Economist/Senior Economist/Economic Advisor - Macroeconomics Team

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Chicago, IL, USA
Posted on Saturday, November 4, 2023


Federal Reserve Bank of ChicagoThe Economic Research Department of the Federal Reserve Bank of Chicago invites applications for a research position in applied macroeconomics, broadly defined.

The Bank will consider applications from candidates with a strong publication record in economics and finance journals and at least 3 years of experience in an academic or similar research setting.

Successful candidates will be expected to conduct independent research that is published in leading academic journals, provide in-depth analysis for Bank policy briefings, and contribute to the mission of the Bank. Excellent communication skills are required.

The research staff at the Federal Reserve Bank of Chicago is a collegial and diverse group of economists with expertise in a variety of fields. The Chicago Fed provides an excellent research environment together with substantial support for research and competitive benefits. Salaries are commensurate with experience and level of achievement.

The Chicago Fed is committed to attracting, developing, and retaining a diverse workforce. We recognize the benefit derived from different perspectives and experiences, and we look carefully at candidates’ records to identify individuals whose perspectives could benefit our work. As such, we especially encourage submissions from groups traditionally less represented in economics. We seek to provide an inclusive environment where everyone is treated fairly and has equal access to opportunities.

Your Responsibilities

  • Conducts independent and original research on macroeconomic issues.
  • Conveys the results internally to the Research Department and Reserve Bank President and externally to the academic community and general public through published articles and presentations.
  • Provides commentary and recommendations on current financial and economic developments and policy issues to senior management and others.
  • Studies developments in particular field of specialization, advises colleagues and applies developments as appropriate.
  • Assigns work, provides direction and gives feedback on performance to others.
  • May make hiring recommendations.

Your Background

  • Ph.D. in Economics, Finance or a closely related field
  • At least 3 to 5 years of direct experience
  • You have made significant research contributions as evidenced by record of publications in high-quality, peer-reviewed academic journals

Applicants should submit:

1. CV

2. Cover letter

3. Job market paper

4. Three letters of recommendation (candidates with less than 3 years of experience) or a list of three references (candidates with 3 or more years of experience)

5. A brief statement on diversity

IMPORTANT NOTE: When asked to upload your resume on the Workday Portal, you must upload all supplementary application documents. There will not be an additional prompt to upload documents 2 3, 4 & 5. You must upload them on the same page where you upload your resume. Failure to do so will result postponing the review of your application.

Other Requirements:

This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. Citizen and pursue a path to citizenship.

As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category


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.

Privacy Notice