Economist at the FEDUnited States, Washington, D.C.
The Fed is one of the largest and definitely the most influential central bank in the world as they control the monetary policy decisions of the USA.
Economists at the Federal Reserve Board carry out cutting edge research on a broad range of subjects in economics and finance and contribute substantive policy analyses used by the Fed Board of Governors and the FOMC (Federal Open Market Committee).
What do Economists do?
It is not just the Fed or the FOMC, in addition to presenting their research results to policymakers, Board economists share their research process or the outcomes at leading academic conferences and publish it in peer-reviewed scholarly journals and other globally recognized media centers.
A number of these research papers are also published as working papers and are posted on the Fed’s official public website. An economist at the Fed dooes not only cover monetary economics, but also explores the full range of topics in macroeconomics, microeconomics, econometrics, banking, and finance.
The Board provides an excellent research environment, with top of the line computing facilities with access to data, research assistants, many guest speakers and visitors and also internal workshops for presenting work-in-progress.
There are over 300 Ph.D. economists employed by the US Fed who represent an exceptionally diverse range of interests and specific areas of expertise. Majority of the economists belong to the Division of International Finance, the Division of Monetary Affairs, or the Division of Research and Statistics, but there are also many of them affiliated with the Office of Financial Stability Policy and Research, the Division of Banking Supervision and Regulation, the Division of Consumer and Community Affairs, and the Division of Reserve Bank Operations and Payment Systems. The Fed economists have a strong grounding in economic theory and quantitative methods, a keen interest in applying their expertise to focus on real-world issues, the ability to communicate clearly, and impressive intellectual curiosity, personal initiative, and collegiality.
Interested Candidates must have a Ph.D. in economics, finance, or a related discipline, or must be preparing to defend a Ph.D. dissertation. Candidates must demonstrate the potential to contribute substantially to research and policy analysis of interest to the Board of Governors and to the intellectual environment at the Board more generally. All positions are located in Washington, D.C.
To apply, candidates must e-mail a curriculum vita and one recent research paper and arrange for three letters of reference to be sent by e-mail to EconomistRecruiting@frb.gov.