Company

Federal Reserve Bank of New YorkWorking at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

Your role as Economic Research Economist

• Conduct research and policy analysis on topics in financial economics, international finance, and macroeconomics.
• Develop models and conduct empirical analyses to deliver new insights into the economic forces that drive the global economy and international labor markets.
• Develop and estimate structural models of individual and firm behavior.
• Draw causal inferences using advanced econometric techniques including synthetic control methods, regression discontinuity design, instrumental variable analysis, and quantile regressions.
• Analyze large datasets to deliver new insights on macroeconomic policy.
• Develop and implement new approaches to inform policy.
• Publish innovative findings in academic journals and write policy briefings.
• Advise Bank senior management on issues of microeconomic and macroeconomic policy.

What we are looking for:

• Ph.D. in Economics, plus 1 year of experience in the position offered or as a Professor teaching graduate courses in macroeconomics to Master’s and Ph.D. students.
• Dissertation research must have included building a tractable model of firm and worker re-allocation over the business cycle, documenting worker re-allocation during the Great Recession in administrative firm-level data, quantifying the role of search frictions in determining aggregate labor productivity after a large economic downturn, studying the economic risks faced by the self-employed in the labor market, and using longitudinal data to quantify sorting in knowledge production.
• Employees can expect to be in the New York office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

Salary Range: $200,000 - $275,200

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.

Benefits:

Our organization offers benefits that are the best fit for you at every stage of your career:

• Fully paid Pension plan and 401k with Generous Match
• Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
• Subsidized Public Transportation Program
• Tuition Assistance Program
• Onsite Fitness & Wellness Center
• And more

Candidates must undergo an enhanced background check and will be tested for all controlled substances prohibited by federal law, to include marijuana.

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Economics/Research

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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