EconJobMarket®

On Nov. 3, the recruiter updated the first sentence to include "or finance."

The Deutsche Bundesbank’s Directorate General Financial Stability invites PhD-candidates (or those nearing completion of their PhD) in economics or finance to express their interest in joining our team.

We are particularly interested in candidates whose area of expertise covers one of the following fields:

• Structural and digital transformation of the financial system: Data-driven empirical analysis of digital innovations (such as AI, crypto assets, stablecoins, CBDCs) and their impact on the financial system;
• Macrofinance, in particular modelling: time series econometrics, financial econometrics, structural models.

The Bundesbank's Directorate General Financial Stability provides policy advice in line with the Deutsche Bundesbank's financial stability mandate. It contributes to the Bundesbank’s positioning in national, European and international policy fora and the debate on current and conceptual issues in macro-finance, financial stability, and macroprudential policy. Excellent drafting skills in both German and English are required.

For more information, please have a look at our Financial Stability Review 2024 | Bundesbank publications and our forthcoming Financial Stability Review 2025 Homepage | Deutsche Bundesbank.

Economists interested in an interview should submit the following documents via the EconJobMarket website:

• a cover letter, specifying their preferences for the above-mentioned topics
• a job market paper
• a cv
• at least two reference letters, submitted by referees.

All documentation must be received by Monday, 24 November 2025 midnight CET.

We will be conducting virtual interviews from Monday, December 15, to Friday, December 19, 2025.

Any other enquiries can be addressed to zsf@bundesbank.de

The Deutsche Bundesbank’s Research Centre is seeking talented economists with a PhD (or those nearing completion of their PhD) in economics or finance to join our team on both a permanent tenure-track and a temporary postdoctoral basis.

We are particularly interested in candidates whose research aligns with the following areas:

• AI and Digital Innovations: Impacts on financial intermediaries, cyber risks, banking supervision, labor market matching, and financial frictions.
• Digital Payment Systems (CBDCs and Stablecoins): Effects on financial stability, market structure, liquidity management, and lender-of-last-resort considerations.
• Geopolitical Fragmentation and Risks: Impacts on financial intermediaries, regulation, risk sharing and capital flows.
• Demographic Change: Aging populations and digital banking models, risk attitudes, and pension systems.

We will be conducting virtual interviews from Monday, December 15, to Friday, December 19, 2025.

The Bundesbank's Research Centre conducts high-quality academic research and provides research-based policy advice in line with the Deutsche Bundesbank's mandates, which include monetary policy, macroprudential policy, and banking supervision.

For more information, please visit our website: Bundesbank Research Centre

Researchers interested in an interview should submit the following documents via the EconJobMarket website:

• a cover letter, specifying their preferences for the above-mentioned research topics
• a job market paper
• a cv
• at least two reference letters, submitted by referees.

All documentation must be received by Thursday, 13 November 2025 midnight CET.

Any other enquiries can be addressed to researchrecruiting@bundesbank.de