• Conduct empirical and theoretical analysis using advanced economic and econometric models;
• further develop analytical, econometric and forecasting tools under the supervision of ECB experts; 
• report regularly to your supervisor and present the results of your project in internal seminars;
• submit papers for publication in the ECB’s Working Paper Series and academic journals.

We are looking for PhD trainees to work on the following projects:

• using household-level data (e.g. from the Consumer Expectations Survey) to explore the impact of households’ perceptions and beliefs on their consumption decisions;
• applying quantitative and empirical methods that bridge the microeconomic and macroeconomic perspectives (e.g. heterogeneous agent models and functional or pseudo-VAR models) to analyse the aggregate and distributional impact of idiosyncratic and aggregate shocks;
• developing a multi-country macroeconomic model with multiple industries and segmented factor markets to investigate the structural drivers of cross-country differences in shock propagation within the euro area;
• developing time series models to investigate the role of economic agents’ expectations as a source and transmission mechanism of shocks to the economy.

Essential: 

• a master’s degree and at least two years of PhD studies in economics, finance, statistics, data science, engineering or a related field;
• a sound understanding of and theoretical background in macroeconomics and the economic and institutional context in which the ECB fulfils its mandate;
• excellent knowledge and proven experience of state-of-the-art modelling tools and econometric techniques or microdata work, such as those needed to conduct one of the projects listed above;
• programming skills in one or more software packages, such as MATLAB, Stata, R or Python;
• a good knowledge of the MS Office package;
• an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the Common European Framework of Reference for Languages.

Desired:

• experience in handling microdata and using microeconometric methods and models; 
• experience in developing and estimating large macroeconomic models.