Consultant for Technical Paper on Exchange Rate Pass-Through

Job Posting Organization:
The job posting organization is the United Nations, an international organization founded in 1945, which aims to promote peace, security" style="border-bottom: 1px dotted #007bff !important;">security, and cooperation among countries. The UN has a mission to address global challenges and improve the lives of people worldwide. It operates in numerous countries, with a vast network of employees working across various sectors, including economic development, human rights, and humanitarian assistance.

Job Overview:
The consultant will be responsible for delivering a comprehensive technical paper focused on Exchange Rate Pass-Through and Monetary Policy reforms in two selected Arab countries. This role involves utilizing a Dynamic Stochastic General Equilibrium (DSGE) framework to analyze the impact of exchange rate fluctuations on inflation and economic activity. The consultant will conduct structural analysis using DSGE models tailored to two distinct dollarized economies: one oil-exporting economy with a rigid exchange rate regime and one non-oil, net-importing economy with a more flexible exchange rate regime. The objective is to provide actionable insights for central banks and economic authorities in the Arab region, particularly in the context of ongoing monetary reforms. The consultant will be expected to produce a detailed outline, a first draft, and a final draft of the technical paper, along with the necessary codes and databases in Excel format.

Duties and Responsibilities:
The consultant will calibrate the DSGE framework using country-specific data to analyze both short-run and medium-run exchange rate pass-through. This includes assessing the dependence of exchange rate pass-through on various shocks, such as monetary, external demand, commodity price, or risk-premium shocks. The consultant will conduct policy experiments to compare different monetary policy regimes, including inflation targeting and exchange rate smoothing, and evaluate how improvements in policy credibility can alleviate inflationary pressures caused by exchange rate movements. The framework will be adapted for oil-exporting economies to account for hydrocarbon revenues, while for non-oil economies, it will focus on vulnerabilities related to external financing and import costs. The results will provide critical insights for policy decisions regarding exchange rate management and inflation control.

Required Qualifications:
Candidates must possess an advanced university degree (master’s degree or equivalent) in economics, econometrics, or a related field. A PhD in these areas is highly desirable. Additionally, candidates should have a minimum of 15 years of progressively responsible experience in analyzing macroeconomic policy issues, particularly in macro econometric modeling and forecasting. Familiarity with DSGE models and knowledge of economic development issues in Arab countries are also desirable. Publications in reputable journals related to macroeconomic policy are a plus.

Educational Background:
The educational background required for this position includes an advanced degree in economics, econometrics, or a related field. A master's degree is mandatory, while a PhD is highly preferred. All candidates must submit a copy of their educational qualifications as part of the application process, as incomplete applications will not be considered.

Experience:
The position requires a minimum of 15 years of progressively responsible experience in the field of macroeconomic policy analysis. This experience should include a strong focus on macro econometric modeling and forecasting exercises. Familiarity with DSGE models is considered an asset, as is knowledge of the economic development landscape in Arab countries.

Languages:
Fluency in English is required for this position, with English being one of the working languages of the United Nations Secretariat. Knowledge of French is also beneficial, as it is another working language of the UN. Additionally, Arabic is a working language of the Economic and Social Commission for Western Asia (ESCWA). Fluency in English means a rating of 'fluent' in all four areas: speaking, reading, writing, and understanding. Knowledge of French or Arabic is considered a valuable asset but is not mandatory.

Additional Notes:
The position is remote and expected to last for a duration of four months. There are no additional notes regarding contract duration, seniority level, or compensation provided in the job posting. It is important to note that the United Nations does not charge any fees at any stage of the recruitment process, including application, interview, or training.