JOE - February 2013

Bank of England
Monetary Analysis and Financial Stability
PhD Internship
Position Title/Short Description
Title: PhD Internship
Section: 6 -- Other Nonacademic (Temporary, Part-Time, Non-Salaried, Consulting, Etc.)
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 Date: 02/7/2013
Salary Range: £100 per day

JOE ID Number: 201302_398490

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Full Text of JOE Listing:
The Monetary Analysis and Financial Stability areas of the Bank of England have opportunities for PhD students to undertake internships for two to three months on projects that are relevant for monetary policy and financial stability.

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.

Timing of individual internships are flexible.

Candidates should be expecting to submit their PhD thesis within the next two years.

All fields in economics or finance are considered, although we are particularly interested in candidates with a strong background in:
--Banking theory/regulation, stress testing and credit risk modelling;
--Econometrics (macroeconometrics; microeconometrics; time series analysis; panel data; high frequency data);
--Economics of payment systems and networks;
--Financial economics, macrofinance and asset pricing;
--International finance and open economy macroeconomics;
--Macroeconomics (including DSGE modelling and alternative approaches);
--Market microstructure;
--Monetary economics;
--Regulatory and macroprudential policy;
--Risk management;
--Structural economic issues (labour economics, inflation dynamics, productivity, and growth).

On some projects, interns may be using onsite-only datasets jointly with our staff. The Bank of England has access to many interesting datasets including real-time macroeconomic data, monetary data, data on international banking groups, interbank payments and bank balance sheets.

Please note that all appointments are subject to security clearance and immigration clearance.

A daily rate of £100 per day and pro rata holiday entitlement, based on 28 days per annum, are offered. Overseas candidates will also receive a small accommodation allowance during their stay and be reimbursed for an economy class return flight to London.
Application Instructions:

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

Online Application URL:

Note: This employer requires online Application.
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