Economist for macroeconometric modelling (Limited to 3 years)
The “Macroeconomic Analysis and Projections” Division analyses and forecasts macroeconomic developments in Germany and investigates structural aspects of the German economy. It bases its macroeconomic forecasts on a large, established macroeconometric model used not only for the forecasting process, but also for sensitivity and scenario analyses – in the context of assessing economic shocks or economic policy measures, for example. In a project the semi-structural model is intended to be comprehensively modernised and further developed.
Valuable work: your role with us
- You will play a key role in conceptually redesigning the structure of the future macro model and developing a framework that integrates VAR-based expectation formation as well as the adjustment costs for economic agents.
- Your work will also focus on strengthening long-term theoretical relationships in the model and their associated simulation properties.
- You will estimate behavioural equations and carry out simulation calculations to empirically substantiate the newly established model and review the results it produces.
- Together with the team, you will implement the modernised model and ensure that it can be reliably used for forecasting and sensitivity and scenario analyses.
Unique assets: your skills and qualifications
- Master’s degree or equivalent qualification in a degree programme with a focus on economics, with an above-average grade (2.49 or better)
- Experience of conducting independent research work, as demonstrated by your own publications and/or (soon-to-be) completed dissertation
- Very good knowledge of macroeconomic theory and modern econometric techniques
- Knowledge of the national accounts
- Practical programming experience with Matlab and preferably also Dynare
- Experience with macroeconomic models (preferably large and semi-structural) is desired
- Strong analytical skills and ability to assess complex economic issues and explain them in an audience-appropriate manner
- Structured, independent and solution-oriented working methods
- Ability to work well in a team
- Good command of German and very good command of English
Valuable work, generously rewarded
Remuneration and prospects
Remuneration that corresponds to pay grade E 13 of the wage agreement for the public sector (Tarifvertrag für den öffentlichen Dienst – TVöD) plus a bank allowance, varied tasks, extensive range of training opportunities
New work
Extensive options for working from home within Germany (generally up to 60% of total working hours), good provision of technical equipment (e.g. smartphone, notebook), friendly and respectful working environment, 39-hour working week, 30 days of annual leave, flexible and predictable working hours
Additional benefits
Free Deutschlandticket as a JobTicket, good transport links (bus and train), central location, free parking, workplace health management scheme, staff canteen
Interested in enriching our team?
Then we look forward to receiving your application. If you still have questions that you would like answered before you apply, simply get in touch with the contact person(s) listed below.
For questions about the application process
Ms Sandra Johanning, +49 (0)69 9566 38302
jobs@bundesbank.de
For questions about the role
Dr Britta Hamburg, +49 (0)69 9566 34332
Please apply by 15 May 2026 using our online application tool and citing job ID 2026_0390_02
Diversity and equal opportunities are important to us. Where candidates are equally qualified for the position, preference will be given to applicants with a disability. The Bundesbank also promotes gender equality in the workplace, especially when filling leadership positions. We therefore particularly welcome applications from women.