Economist – Monetary Analysis

Analysis and Policy Advice

Monetary Policy

10600

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: €5,438 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 27.01.2025

Your team You will be part of the Monetary Analysis Division in the Directorate General Monetary Policy. Our Directorate General monitors and analyses the ECB’s monetary policy strategy and stance as well as broader monetary and financial developments. We are currently working on the monetary policy response to inflation and its transmission to the wider economy.

In your role as Economist, you will be part of the Money, Credit and Financial Accounts Section. The Section has around 20 members of staff and is responsible for analysing the transmission of monetary policy. We examine the dynamics of bank and non-bank credit as well as broader financial flows in the euro area economy by applying state-of-the-art empirical methods to macroeconomic and granular data. We also analyse how developments in private sector balance sheets, macro-financial linkages, central bank digital currencies and climate change may affect monetary policy transmission and broader monetary conditions. You will work closely with the staff and management team of the Division and the Directorate General, as well as with stakeholders in other business areas.

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 an Economist you will:

• contribute to and coordinate the Section’s input into flagship products produced by the Division;
• work with other business areas on high-level policy documents such as speeches by Executive Board members;
• engage and collaborate with staff members and management within the Division, the Directorate General and across the ECB;
• contribute to improving the Section’s modelling infrastructure and employ it to provide policy advice;
• foster the consolidation and growth of the team as a key contributor to the assessment of monetary policy transmission in the euro area;
• present the results of analysis of key policy issues at ECB and Eurosystem fora.

We are seeking candidates for this role who demonstrate the potential for growth, and we will support the selected candidates in their future development of the required knowledge, skills or competencies.

We value a track record of diverse relevant experience gained through internal or external mobility and/or positions held prior to working at the ECB.

The position offers you excellent opportunities to join a highly skilled and motivated team and to utilise and further develop your analytical skills to inform the ECB’s monetary policy decisions. 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, finance or another relevant field (see How you can join us for details on degree equivalences);
• a PhD and a research publication record in economics or finance;
• in addition to the above, a minimum of one year of professional experience (other than as a trainee or intern) in the field of bank and non-bank finance, monetary policy or financial markets;
• professional experience gained in a central bank or comparable international institution or as a professor of economics or finance;
• working knowledge of the monetary policy transmission mechanism via banks;
• 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.

Desired:

• 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 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 will be convertible into a permanent contract after three years subject to individual performance and organisational needs.

For additional information on this specific vacancy, you can speak to the hiring manager, Miguel Boucinha, on +49 (0)69 1344 8451 between 12:00 and 13:00 on Thursday, 16 January.

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 how you can join us.