The “Macroeconomic Analysis and Projections” Division analyses and forecasts macroeconomic developments in Germany, contributes to the macroeconomic forecasts for the euro area and examines structural aspects of the German economy. The internship is based in the“Strukturgruppe”, which focuses on analysing the supply-side factors for growth, i.e. the formation of physical capital, labour supply and technological progress. In addition, the group investigates the medium to long-term effects of structural changes (particularly decarbonisation, digitalisation, demographic change, and shifts in international economic relations) on labour and goods markets. Additionally, economists of the group regularly analyse the profitability and financing conditions of non-financial firms in Germany as well as their involvement in international trade. This provides an overall picture of Germany’s economic structure, including its interdependencies with the global economy.

Valuable work: your role with us

• During your internship, you will assist in ongoing work and/or work independently under the guidance of experienced staff members in one of the following topic areas:
• Analyses of the international trade activities of German companies based on firm-level microdata. The work includes:
  • processing large firm-specific microdata sets,
  • empirical analysis of the data using microeconometric methods.
• Analyses of the development of potential output in Germany. The work includes:
  • the application of filtering methods (in particular state-space models) for decomposing time series into trend and cycle components,
  • the analysis of total factor productivity.

Unique assets: your skills and qualifications

• Master’s or PhD students in economics, (business) mathematics, statistics or similar, with:
• very good knowledge of economics and econometrics;
• an interest in quantitative and empirical microeconometric or macroeconometric methods;
• experience with analyses in the field of international trade or with state-space models is an advantage;
• very good knowledge of Stata, R, Python or similar products;
• very good command of written and spoken German or English;
• students must be enrolled at a college/university for the entire duration of the internship.

Valuable work, generously rewarded

Remuneration and prospects

International working environment, varied tasks, national and international exchange opportunities, remuneration depending on your qualifications

New work

Home office opportunities, friendly and respectful working atmosphere, working hours: 39 hours/week, flexible and predictable working hours, flexitime system with additional work compensated by time off in lieu

Extra benefits

Canteen, good transport connections (bus and train), central location

Interested in enriching our team?

Then we can’t wait to receive your application. If there are still questions that you’d like answered before you apply, simply get in touch with the contact people named below.

Questions regarding the application process

praktikum@bundesbank.de 

Your questions about the area of responsibility

Project on international trade
Arne Nagengast
arne.nagengast@bundesbank.de 

Project on potential output
Marcus Jüppner
marcus.jueppner@bundesbank.de 

Please apply using our online tool until 10.07.2025, citing internship ID2025_0625_02, the time period you wish to apply for and, if applicable, the topic you wish to focus on.