Computational Economics Expert

Job Posting Organization:
The International Monetary Fund (IMF) is an international organization established in 1944, headquartered in Washington, D.C. Its mission is to promote global economic stability and growth by providing financial assistance, policy advice, and technical assistance to its member countries. The IMF has a diverse workforce of over 2,700 employees from around the world, operating in 190 countries. The organization plays a crucial role in the global economy by monitoring economic trends, providing financial support, and facilitating international trade and investment.

Job Overview:
The Computational Economics Expert position is a critical role within the IMF's Information Technology Department, specifically in the Econometric Modeling, Big Data, AI & ML Platforms Family. This role is designed for individuals who possess a unique blend of strong computer science and economics skills, enabling them to provide integrated solutions to complex economic problems. The expert will be responsible for utilizing computer-based economic, econometric, and machine learning modeling techniques to enhance the Fund's capabilities in surveillance, lending, and capacity development. Additionally, the role involves developing and delivering training on these modeling techniques, ensuring that staff are equipped with the necessary skills to apply these advanced methodologies effectively. The position requires a proactive approach to problem-solving and the ability to communicate complex technical concepts to non-experts, making it essential for the expert to stay updated with current academic research in computational economics and related fields.

Duties and Responsibilities:
The duties and responsibilities of the Computational Economics Expert include:

• Collaborating with economists, financial sector specialists, and other professionals to select appropriate methods and data sets for economic and econometric modeling.
• Developing and implementing advanced economic and econometric models tailored to the Fund's needs.
• Conducting research to address challenges in economic and econometric modeling.
• Analyzing requests, designing methodologies, and developing programs and modules for advanced models.
• Researching and developing algorithms to enhance the performance and capabilities of existing models.
• Writing computational and data processing programs using high-level programming languages such as Matlab, Python, and R.
• Creating course materials and providing training on economic and econometric modeling techniques.
• Keeping abreast of current academic research in computational economics, applied mathematics, and econometrics.
• Performing other responsibilities necessary to deliver effective Computational Economics solutions.

Required Qualifications:
Candidates must possess an advanced degree in Computer Science, Economics, Engineering, Applied Mathematics, or a relevant field, along with a minimum of four years of post-graduation professional experience. Alternatively, a Bachelor's degree with at least ten years of post-graduation professional experience is acceptable. Additionally, candidates must demonstrate expertise in economic and econometric modeling, including familiarity with time series, cross-section, panel data econometrics, and macroeconomic models such as DSGE, HANK, and ABM. Proficiency in quantitative modeling and statistical estimation methods is also required, along with the ability to manage ambiguity and competing objectives effectively.

Educational Background:
The educational background required for this position includes an advanced degree in a relevant field such as Computer Science, Economics, Engineering, or Applied Mathematics. Candidates with a Bachelor's degree must have substantial professional experience to qualify. The role demands a strong foundation in both theoretical and applied aspects of economics and computer science, ensuring that the expert can navigate complex economic modeling challenges.

Experience:
The position requires a minimum of four years of professional experience post-graduation for candidates with an advanced degree, or ten years for those with a Bachelor's degree. This experience should be in areas related to economic and econometric modeling, programming, and data analysis, demonstrating a strong capability to apply theoretical knowledge in practical settings.

Languages:
While the job description does not specify mandatory languages, proficiency in English is essential given the international nature of the IMF and its operations. Additional language skills may be beneficial but are not explicitly required for this position.

Additional Notes:
This vacancy is for a 3-year Term appointment in accordance with the IMF's employment rules that were updated on May 1, 201

• The position is full-time and may involve collaboration with international teams. The IMF is committed to diversity and inclusion, ensuring that employment decisions are made without discrimination. Reasonable accommodations for disabilities during the selection process are welcomed and will be provided as needed.