Economics Internships Oppurtunities

The Central Bank of Ireland serves the public interest by safeguarding monetary and financial stability and by working to ensure that the financial system operates in the best interests of consumers and the wider economy.The Central Bank seeks researchers for a duration of up to 11 months under its Economics Internship Programme, though can support a shorter internship where applicable. There are currently 4 internships available across the International Finance Division, Macro-Financial Division, Irish Economic Analysis and Monetary Policy in our Economics and Statistics Directorate and in our Financial Stability Directorate. Both Directorates provide opportunities to conduct high-quality research to support policy discussions and risk assessments within the Central Bank. While efforts are made to align the work of interns with their own research interests and skills, they are expected to work and collaborate on a project of live interest to the Bank.Potential research topics and areas include;

• Wages and labour market developments using granular micro data to explore the wage-price relationship in Ireland
• Household balance sheet dynamics using granular micro data on Irish and Euro Area households: including applications to income and wealth developments and inequality, household behavioural responses to shocks and policy changes
• Irish firms; investigation of business dynamism and credit conditions using company level data and macro-financial econometrics
• Financial economics and research on Ireland’s diverse financial (e.g., bank and non-bank) sector using large micro datasets ,
• Research on stress-testing, macro-financial linkages and macroprudential policies
• Assessing the systemic financial stability risks posed by hedge fund strategies
• Developing a structured financial stability risk assessment for cohorts of investment funds
• Use of Growth-at-Risk models to inform Macroprudential policy
• Research using micro-data to inform calibration of macroprudential mortgage policies
• Development of tools to assess financial resilience of SMEs and Corporates in Ireland
• Monetary policy communication, including use of Big Data and Natural Language Processing techniques
• Dynamics in euro area inflation, inflation expectations, structural versus. cyclical factors, forecasting of inflation
• The labour market and monetary policy; including, but not limited to, price and wage dynamics, and second round effects
• Effectiveness of monetary policy tools and analysis of the transmission mechanism
• Linkages between monetary policy and financial stability, including through non-bank financial intermediation
• International finance and financial stability
• Macroprudential policy for non-banks
• Analyse the exposure of the financial system, financial entities or economic agents to climate-related risks.
• Projects using GIS software to link loan-level datasets to datasets with physical risk locations.
• Climate-change stress testing and scenario analysis.
• Sustainable finance

The Economics and Statistics and Financial Stability directorates are collegiate working environments and successful candidates will have available to them a wide range of supports including software, conference attendance, training and supervision from an experienced economist. Candidates will also become familiar with the working environment of the Central Bank. Candidates will be expected to bring one research paper on a topic of interest to the Central Bank to completion during the internship. The ideal candidate will:

• have a minimum of a Master’s degree in economics, finance or a related field and
• ideally either be studying towards or have recently completed a PhD in economics, finance or a related field.
• have excellent data and analytical skills, strong theoretical background allied to strong applied econometrics skills.
• have a proven track record of delivering on research projects.
• be comfortable working in a team environment and have excellent communications skills.

The Central Bank website provides an overview of research across the Economics and Statistics and Financial Stability Directorates (see for example, Economic Letters, Financial Stability Notes and Research Technical Papers). We know it's our people who make the Central Bank special and we are focused on creating a diverse, inclusive, fulfilling and progressive work environment. We encourage applications from candidates with different backgrounds, experiences and perspectives as it strengthens us, as individuals and as an organisation. We are committed to positively supporting candidates with disabilities. If we can make any reasonable accommodations for you in the recruitment process in order to give you the opportunity to perform to your best, please let us know. Any information that you provide will be used only for the purposes of providing relevant support and will have no bearing on how your application will be viewed. Application Details: Closing Date: 26th March 2024To apply, please complete the application form attached (via the “apply” link). This allows you to tell us why you are the best fit for us.Before starting your application you will be asked to create a profile with us, this will allow you to track and review your application throughout the process. Click "register" to create a profile and complete the application process.Once your application has been successfully submitted you will receive an automatic email from us acknowledging receipt. If you do not receive this auto-acknowledgement, please contact Aobh Kavanagh on recruitment@centralbank.ie