Traineeships in the Directorate General Monetary Policy of European Central Bank

You will join the Directorate General Monetary Policy (DG/MP). DG/MP analyses the ECB’s monetary policy strategy and stance, as well as monitors monetary and financial developments. It also contributes to decision-making and external communications (e.g. through economic research papers, speeches and official ECB publications). You will be offered a traineeship in one of the following three divisions:

The Capital Markets and Financial Structure Division is responsible for monitoring, analysing and studying non-bank transmission of monetary policy, as well as cyclical and structural developments in the financial markets that have an impact on the euro area from a monetary policy perspective.

The Monetary Policy Strategy Division analyses and assesses the ECB’s monetary policy stance, as well as longer-term strategic issues, and contributes to decisions on ECB interest rates and non standard monetary policy measures. It also develops models and tools with the aim of analysing euro area money markets and the impact that standard and non-standard monetary policy measures have on financial conditions and the wider economy.

The Monetary Analysis Division monitors and analyses developments in money and credit, as well as looking at bank funding and lending conditions in the euro area from both a microeconomic and a macroeconomic perspective. It also develops quantitative and survey-based tools with a view to assessing the transmission of monetary policy – particularly the bank lending channel of monetary policy – and conducts studies looking at bank lending-related aspects of monetary policy.

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 your gender, gender identity, ethnicity, sexual orientation, age, religion, disability or other characteristics.

Further details:
Traineeships in the Directorate General Monetary Policy of European Central Bank