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

As a PhD trainee you will:

solve and/or estimate macro-finance models, including New Keynesian DSGE models with financial frictions;
maintain and further develop the existing quantitative tools and modelling infrastructure;

contribute to the development of general equilibrium models to assess macroprudential and monetary policy interactions and their effectiveness;
develop macroeconometric models to empirically assess the propagation of economic and financial shocks;
contribute to the preparation of quarterly analyses on monetary policy, macroprudential policy and financial stability.
The position offers you excellent opportunities to work closely with our experts and support them in research projects and operational work, such as the preparation of policy-related analyses for the ECB's Executive Board. This will enable you to develop your analytical abilities, enhance your quantitative skills and gain an insight into the ECB's research activities and policymaking processes.

The PhD traineeship will also expose you to new ideas and stimuli that can provide valuable experience for your future career. In particular, you will have access to internal seminars and conferences organised by the ECB, as well as the ECB's library and its computing, programming and statistical resources. It provides a great opportunity to engage with topical policy and research questions, and to learn how analytical models can be applied to policymaking. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.