The tasks of the Monetary Policy Section (MP) are to provide policy advice to senior management and to conduct applied research. The former includes providing support in the form of monetary policy briefings for the meetings of the ECB Governing Council as well as various ad-hoc requests on monetary and inflation related issues. On the basis of the latest findings in economic theory and its empirical methods, as well as our own research, we monitor, analyze and research monetary and inflation policy issues.

We offer interested students, preferably starting with 01.01.2027, a four- to six-month (employment level 50-100%)

Internship in the Monetary Policy Section (all genders)

Your tasks

• Collaborate with staff on analysis, research, and modeling related to monetary policy and inflation
• Assist in the development and improvement of data analysis tools and macroeconomic models (multivariate time series models and DSGE) in R and MATLAB
• Support in writing scientific papers related to monetary policy and inflation, including data preparation, literature research, and visualization of results
• Assist in preparing briefing materials and ad hoc reports for the top management, as well as in preparing and processing data

Your Background

• You are currently in the final stage of a Master’s degree or are pursuing a PhD in one of the following fields: (Quantitative) Economics, Statistics, Data Science, Mathematics, or Finance
• You have a strong interest in monetary policy and inflation, ideally complemented by initial experience in the field of monetary economics and inflation
• You are proficient in relevant state-of-the-art software packages (R, MATLAB, Stata, Python, etc. - preferably R and RShiny) and are skilled in using MS-Office (PowerPoint, Excel, Word)
• You have experience or an interest in empirical work that requires the handling of complex data sets (e.g., with publicly available data from Eurostat, ECB, etc.)
• Experience with macroeconomic models like VAR or DSGE models is an asset
• You are willing to collaborate with and support other team members in achieving common goals
• You have excellent presentation and communication skills
• You have strong English language skills (German is an asset but not required)

What we offer

• Challenging tasks in an international environment
• Exciting insights into the work of a central bank
• Friendly and open working atmosphere
• Flexible working hours and the possibility of home office
• Possibility of a part-time internship aside the Master/PhD program
• Gross monthly salary of € 2.064 based on full-time employment (38.5 hours)

Please include a cover letter stating your preferred starting date (preferably January or June, 2027), duration (4-6 months), and whether you prefer full- or part-time.

Deadline for applications: October 20^th, 2026

We look forward to receiving your application including a letter of motivation. To further enhance diversity, the OeNB particularly encourages applications from female candidates. In case of equal merit, preference will be given to female applicants. Applications from candidates with disabilities are expressly encouraged. If you have any questions regarding the internship or application process, please feel free to contact Shawnee Leeb, BSc MSc (+43 676 5015875).