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:
• Trend–cycle decomposition of time series data: The work comprises
  • the application of filtering methods (e.g. state-space models) for the trend–cycle decomposition of time series,
  • the analysis of the structural unemployment rate / the NAIRU.
• Analyses of the international trade activities of German firms based on firm-level data. The work comprises
  • the preparation of extensive firm-level micro datasets,
  • the empirical evaluation of the data using microeconometric methods.
• Analysis of wage data: The work comprises
  • the evaluation of extensive microdata on collective agreements,
  • the analysis of these data using Power BI and other tools.

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 trend-cycle decompositions, analyses in the field of international trade or analyses of wage developments is an advantage;
• very good knowledge of Matlab, Stata, R, Python, Power BI 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, for full-time currently stands at €2.200 per month

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

Marcus Jüppner
marcus.jueppner@bundesbank.de 

Please apply using our online tool until 14.11.2025, citing internship ID2025_1061_02, the time period you wish to apply for and, if applicable, the topic you wish to focus on.