Specialized Economist

Job Posting Organization:
The International Monetary Fund (IMF) is an international organization established in 1944 with the mission to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. The IMF has a diverse workforce of over 2,700 employees from around the globe, operating in 190 member countries. The organization plays a crucial role in the global economy by providing financial support, policy advice, and technical assistance to its member countries.

Job Overview:
The Economic Modeling Division within the Research Department of the IMF is focused on enhancing and applying a comprehensive suite of global macroeconomic models. This position primarily involves the development and application of these models to support both bilateral and multilateral surveillance efforts. The specialized economist will be responsible for maintaining and enhancing the Fund’s large global and regional macro models, particularly the Global Integrated Monetary and Fiscal (GIMF) model. The role will also include theoretical development of the models and computational methods, as well as applying these models to address various policy issues, conducting scenario analyses, and producing risk assessments. The economist will work closely with other divisions and departments to ensure effective collaboration and alignment on surveillance activities.

Duties and Responsibilities:

• Maintain and enhance global macroeconomic models, with a focus on the GIMF model, particularly in analyzing global imbalances and incorporating Integrated Policy Framework (IPF) features.
• Engage in theoretical development of macroeconomic models and computational techniques necessary for their resolution, utilizing the latest research findings.
• Apply macroeconomic models for multilateral and bilateral surveillance, contributing to major IMF publications such as the World Economic Outlook and External Sector Report.
• Produce economic projections, scenario analyses, and risk assessments for individual and multiple country economies using the developed models.
• Collaborate closely with other divisions, the front office, and various departments to ensure alignment and effective communication on surveillance activities.

Required Qualifications:

• A PhD in macroeconomics or a related field, or a master’s degree with at least four years of relevant professional experience.
• Strong analytical skills with familiarity in state-of-the-art empirical and theoretical modeling techniques.
• Ability to build collaborative relationships and advocate effectively within the organization.
• Experience in bilateral and multilateral surveillance or Fund programs is preferred.
• A history of publishing relevant work in leading academic journals is considered an asset.

Educational Background:
Candidates must possess a PhD in macroeconomics or a related field. Alternatively, a master’s degree combined with significant professional experience (at least four years) in a relevant area is acceptable. The educational background should provide a strong foundation in macroeconomic theory and modeling techniques.

Experience:
Candidates should have substantial experience in the development of large-scale macroeconomic models and model-based forecasting. Experience in policy-relevant simulation analyses and forecasting processes within central banks is highly desirable. The role requires independent judgment and the ability to work with limited supervision, as well as occasional oversight of junior staff.

Languages:
Proficiency in English is mandatory. While not required, familiarity with programming languages such as MATLAB, Dynare, Python, or R would be beneficial for the role.

Additional Notes:
The position is available at various levels (A11, A12, A13, A14) within the organization, indicating different seniority levels. 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 information on how to request such accommodations will be provided during the application process.