Senior Economist; ESCB​/IO – Monetary Policy Strategy

Senior Economist (ESCB/IO) – Monetary Policy Strategy

Join to apply for the Senior Economist (ESCB/IO) – Monetary Policy Strategy role at European Central Bank

• Type of contract Short‑term contract, may be extended to up to 36 months subject to individual performance and organisational needs
• Contract end date 31.03.2029
• Who can apply? EU nationals working for national central banks of the ESCB, international governmental organisations or other employers performing central banking or banking supervision tasks within the framework of the Eurosystem
• Salary F/G (bracket 2 - step
  1) full time monthly net salary: €8,039 plus benefits, for further information see what we offer.
• Working time Full time
• Place of work Frankfurt am Main, Germany
• Closing date 19.01.2026

We will be part of the Strategy Issues Section within the Monetary Policy Strategy Division within the Directorate General Monetary Policy. Our Section plays a key role in the ECB’s mandate to maintain price stability. The position offers you a great opportunity to bring your analytical skills to directly contribute to the Governing Council’s deliberations on monetary policy. The Section is responsible for analysing and assessing the ECB’s monetary policy stance and reviewing the implementation and effectiveness of its monetary policy strategy.

We also contribute to the preparation and communication of the ECB’s monetary policy decisions.

In your role as a Senior Economist, you will play a pivotal role in driving research projects, contributing to regular quantitative monetary policy analysis and preparing policy‑relevant analysis for the monetary policy decisions of the ECB’s Governing Council which will feature in high‑profile products coordinated by the Division and in key presentations. Your work will also be shared externally through the ECB’s Economic Bulletin, blog posts and working papers, as well as through presentations and speeches by Executive Board members.

The ECB is an inclusive employer and we strive to reflect the diversity of the population we serve. We encourage you to apply irrespective of age, disability, ethnicity, gender, gender identity, race, religious beliefs, sexual orientation or other characteristics.

• Contribute to the preparation of monetary policy decisions and monetary policy communication, particularly including documents related to the analysis and the assessment of the appropriateness of the monetary policy stance.
• Conduct econometric or structural analysis using various tools such as VARs, local projections, machine learning and DSGE modelling to help the Governing Council make informed decisions regarding its stance and policy options.
• Contribute to policy notes and briefing material for members of the Executive Board and senior management of the ECB.
• Contribute to the official publications of the ECB, as well as other publications, presentations and speeches.
• Publish your research in academic journals and the ECB’s Working Paper Series.

• A master’s degree or equivalent in economics, finance or another relevant field.
• In addition to the above, a minimum of seven years’ professional experience at the level of an economist in the field of macroeconomics or monetary policy (or a PhD in a relevant field plus three years’ professional experience at the level of an economist).
• Excellent analytical skills, sound policy judgement and the ability to examine policy issues critically within a broader economic and institutional context.
• An understanding of monetary policy, policy operations, the financial system and macroeconomic developments.
• Excellent oral and written communication skills.
• 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.

• A PhD in macroeconomics, preferably related to monetary or financial economics.

You engage collaboratively with others. You pursue team goals and learn willingly from other people’s diverse perspectives. You signal any need for change by explaining it and proposing alternative solutions.…