PhD Economists
Economists in Monetary Analysis provide key analytical support in the setting of monetary policy to help achieve the United Kingdom’s inflation target. Through its macroprudential risk assessment and policy analysis work, the Financial Stability area supports the work of the newly-created Financial Policy Committee. The FPC detects threats to financial stability, and is at the forefront internationally in developing and implementing policies to address these threats and help prevent future financial crises.
Most new PhDs join either the Monetary Analysis or the Financial Stability areas of the Bank. The work of these areas flows directly from the Bank’s two core purposes: promoting and maintaining monetary and financial stability.
Economists in both areas are offered a unique opportunity to contribute to real-world policy making, both through work that directly supports the policy process and high-quality research.
Given the tight links between policy and research work, the Monetary Analysis and Financial Stability areas are organised into a number of divisions responsible for both policy and research on particular aspects of the economy or financial system.
Our PhD economists are challenged to apply their strong economics, finance or quantitative skills to current policy debates, often working closely with senior managers and policy makers. And our PhD economists play a key role in creating high-quality research focused on key policy issues. Applicants are expected to be flexible to apply their technical ability to policy-relevant research questions across a range of different topics and fields.
At the Bank of England we do not have a separate research department: instead research is undertaken by smaller teams focused on specific areas. This structure fosters synergies between policy and research work, generating results of the highest quality. For example, in a recent study of central bank research the Bank of England ranks among the top echelon of central banks, particularly when research is weighted by policy relevance. Please follow the link for an indication of the different research avenues pursued by economists at the Bank.
To read more about the work of our PhD Economists, please view these profiles.
We are now closed for applications for PhD Economist positions starting in Autumn 2012.
The Bank also offers PhD internships for people currently studying for a PhD. We are currently open for applications, with a deadline of 5pm on Monday 6th February 2012. The application form can be accessed here.