PhD Traineeships in Monetary Policy at European Central Bank

You will be part of the Directorate General Monetary Policy. The Directorate General analyses the ECB’s monetary policy strategy and stance and 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 a trainee in either the Monetary Analysis Division or the Capital Markets and Financial Structure Division.

The Monetary Analysis Division monitors and analyses developments in money and credit and looks 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 the transmission of monetary policy via financial intermediaries.

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

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PhD Traineeships in Monetary Policy at European Central Bank