Our employees ensure that our single currency and the European financial system remain stable. How do they succeed? Here, they have the time, scope and tools to penetrate the depth of complex financial and economic topics and to develop sustainable solutions. They work agile, digital and across borders. In teams that do not know prejudices, but common goals. Become part of something special and create a solid foundation for your career!
Internship in the Macroeconomic Analysis and Projections Division
- Job-ID: J000000073
- Location: Frankfurt am Main
- Employment rate: Full-time/ part-time possible
- Employment Duration: Temporary
- Application deadline: 03.07.2026
The “Macroeconomic Analysis and Projections” Division analyses and forecasts macroeconomic developments in Germany, contributes to the macroeconomic forecasts for the euro area and examines structural aspects of the German economy. The internship is based in the areas of responsibility of the Prices Group and the Structural Group. The Structural Group analyses the structural foundations of Germany’s medium to long-term economic development. Its topics include foreign trade-related issues, such as the international connections of the German economy and the effects of changing global economic relations on Germany. The Prices Group analyses and forecasts the inflation rate in Germany and the euro area using econometric and semi-structural models, as well as micro-price data.
Work of special value: your commitment with usWork of special value: your commitment with us
During your internship, you will assist in ongoing work and/or work independently under the guidance of experienced staff members in one of the following topic areas.
Analysis and forecasting of inflation in the euro area based on Bayesian time-series models:
- Development and extension of Bayesian forecasting models for the euro area
- Trend modelling in Phillips curve approaches
Analyses of the international trade activities of German firms based on firm-level data:
- Preparation of extensive firm-level micro datasets
- Empirical analysis of the data using microeconometric methods
- Development of a suitable theoretical model framework
Analyses of the development of potential output in Germany:
- Application of filtering methods (in particular state-space models) for decomposing time series into trend cycle components
- Analysis of total factor productivity and its determinants.
Special values: your qualificationsSpecial values: your qualifications
- Master’s or PhD students in economics, (business) mathematics, statistics or similar
- Current grade average: 2.5 or better
The following are highly desirable:
- Very good knowledge of economics and econometrics
- Interest in quantitative analyses, micro- or macroeconometric methods and theoretical modelling
- Experience with analyses and/or theoretical models in the field of international trade, trend-cycle decomposition models, or Bayesian econometrics is an advantage
- Very good knowledge of Stata, R, Matlab, Python or comparable statistics or programming software
- Very good command of written and spoken German or English
Our Benefits
Interested in enriching our team?
Then we are already very excited about your application. If you have any questions in advance, please contact the relevant contact person.
Your questions regarding the application:
Your questions about the job profile:
Diversity and equal opportunities are important to us. Where candidates are equally qualified for the position, preference will be given to disabled applicants. The Deutsche Bundesbank is also promoting equal opportunities for women and men, especially when filling management positions. We therefore particularly welcome applications from women.