Economist

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.We currently have a vacancy for an Economist on a contract of indefinite duration in the Irish Economic Analysis Division working in the macromodelling unit.This role is aligned with the Bank Professional 3 grade and the BP3 salary scale, between €58,570 and €77,883 applies. Please click here for further information on our salary scales.The role holder will contribute to the Bank’s goal of providing independent economic advice through undertaking substantive analysis of the real and financial aspects of the Irish economy through the maintenance and development of our large scale semi-structural macroeconomic model suite. The role holder is a technical expert in large scale macroeconomic models. The successful candidate will be responsible for contributing to substantive economic research and policy/data assessment in order to produce quality advice for:

Internal publications and senior stakeholder briefings as well as,

External fora/stakeholders, which contributes to the Central Bank’s goal of providing independent economic advice.

Responsibilities:

• Maintain and enhance the development of the large scale semi-structural macroeconomic model of the Irish economy with the aim of contributing to high-quality analytical output.
• Develop and maintain this and other models in order to evaluate the effects of alternative shocks, scenarios and policy changes that affect the economy, which can be used for analytical and policy purposes across the Central Bank and the ESCB.
• Produce high quality economic analysis for presentation (in both oral and written form) for internal seminars, to the Governor and Senior Management in order to provide advice and analysis for input into policy decision-making.
• Promote the use and communication of the suite of macroeconomic models in a policy-making environment to ensure that such models are fully utilised and exploited.
• Contribute to high quality research output by publishing work in both internal (Economic Letters, Bulletin Articles and Working Paper Series) as well as in well regarded external peer reviewed journals in order to increase the Central Bank’s profile as a lead authority and researcher on macro models.
• Ensure that the output from this work contributes to improving the communication of policies and views of the Central Bank in the area of macro modelling to other domestic and international policymakers, the public and the wider economics community through presentations, seminars and conferences.
• Attend and contribute to ECB working groups/task forces on economic issues in order to ensure the advancement of the organisations position at these fora.
• Participate and collaborate in research projects within the macromodelling unit, with other teams in the Division and with other Divisions across the Bank as required.

Requirements:

• PhD or advanced qualification in macroeconomics with a research interest in developing and maintaining large semi-structural macroeconomic models
• 3 to 5 years experience of using such models or equivalent models to answer key policy and research questions
• Ability and willingness to adapt, extend existing models or develop new models to answer key policy questions.
• A good knowledge of the Irish macro economy is important including a good understanding of fiscal, banking, financial and housing sectors as well as the international environment
• Previous experience using the National Institute of Economic and Social Research global model would be advantageous
• A track record of working and willingness to work on a broad range of topics is essential to the role.
• A history and willingness in developing analytical work for submission to well respected peer reviewed journals is important.
• Proven ability to display sound judgement and problem solving skills
• Proficiency in Eviews and Matlab.
• Excellent oral and written communication skills are required to convey complex issues in a clear, concise and logical manner.
• Strong interpersonal and team working skills - flexibility to mix working in a team environment for project work and to deliver self-driven individual contribution research.
• Strong presentation skills and ability to influence internal (Governor, Senior Management, other teams in the Division, other teams outside the Division) and external domestic and international (ECB, IMF) stakeholders on key policy issues.
• Ability to present results of work to a non-technical audience
• The ability to deliver high-quality results under tight deadlines.

• We have recently implemented a hybrid working model to balance the flexibility working from home provides with the value our office environments bring to support collaboration and connection with colleagues. Our approach to hybrid working enables colleagues to work from home up to 50% of working days, building on an existing broad range of flexible working policies and practices already in place to support our people achieve the right balance.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 organization. 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 email our Disability Inclusion Partner, Rebecca Daly at or 01 224 6711. 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. Our policies also provide insight into our organisational culture, work environment and working arrangements. Here are some of the key policies (subject to ongoing review and amendment) which may be of interest as you consider a career with us.The Central Bank pension scheme mirrors the rules of the civil service pension scheme. Therefore if you are in receipt of civil/public service pension, abatement may apply to your current pension. Details of the appropriate pension scheme will be provided upon determination of the appointee’s status.Application Details: Closing Date: March 15thTo apply, please complete the application form attached (via the “apply” link). 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.If you wish to speak informally about the nature of the role, please contact Gerard O'Reilly at . A description of our suite of macroeconomic models including our semi-structural model of the Irish economy is available here while a description of research activities of central bank staff are available here and here.

In addition to a completed application form you should include one piece of research that you have written.