The Monetary Policy Section's responsibilities fall into two main areas: Policy and Research. The former involves assisting the Governor (and the Deputy Governor) in preparing monetary policy briefings for the regular (every six weeks) and ad hoc meetings of the Governing Council. In addition, the REFGP deals with fundamental issues related to monetary policy and inflation. The basis for all this is provided by the second area of responsibility of the REFGP: research. On the basis of the latest findings in economic theory and its empirical methods, as well as our own research work, topics relevant to monetary and inflation policy are observed and analyzed. In addition to numerous internal and external scientific publications, this results in presentations at conferences and the development of monitoring instruments, indicators and data interfaces.
The Monetary Policy Section offers students a six month (starting January 1st 2024, full-time)
Internship inflation analysis
Your tasks
- Develop and maintain analytical tools for inflation analysis, such as dashboards and automated graphic generation, web scraping, and big data.
- Assistance in writing scientific papers on the subject area (including data preparation, literature research, visualization of results, with a focus on inflation and price data as well as inflation expectations).
- Assistance in creating briefing materials and ad hoc reports for top management.
Your Background
- You have an education in one of the following fields: (Quantitative) Economics, Statistics, Data Science, Mathematics, or Finance.
- You have an interest in inflation and monetary policy.
- You are proficient in relevant state-of-the-art software packages (R, MATLAB, Eviews, Stata, Gauss, Python, etc. - preferably R and RShiny) and are skilled in using MS-Office (PowerPoint, Excel, Word).
- You have experience or an interest in working with large datasets.
- You are willing to collaborate with and support other team members in the achievement of common goals and to build open and trusting relationships within and across teams
- You have excellent presentation and communication skills.
- You possess very good English language skills.
What we offer
- Challenging tasks in an international work environment
- Exciting insights into the work of a national bank
- A friendly and open work environment
- Flexible working hours and the opportunity to work from home
- A gross monthly salary of EUR 1.940,-
The application deadline is 30th November 2023.
To further enhance diversity, the OeNB particularly encourages applications from female candidates. In case of equal merit, preference will be given to female applicants. Applications from candidates with disabilities are expressly encouraged. If you have any questions regarding the internship or application process, please feel free to contact Anna Schalli, MSc (+43 676 6042138).
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