Bank of Italy
Research Fellowships For Economists

The Bank of Italy, Italy's central bank, intends to hold a competition to award five research fellowships for young economists with interest and experience in applied economic research and its policy implications.

DESCRIPTION: The fellowships will be with the Bank's Economic Research and International Relations Area and the Financial Stability Unit, in Rome; they are for the term of twelve months and are renewable for another twelve. Winners will be asked to develop a research project of their own in one of the macro-areas of the American Economic Association's JEL classification ( http://www.aeaweb.org/journal/jel_class_system.html). This year the research areas that are of special, but not exclusive, interest to the Bank are in the fields of 'business fluctuations and monetary policy', 'macroeconomic modelling and forecasting', 'credit, banking, financial stability and monetary policy', 'international macroeconomics, finance and trade', 'microeconomic behaviour of firms and consumers and the macroeconomy', 'market design and regulation', 'public finance'. Winners may also be asked to contribute to policy analysis and advise senior management on issues of relevance to the Bank within their field of expertise.

ABOUT THE BANK OF ITALY: The Bank of Italy provides a stimulating working environment that offers the fellows the opportunity to participate in top-notch academic seminars and conferences and to interact with policy makers. Winners of a fellowship will receive a monthly stipend of Euro 4,000 before tax.

QUALIFICATIONS: Applicants must have a Ph.D or equivalent degree or be about to receive one, i.e. have completed their exams (or other preparatory activity) and only have their theses to be discussed. Applicants must be fluent in English, both written and spoken.

APPLICATION PROCEDURE: In completing their applications candidates must comply with the indications given in the competition notice, which will be published from 2 October 2012 on the Bank's website ( http://www.bancaditalia.it) until 23 November 2012; the applications will be accepted only during that period. Candidates may elect to be interviewed either in Rome at the head office of the Bank of Italy from 17 to 21 December 2012 or in San Diego, California, USA, during the annual meeting of the American Economic Association, from 3 to 6 January 2013.

FURTHER INFORMATION: Candidates who are deemed to have completed their research successfully on the basis of a technical evaluation by a committee of experts may be invited to participate in a selection for the recruitment of permanent employees at the starting level in the management career. Such candidates must meet the requirements for recruitment by the Bank of Italy (i.e. citizenship of Italy or another EU country, a university degree recognized in Italy, and enjoyment of full political rights). They must also have a good knowledge of Italian, which will be verified during the selection procedure.

For all other matters, reference is made to the competition notice, which will be published in the Gazzetta Ufficiale della Repubblica italiana on 2 October 2012 and available on the Bank's website as of the same date.



Posted 9/16/12