Applications are invited for a post-doctoral Research Fellow in the Department of Economics at University College London to work on the research project “Liquidity Policies in the 21st Century” which has received funding from the European Research Council (ERC) (Consolidator Award) under the European Union’s Horizon (2021-2027) research and innovation programme.
Professor Saleem Bahaj, the Principal Investigator, is seeking to appoint a Research Fellow to work on this exciting project from September 2027 for two years (negotiable).
About the Research Project
Central banks are the guardians of financial stability, but modern markets face unprecedented risks that traditional policies struggle to address. The ERC-funded “Liquidity Policies in the 21st Century” project is redesigning liquidity strategies to fit this complex landscape. By examining how banks manage reserves and deposits under today’s regulatory constraints, the project identifies more efficient ways to control inflation and fiscal costs. It further investigates how lender-of-last-resort support can be tailored to distinguish between cautious hedgers and risky speculators. Finally, the project explores how targeting specific institutions can maximise the economic boost of liquidity injections. These insights provide a vital roadmap for policymakers to ensure Europe’s financial systems remain resilient and effective in a rapidly evolving global economy.
What We Offer
Professor Saleem Bahaj, the Principal Investigator, is seeking to appoint a Research Fellow to work on the “Liquidity Policies in the 21st Century” project. The researcher will be appointed from September 2027 for two years (negotiable). The Appointment will be on UCL salary scale Grade 7, £47,186 to £55,099 per annum inclusive of London Allowance, dependent upon experience and qualifications.
The UCL full-time working week totals 36.5 hours. Annual leave is 27 days per year. In addition, staff benefit from six College closure days per year. The person appointed will work at the offices of the Department of Economics, Drayton House, 30 Gordon Street, London WC1H 0AX.
Candidates should submit applications via the Econ Job Market website. We will be interviewing candidates online via Zoom in December 2026.
Closing date: Midnight UTC on 30 November 2026.
Queries regarding the application procedure should be addressed to Prof Saleem Bahaj s.bahaj@ucl.ac.uk.
Submission materials required
- Cover letter: required
- Curriculum vitae: required
- Job market paper: required
- Video presentation of job market paper: optional
- Additional paper: optional
- Other material (in one file): optional
- Recommenders: 3
Application procedure
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- Cover letter
- Curriculum vitae
- Job market paper
- Video presentation of job market paper (optional)
- Additional paper (optional)
- Other material (in one file) (optional)
- Additional paper (optional)
- Recommenders: 3