Apply for Student Research Assistant Traineeship Programme u2013 Monetary Policy Research/Senior Management , Frankfurt Job Vacancy | Position

General Information

Type of contract Traineeship

Who can apply? EU nationals eligible for our traineeship programme

Grant The trainee grant is €1,170 monthly plus an lodging allowance (see additional data part), The trainee grant is €2,120 monthly plus an lodging allowance (see additional data part)

Working time Full time

Place of labor Frankfurt am Main, Germany

Closing date 13.01.2025

Your staff

You shall be a part of both the Monetary Policy Research Division or the senior administration staff within the Directorate General Research. Our staff presently includes about 30 economists and ten trainees.

We perform high-quality analysis on cutting-edge points related to financial coverage, monetary stability and banking supervision. Our economists often publish in main educational journals, coordinate analysis networks and put together coverage notes for ECB decision-making our bodies.

In your position as Student Research Assistant Trainee or PhD Trainee, you’ll assist our staff of economists of their analysis initiatives. Depending in your particular profile and preferences, you can be assigned both to a staff specializing in empirical subjects (e.g. compiling and analysing cross-sectional, time-series and panel datasets) or to a staff specializing in theoretical work (e.g. serving to to unravel and estimate linear and non-linear common equilibrium fashions). Throughout your traineeship you’ll have the chance to contribute to completely different initiatives and work intently with researchers from completely different areas of experience. In addition, you will have the chance to assist large-scale initiatives our groups are concerned in, such because the ECB’s Consumer Expectations Survey or Household Finance and Consumption Survey.

The ECB is an inclusive employer, and we try to mirror the range of the inhabitants we serve. We encourage you to apply regardless of age, incapacity, ethnicity, gender, gender id, race, non secular beliefs, sexual orientation or different traits.

Our economists are presently engaged on the next subjects.

• Macroeconomic fashions: Topics embrace creating, fixing and estimating common equilibrium fashions utilizing perturbation or international strategies, in addition to contributing to analyses on subjects such because the transmission of ordinary and non-standard financial coverage; the interactions between financial and monetary insurance policies; the nexus between financial coverage, monetary stability and macroprudential coverage;

• Time collection: Topics embrace sustaining and additional creating current instruments resembling structural vector autoregressions, Bayesian time-series econometric fashions, unobserved elements fashions and non-linear time-series fashions. They additionally embrace empirically analysing, for instance, the transmission of financial coverage, monetary shocks and inflation dynamics, in addition to creating and sustaining databases of quarterly, month-to-month, every day or high-frequency information from exterior information suppliers;

• Micro panel and cross-sectional information: Topics embrace analysing giant high-frequency contract-level monetary information, product-level worth information, agency stability sheet information, supervisory financial institution information and new survey information to advance our understanding of the distributional results of financial coverage and macroprudential insurance policies. Also included are analyses of financial coverage and its microeconomic transmission by way of households and companies; the impression of financial coverage and its communication on households’ and companies’ expectations and financial selections; and the results of digitalisation on households and companies.

Your position

As a Student Research Assistant Trainee or PhD Trainee you’ll assist analysis initiatives by:

• fixing and estimating frontier macro fashions;
• creating mathematical, statistical and econometric procedures for analysis initiatives;
• contributing to empirical analyses and analytical initiatives;
• setting up and sustaining financial, monetary and financial databases;
• working with a broad vary of distinctive confidential datasets, macroeconomic and microeconomic information, and monetary, supervisory and intraday market information;
• establishing and sustaining cross-sectional, time-series and panel datasets.

Depending in your areas of experience, your work can also require you to conduct microeconometric analyses associated to surveys (primarily in Stata), big-data analyses (utilizing R, Python and SQL), additionally in cloud computing, and time-series analyses (primarily in MATLAB). You can also be required to unravel, calibrate and simulate DSGE fashions with banking and monetary frictions (utilizing MATLAB and Dynare).

The place gives you wonderful alternatives to work intently with our economists and our administration staff. You will assist them in educational analysis initiatives and operational work such because the preparation of policy-related notes for the ECB’s Executive Board. The traineeship programme will let you develop your analytical abilities, improve your quantitative abilities and achieve an perception into the ECB’s analysis actions and policymaking processes. It will expose you to concepts, debates and challenges that would present a helpful basis for your future profession and/or postgraduate research. You can have entry to inside seminars and conferences organised by the ECB. You shall be a part of a multicultural staff that strives for steady innovation to make a constructive impression on the lives of European residents.

Qualifications, expertise and abilities

Essential:

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• for a traineeship paid at €2,120, a grasp’s diploma and at the least two years of PhD research within the discipline of economics, statistics, finance, information science or a associated discipline;
• for a traineeship paid at €1,170, a bachelor’s diploma or increased in economics, statistics, finance, information science, arithmetic, engineering or a associated discipline;
• mastery of fundamental econometrics (linear regression, speculation testing, instrumental variables, panel estimation and vector autoregression);
• proficiency in at the least one of many following statistical software program packages: MATLAB, Stata, Python or R;
• an excellent information of the MS Office bundle;
• a sophisticated (C1) command of English and an intermediate (B1) command of at the least one different official language of the EU, in keeping with the Common European Framework of Reference for Languages.

Desired:

• for a traineeship paid at €1,170, a grasp’s diploma or completion of at the least one yr of examine in the direction of acquiring a grasp’s diploma in economics, statistics, finance, pc science, arithmetic, engineering or a associated discipline;
• expertise in at the least one of many following areas: fixing and simulating DSGE fashions; fixing heterogeneous agent and/or non-linear macro fashions; performing vector autoregression and cointegration evaluation; estimating difference-in-differences or propensity rating matching econometric fashions; analysing macroeconomic or monetary time-series information; compiling, querying and analysing giant microeconomic databases (high-frequency information, administrative information, family or firm-level surveys, stability sheet information and micro worth information); web-scraping, textual evaluation or utilizing machine studying methods;
• expertise of cloud computing (e.g. Amazon AWS);
• expertise of survey information evaluation (e.g. utilizing nationwide surveys or the Eurosystem’s Household Finance and Consumption Survey, the EU Labour Force Survey or others);
• expertise of a number of of the next: macroeconomic information, monetary market information, firm-level information, accounting/supervisory financial institution information, different microdata or giant datasets;
• familiarity with a number of of the next databases/suppliers: Bloomberg, LSEG (previously Refinitiv), DataStream, Haver Analytics, Moody’s Analytics BankFocus (previously Bureau van Dijk’s Orbis BankFocus), Fitch Connect, Dealogic, or giant micro worth datasets.

You are curious and desirous to study and wish to additional develop your means to analyse complicated data. You are eager to collaborate with others, pursue staff targets and study from different individuals’s various views. You attempt to know and anticipate stakeholder wants and can sign any want for change and suggest different options.

You are motivated to contribute to the ECB’s mission, to serve the residents of the EU as a member of a public establishment and to work with colleagues from throughout Europe. You are eager to be a part of our staff and to make use of your abilities and competencies to attain the goals of this place.

Further data

Initial traineeship/PhD traineeship of 6 months, with a doable extension to as much as 12 months in complete.

Other particulars on the situations relevant to traineeships on the ECB will be discovered on our web site.

Application and choice course of

The recruitment course of for this place will embrace an internet interview.

Further data on the right way to apply is accessible on our web site.

If you aren’t chosen for this place however are nonetheless thought of appropriate, you can be positioned on a reserve listing for 12 months from the time limit for functions, from which you may be thought of for different traineeship positions throughout the ECB.