JOE - October 2012

Bank of England
Monetary Analysis and Financial Stability
PhD Economists
Position Title/Short Description
Title: PhD Economists
Section: 5 -- Full-Time Nonacademic
Location: London, other, United Kingdom
JEL Classifications:
C -- Mathematical and Quantitative Methods
D -- Microeconomics
E -- Macroeconomics and Monetary Economics
F -- International Economics
G -- Financial Economics
H -- Public Economics
J -- Labor and Demographic Economics
N2 -- Financial Markets and Institutions
Deadline Information: 9am on Monday 19 November 2012
Salary Range: Salaries are according to experience, plus core benefits and a flexible benefits allowance.

JOE ID Number: 201210_397701

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Full Text of JOE Listing:
The Monetary Analysis and Financial Stability areas of the Bank of England are currently recruiting PhD economists. The work of these areas flows directly from the Bank's two core purposes: to ensure monetary stability and to protect and enhance financial stability. Economists in both areas are offered a unique opportunity to contribute to real-world policy making both through work that directly supports the policy process and high-quality research. Economists in Monetary Analysis provide key analytical support in the setting of monetary policy to help achieve the United Kingdom's inflation target. Through its macroprudential risk assessment and policy analysis work, the Financial Stability area supports the work of the newly-created Financial Policy Committee. The FPC detects threats to financial stability, and is at the forefront internationally in developing and implementing policies to address these threats and help prevent future financial crises.

Our PhD economists play a key role in creating high-quality research focused on key policy issues and are challenged to apply their strong economics, finance or quantitative skills to current policy debates, often working closely with senior managers and policy makers.

We are looking for applicants who are keen to take part in and influence the policy debate, will thrive in a live policy environment, and who can communicate their work effectively to peers, managers and policy makers. The Bank recognizes and promotes the value of original research (see this link for an indication of the different research avenues pursued by economists at the Bank) but applicants should be aware that we do not have a dedicated research department. Applicants are expected to apply their technical ability flexibly to policy-relevant research questions across a range of different topics and fields.

Applicants must hold a PhD or reasonably expect to have completed their degree requirements by the autumn of 2013. The PhD must be in economics or finance or in a field with a strong quantitative focus which is directly applicable to these subjects. All fields in economics and finance are considered. However, as the focus of the work stems from monetary policy and financial stability issues, we are particularly interested in candidates with a strong background in:
*Macroeconomics (including DSGE modelling and alternative approaches);
*Monetary economics;
*Structural economic issues (labour economics, inflation dynamics, productivity, and growth);
*International finance and open economy macroeconomics;
*Econometrics (macroeconometrics; microeconometrics; time series analysis; panel data; high frequency data);
*Banking theory;
*Regulatory and macroprudential policy;
*Finance and asset pricing;
*Risk management, stress testing and credit risk modelling.
Application Instructions:

To apply and for further details, please go to the careers section of our website at

Online Application URL:

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