Apply for Traineeship in the Prices and Costs Division , 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 info part)

Working time Full time

Place of labor Frankfurt am Main, Germany

Closing date 13.01.2025

Your crew

We are in search of current graduates for our 2025 traineeship programme. You can be assigned to the Prices and Costs Division in the Directorate General Economics.

The Prices and Costs Division displays, analyses and forecasts inflation for the euro space as a complete in addition to for particular person international locations and sectors, and assesses cyclical and structural drivers. It additionally assesses inflationary pressures from the exterior setting and home wage and revenue developments, in addition to the related prospects, dangers and uncertainties. The Division gives enter into inside decision-making processes and exterior communication on inflation, in addition to contributing to the Price-setting Microdata Analysis ( PRISMA) Network, which goals to deepen understanding of price-setting behaviour and inflation dynamics in the EU.

You will be a part of the Division’s information crew, the place you may be accountable for getting ready shows, conducting empirical evaluation and enhancing analytical instruments, working intently with our skilled economists.

Recent trainees in our information crew have co-authored the following output of the Division:

“The impact of the recent rise in inflation on low-income households”, Economic Bulletin, Issue 7, ECB, 2022

“Wage developments and their determinants since the start of the pandemic”, Economic Bulletin, Issue 8, ECB, 2022

“Underlying inflation measures: an analytical guide for the euro area”, Economic Bulletin, Issue 5, ECB, 2023

“A forward-looking tracker of negotiated wages in the euro area”, Occasional Paper Series, No 338, ECB, 2024

“Tracking euro area wages in exceptional times”, The ECB Blog, 23 May 2024

“Selling price expectations for services: what do they tell us about consumer price pressures?”, Economic Bulletin, Issue 5, ECB, 2024

“Recent developments in wages and the role of wage drift”, Economic Bulletin, Issue 6, ECB, 2024

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

Your position

As a trainee, you’ll:

• contribute to the Division’s common inside and exterior merchandise (together with the Economic Bulletin and macroeconomic projections), for occasion by getting ready tables and charts for reviews or PowerPoint shows, in collaboration with different enterprise areas;
• course of, consolidate and rework datasets, preserve and develop databases and visualisation instruments, and use microdata, in order to observe inflation and actual financial developments;
• assist coverage decision-making by conducting empirical analyses utilizing information evaluation and statistical and econometric instruments;
• contribute to enhancing analytical, econometric and forecasting instruments;
• assist evaluation of wage and value inflation, for instance by contributing to additional growth of the ECB’s wage tracker (constructing on micro-level information on wage agreements) and/or serving to to analyse price-setting, working with giant datasets based mostly on completely different sources (together with internet scraping).

This place provides you wonderful alternatives to reinforce your quantitative and programming abilities, work on analytical duties and collaborate with skilled central financial institution economists. It can also be a singular alternative to achieve perception into evaluation and coverage inside a central financial institution, which can be of nice worth in your future profession. You can be a part of a multicultural crew that strives for steady innovation to make a optimistic influence on the lives of European residents.

Qualifications, expertise and abilities

Essential:

• a bachelor’s diploma or increased in economics, statistics, econometrics, arithmetic, information science or one other related subject;
• sensible expertise of working with advanced datasets, together with expertise of getting ready charts and tables for reviews and shows, and guaranteeing the high quality of knowledge;

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• sensible expertise of statistical and econometric evaluation utilizing programming languages corresponding to MATLAB, R, Python or statistical and econometric software program corresponding to Stata;
• an excellent data of MS Office purposes, notably Excel and PowerPoint;
• a complicated (C1) command of English and an intermediate (B1) command of a minimum of one different official language of the EU, based on the Common European Framework of Reference for Languages.

Desired:

• a grasp’s diploma in economics, statistics, econometrics, arithmetic, information science or one other related subject;
• a broad data of macroeconomics and financial points referring to wage and value developments;
• a stable background in econometrics (in specific, time sequence econometrics, panel information econometrics and microeconometrics) or statistics and information science (for instance, internet scraping, textual content evaluation and machine studying);
• sensible expertise of working with microdata;
• sensible expertise of working with relational databases utilizing SQL and/or huge information analytics instruments utilizing Spark or comparable huge information frameworks;
• sensible expertise of utilizing visualisation instruments, for instance creating interactive internet purposes utilizing merchandise corresponding to R Shiny or Tableau;
• data of model management software program corresponding to Git.

You are curious and desperate to be taught, and wish to additional develop your capacity to analyse advanced info. You are eager to collaborate with others, pursue crew objectives and be taught from different individuals’s numerous views. You try to know and anticipate stakeholder wants, and will 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 crew and to make use of your abilities and competencies to realize the goals of this place.

Further info

Initial traineeship of 6 months, with a potential extension of as much as 12 months in complete, beginning 1 July 2025 at the earliest.

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

Application and choice course of

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

Further info on tips on how to apply is offered on our web site.

If you aren’t chosen for this place however are nonetheless thought of appropriate, you may be positioned on a reserve checklist for 12 months from the deadline for purposes, from which you could be thought of for different traineeship positions inside the ECB.