PhD Traineeship in the Directorate General Economics – Supply Side, Labour and Surveillance Division

PhD Traineeship in the Directorate General Economics – Supply Side, Labour and Surveillance Division

General Information

• Type of contract: PhD traineeship
• Who can apply: EU nationals eligible for our traineeship programme
• Grant: trainee grant €2,120 per month plus an accommodation allowance
• Working time: Full time
• Place of work: Frankfurt am Main, Germany
• Closing date:

Your team

We are a team of around 30 experts responsible for conducting analysis of the euro area labour market and long‑term drivers of economic growth, including productivity, as well as cross‑country analysis of macroeconomic vulnerabilities. We also analyse economic issues related to EU governance, with a focus on Next Generation EU and the deepening of the Economic and Monetary Union. Our recent work has focused on the drivers of labour market developments, the role of structural changes (digitalisation, demographic changes, climate change) in the euro‑area economy, and the impact of government policies to support the economy.

Your role

• support the Division’s analytical agenda on key policy questions;
• conduct empirical analyses using state‑of‑the‑art economic and econometric models;
• help to enhance analytical, econometric and forecasting tools under the supervision of ECB experts;
• have the opportunity to submit the resulting papers for publication in the ECB’s Working Paper Series and academic journals.

You will be expected to complete your tasks using your own initiative and to work largely autonomously under the supervision of an expert. You will have access to the ECB’s library, computing and statistical resources, and to most ECB‑organised conferences and internal seminars.

Qualifications, Experience And Skills

Essential

• Master’s degree and at least two years of PhD studies in economics, finance, statistics, data science or a related field;
• Sound understanding of macroeconomics and the economic and institutional context in which the ECB fulfils its mandate;
• Excellent knowledge of state‑of‑the‑art modelling tools and econometric techniques or data analytics;
• Programming skills in MATLAB, Stata, Python, R or Julia;
• Good knowledge of the MS Office package;
• Advanced (C1) command of English and an intermediate (B1) command of at least one other official EU language.

Desired

• Experience in applied microeconometrics for the labour market, corporate finance and firm dynamics; applied time series for empirical macroeconomics; panel data analysis for empirical macroeconomics; dynamic stochastic general equilibrium modelling; machine learning techniques.

Further information

Initial PhD traineeship of four months, with a possible extension to up to 12 months in total. The traineeship is expected to start in 2026. Other details on the conditions applicable to traineeships at the ECB can be found on our website. For additional information on this specific vacancy, you can speak to Claudia Foroni, on +49 (0) between 11:00 and 12:00 on Thursday, 23 October.

Application and selection process

The recruitment process will include an online interview. Further information on how to apply is available on our website. If you are not selected for this position but are still considered suitable, you will be placed on a reserve list for 12 months from the closing date for applications, from which you might be considered for other traineeship positions within the ECB.

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