Federal Reserve Bank of Minneapolis

Position Title/Short Description

Full Text of JOE Listing:

The Bank
The Federal Reserve Bank of Minneapolis is one of 12 Reserve Banks that, along with the Board of Governors in Washington, D.C., constitute the nation’s central bank. It is part of the Federal Reserve System, which was established by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary system.

The Federal Reserve Bank of Minneapolis is located in Minneapolis, Minn., and has a Branch office in Helena, Mont. The Bank represents the Ninth Federal Reserve District, which includes Montana, North and South Dakota, Minnesota, northwestern Wisconsin, and the Upper Peninsula of Michigan. The Minneapolis Fed participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government.

A Federal Reserve Bank’s Research Division exists to produce economic research and policy analysis and advice. The Research Division of the Federal Reserve Bank of Minneapolis has a long history of producing top-tier academic research on a range of long-term issues broadly related to the policy mission of the Federal Reserve System.

The Opportunity & Inclusive Growth Institute
Building upon this tradition of excellence, the Minneapolis Fed launched the Opportunity & Inclusive Growth Institute within the Bank’s Research Division in early 2017. The mission of this Federal Reserve System initiative is to conduct and promote research that will increase economic opportunity and inclusive growth, and help the Federal Reserve achieve its maximum employment mandate. Specifically, the Institute is looking for areas where the expertise and resources of the Federal Reserve System can make a unique contribution to address these challenging issues.

As part of the Research Division, the Institute shares space, resources, and strong ties with the Bank’s research and policy economists, research analysts and assistants, local and national research consultants, visiting scholars from around the world, and a team of highly trained support staff.

In addition to working alongside the Bank’s Research Division, the Institute Director will have the opportunity to engage with the Public Affairs and Community Development departments. In leading these cross-department partnerships, the new Director will help chart the strategic direction of the Institute and dedicate resources to identified priorities. The director will also lead engagement with other areas of the Bank in translating and promoting the work of the Institute to colleagues around the Federal Reserve System and to the public.

The Institute director will have responsibility for advancing and building upon the foundation of the Institute that was laid in the past year. The foundation stones include:

• A conference series that hosts two conferences per year. These conferences serve as an opportunity to gather academic researchers with policymakers and nonprofit practitioners, showcase the emerging scholarship of the Institute, and explore important topics that may spur new lines of inquiry.

• An academic Board of Advisors drawn from top research departments. This multidisciplinary board includes experts from the fields of economics, education, law, public policy, and sociology.

• A community Advisory Board that will include a mix of Twin Cities representatives from nonprofit, government, and philanthropic entities.

• A Visiting Scholar Program that welcomes domestic and international visitors to incubate and support leading-edge scholarship. These scholars are supported by a team of research analysts sourced from the University of Minnesota’s economics Ph.D. graduate program.

• Two Working Paper series, one highlighting the scholarship of researchers directly affiliated with the Institute and another promoting greater visibility of emerging scholarship from Federal Reserve System colleagues who work on similar issues.

The Role
The Institute director will report to the Bank’s Research director with regular opportunities to work closely with the Bank president in crafting strategic direction and providing leadership for all of the Institute’s research, policy, and budget priorities. In addition to long-term goal-setting, the director will be responsible for executing day-to-day management responsibilities with the support of a team of dedicated staff.

The Minneapolis Fed and its Institute are committed to carrying forward the Research Division’s tradition of academic excellence. On the research front, the director will foster a superior research environment and lead recruiting efforts for outstanding researchers from a variety of disciplines. On the policy front, the director will harness the expertise within the Institute to make recommendations and provide insight across a variety of issues. In addition to core responsibilities, the director will also have the opportunity to pursue independent research relevant to the mission of the Institute.

Institute Leadership
• Lead the Institute’s recruitment efforts to build a world-class academic research team by fostering the best possible research environment and retaining top visiting scholars.

• Develop and implement the research agenda for the Institute.

• Act as the “public face” of the Institute, engaging in meetings and making presentations to the policy and academic communities, advertising Institute research, and helping to build the Institute’s reputation and profile. The voice of the director will also contribute to shaping the identity of the Institute’s communication platforms, from publications to web presence and social media.

• Create metrics to track Institute progress and help set interim goals.

Bank and Systemwide Leadership
• Be a leader within the Bank in vision, presence, and citizenship.

• Help lead Federal Reserve System efforts on inclusive growth.

Diversity and Inclusion
• Actively support the Bank’s diversity agenda and hold self and others accountable for creating an inclusive workplace.

• Mentor and support staff to develop the next generation of Bank leaders.

The Person
• Ph.D. in economics or a related field with extensive research experience in areas relevant to the Institute’s mission.

• Strong publication record.

• Deep interest in public service, improving public policy, and a commitment to the mission of the Federal Reserve System.

• Demonstrated managerial skills and leadership experience in a large organization.

• Proven ability to work collaboratively.

• Well-developed interpersonal and relationship-building skills.

• Strong written and oral communication skills.

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The Federal Reserve Bank of Minneapolis is an Equal Opportunity Employer.

Our people proudly reflect the diversity and ideas of the communities we serve.

This announcement is intended for posting on the American Economic Association's Job Openings for Economists (JOE) only.