PhD traineeship in Macroprudential Policy and Financial Stability at European Central Bank

You will be part of the Policy Interaction Team in the Macroprudential Policy Division in the Directorate General Macroprudential Policy and Financial Stability. Our Directorate General has around 100 members of staff who analyse and provide policy advice on issues relating to financial stability, non-bank financial intermediation, financial regulation and macroprudential policy.

In your role as PhD trainee, you will be part of a six-person team responsible for conducting policy-relevant research and model-based analyses of monetary policy, macroprudential policy and financial stability. Working closely with financial stability experts in your team, you will contribute to the development and use of general equilibrium models (e.g. dynamic stochastic general equilibrium (DSGE)) with financial intermediation to answer topical policy questions concerning, for example, the effects of monetary policy and macroprudential policy on financial stability and the interactions between different policy instruments. In addition, you will have the opportunity to work with experts across the entire Division on a regular basis, as well as with collaborating experts in the Directorate General.

The PhD traineeship is aimed at students with a strong quantitative background and an interest in policy-relevant applied research.