THE BANK OF ITALY


                Research Fellowships for Economists



     The Bank of Italy, Italy's central bank, intends to hold a
     competition to award four research fellowships for young
     economists with interest and experience in applied economic
     research and its policy implications. The fellowships will
     be with the Bank's Economic Research and International
     Relations Area 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



     OVERVIEW:


     This year the Bank will give priority, among projects of
     equivalent scientific merit, to those in the fields of
     "business fluctuations and monetary policy", "forecasting
     and simulation", "credit, financial stability and monetary
     policy", "international finance and monetary systems",
     "microeconomic behaviour and the macroeconomy", and "market
     design and regulation". 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.



     DESCRIPTION:


     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 on 2 October 2009 on the Bank's website:


     http://www.bancaditalia.it/bancaditalia/lavorare/fellowship


     Candidates may elect to be interviewed either in Rome at
     the head office of the Bank of Italy from 21 to 23 December
     2009 or in Atlanta, Georgia, during the annual meeting of
     the American Economic Association, from 3 to 6 January
     2010.



     FURTHER INFORMATION:


     Candidates who are deemed to have completed their research
     successfully on the basis of a technical evaluation by a
     committee of experts appointed by the Governor 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 2009 and available
     on the Bank's website as of the same date.

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Posted 10/12/09