Senior Management Macro-Finance Team at European Central Bank

You will be part of the Senior Management Macro-Finance Team in the Directorate General Research, which carries out and coordinates economic research at the ECB.

In your role as a Student Research Assistant trainee, you will be part of a team that conducts policy-relevant research and model-based analysis of monetary policy, macroprudential policy and financial stability. 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.

The Student Research Assistant Traineeship Programme is aimed at students with a strong quantitative background and an interest in policy-relevant applied research. In addition to working closely with your team, you will have the opportunity to interact with researchers from the entire Directorate General on a regular basis.

As a Student Research Assistant trainee you will:

solve and/or estimate macro-finance models, including New Keynesian DSGE models with financial frictions;
maintain and further develop existing quantitative tools and modelling infrastructure;
contribute to the development of macroeconomic DSGE 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 policy analyses for monetary policy and financial stability.
The position offers you the opportunity to work closely with our economists and management and to support them in academic 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.