Your tasks

Your team You 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.

Your role As a Senior Economist you will:

• 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.

The position offers you excellent opportunities to use state-of-the-art modelling tools to analyse policy-relevant issues, present your own research and contribute to the policy discussion.

Qualifications, experience and skills

Essential:

• a master's degree or equivalent in economics, finance or another relevant field (see How you can join us for details on degree equivalences);
• 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.

Desired:

• 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. You analyse complex information effectively and can evaluate different views to arrive at solutions. You know and anticipate stakeholder needs.

You are motivated to be part of our team and to develop and use your skills and competencies to achieve the aims of this position.

We offer

Monetary Policy

13177

General Information

Type of contract Short-term contract, which 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

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.

We offer a dynamic, diverse and collaborative environment where innovation thrives and your ideas are valued. You will have a variety of responsibilities through task rotation, and you will have the time to work on longer-term analysis. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.

Working modalities We would be happy to discuss a part-time arrangement for this role.

Further information The contract offered will be short-term ESCB/IO, the appointment being for up to 36 months.

Candidates must have a contract of employment with their home institution for a period of at least one year beyond the duration of the ECB contract being offered.

Contact

For additional information on this specific vacancy, you can speak to the Chair of the selection panel, Annukka Ristiniemi, on +49 (0)69 1344 3358 between 10:00 and 12:00 on Tuesday, 13 January.

Application and selection process

The recruitment process for this position will be conducted remotely. It will include an interview.

If you are not selected for this position but are still considered suitable, you will be placed on a reserve list (see step 4 of How we hire), from which you might be considered for similar positions within the ECB.

Find out how to apply for a position at the ECB.

Read more about how you can join us.