Economist

Federal Reserve Bank of Philadelphia•Richmond, VA

About The Position

The Research Department of the Federal Reserve Bank of Richmond conducts research to support policymaking and thought leadership on issues important to the Federal Reserve and Fifth District communities. The Economist contributes to the Bank’s standing in the economics profession by producing research for publication in top-tier journals, counseling Bank leadership on the national, regional, and international economy, monetary policy, banking and financial regulation, and financial markets, and supporting high-priority department initiatives. The role conducts independent economic research and analysis, presents work at academic and Federal Reserve System conferences, prepares policy briefings for the Bank president, and briefs and advises senior management. The Economist also provides subject matter expertise for strategic initiatives, collaborates with and mentors research assistants, participates in research activities, and helps promote a diverse and collaborative research environment.

Requirements

Ph.D. in economics or a related discipline.
Fundamental knowledge of economic theory, econometrics, and statistics.
Knowledge of economic policy analysis and subject matter expertise demonstrated through rigorous research and analysis suitable for top academic journals.
Ability to author content that clearly and concisely conveys critical information about complex subjects.
Strong engagement skills sufficient to present complex information.
Superior skills using econometric and statistical analysis software and computer programming languages.
Ability to travel to conferences and within the Federal Reserve System.
Compliance with the Bank’s Employee Code of Conduct, including conflict-of-interest rules and personal investment restrictions.

Responsibilities

Conduct independent research and analysis in economics, including macroeconomics, banking and financial markets, and regional and urban economics, using advanced economic theory and/or statistical and econometric analysis.
Produce research for publication in top-tier external journals and Bank publications.
Present research at high-caliber academic conferences and Federal Reserve System conferences.
Prepare and deliver scheduled and ad hoc policy briefings for the Bank president on policy matters, banking, or regional activities.
Brief and counsel senior management on the national, regional, and international economy and on monetary policy, bank and financial regulation, and financial markets.
Assist in preparing speeches or presentations for senior management.
Build subject matter expertise in specific policy areas through research and external relationships.
Provide subject matter expertise in support of department and Bank initiatives.
Collaborate with and mentor research assistants.
Participate in research programming, activities, discussions, and deliberations.
Promote a diverse and collaborative research environment.