measurement and its components and drivers (prices and wages and their interaction, the pricing chain, house prices and owner-occupied housing) and the ability to support applied economic analysis;
  • a solid background in econometrics (in particular, time series econometrics, econometrics of panel data and microeconometrics) or statistics and data science (such as web-scraping, text analysis or machine learning).

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 objectives 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 fixed-term, the appointment being for 13 months as of the exact starting date of the selected person.

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, Gerrit Koester, on +49 (0)69 1344 5645. 

Application and selection process

The recruitment process for this position will be conducted remotely. It may include a pre-recorded video interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase – a written exercise and interviews. 

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 European Central Bank. Read more about joining us.