Bank of England

Position Title/Short Description

Full Text of JOE Listing:

Our PhD internship programme offers an invaluable opportunity to experience economic analysis, policy and research at the highest level at a leading central bank if you are currently studying for a PhD. Our research agenda flows from fundamental central banking issues thrown up by the crisis, and we are in a unique position now housing under one roof monetary, macroprudential and microprudential policy. We are looking for PhD students who can bring in the skills and ideas to contribute to our research agenda, and the enthusiasm to work on important topics for today’s central banks.

As a PhD intern, you will be placed in one of a variety of divisions spanning monetary analysis, international economics, financial stability, microprudential policy, supervision, risk management and financial markets to conduct a piece of research for two to three months. Your research project will be on a topic of live interest to the Bank. While your exact topic will be at the discretion of the Bank, we will seek to involve you in designing the project. Although most interns come to the Bank over the summer, we are flexible about the timing of the internship.

To be considered, you should be expecting to submit your PhD thesis within the next two years and be able to submit a recent research paper for our consideration (substantial work in progress is acceptable). Candidates should be intending to take part in the PhD job market no later than the 2017-2018 round.

All fields are considered, but we are particularly interested in candidates who have the technical skills and academic background to effectively contribute to research in the following areas:
• Monetary economics and framework for monetary policy operation
• Open-economy macroeconomics and international finance
• Financial economics, including banking theory/regulation, risk modelling and management, stress testing, macro-finance and asset pricing
• Supervisory indicators, decision-making and communication, and the interaction with firms and their culture and behaviour
• Macroprudential framework, policy instruments within and beyond the banking sector and the transmission mechanism
• The interaction between microprudential, macroprudential, and/or monetary policy
• Applied econometrics and big data analysis, including text-based analysis, use of large micro datasets, and regulatory data
• Technological and structural change in money, banking and financial markets

We are keen to foster cross-disciplinary approaches and would welcome applications from students pursuing a PhD in relevant disciplines other than economics and finance.

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

We offer a daily rate of £100 per day and pro rata holiday entitlement, based on 25 days per annum. Candidates who do not live in London will also receive a small accommodation allowance during their stay. Overseas candidates will be reimbursed for an economy class return flight to London.

Application deadline is 15 February 2016 noon GMT.

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