Associate Economists (AEs) assist in the analysis of public policy issues and events related to monetary policy, bank regulation, payments systems, financial markets and the state of the U.S. and global economies.
Some day-to-day activities include:
- Compiling, reviewing and assessing economic and financial data from journals, market sources and government reports.
- Performing econometric, computational and analytical research and running financial, banking, macroeconomic and forecasting models.
- Programming in statistical packages such as MATLAB, SAS, STATA and GAUSS.
- Writing, assisting and/or delivering presentations to the Bank's president and senior management.
What We Look for
- Bachelor's or graduate degree candidates with a strong background in economics, mathematics and statistics
- Familiarity with programming languages and statistical software packages such as C++, Fortran, MATLAB, SAS, STATA, GAUSS and others
- Recruitment of Associate Economists begins in the fall and lasts throughout the winter months.
- Associate Economists typically join the Fed in late spring/early summer.
- The Associate Economist program is a 2-to-3-year role offering a strong platform for graduate studies, specifically in well-regarded doctorate programs in economics.
- The Economic Research Department conducts policy-relevant research in macroeconomics, microeconomics, financial studies and regional economic issues.
- The department has a collegial and intellectually stimulating environment.
- Team members collaborate to serve the public good, challenging and supporting one another on their assumptions, thinking and conclusions.
- Many AEs pursue graduate degrees in economics upon leaving their AE position. Others choose to move to a different role at the Chicago Fed. Recent AEs have attended top graduate programs at universities such as the University of Chicago, Harvard, Yale, the Massachusetts Institute of Technology, Northwestern, Stanford, the University of Pennsylvania and the University of Michigan.
- AEs co-author economic articles and publications with senior economists. In recent years, two Chicago Fed AEs have been awarded the National Science Foundation Graduate Fellowship.