Resident Scholar - Microeconomics
Job Description & Qualification
The Federal Reserve Bank of Chicago plans to host a Resident Scholar in Applied Microeconomics from January 2025 to December 2025. The Resident Scholars will pursue their own research, interact with our staff and visitors, and participate in policy discussions.
This is a position intended to last no more than one year. Shorter durations and the start date are negotiable.
The Bank will consider applications from candidates with a strong publication record in economics journals and at least 3 years of experience in an academic or similar research setting.
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:
• Conduct independent and original research.
• Participate in policy discussions through Bank publications or research briefings aligned with area of expertise.
• Provide advice and feedback to colleagues and other visitors on their work.
Your Background:
• Ph.D. in Economics or a closely related field
• At least 3 years of research experience
• Significant research contributions as evidenced by a record of publications in high-quality, peer-reviewed academic journals
Applicants should submit:
1. CV
2. Cover letter
3. A list of three references
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 1, 2 & 3. 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.
Additional Requirements:
This is a hybrid position requiring a minimum of three days per week in office.
This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.
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. 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
Regular
Job Exempt (Yes / No)
Yes
Work Shift
First (United States of America)
This is a position intended to last no more than one year. Shorter durations and the start date are negotiable.
The Bank will consider applications from candidates with a strong publication record in economics journals and at least 3 years of experience in an academic or similar research setting.
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:
• Conduct independent and original research.
• Participate in policy discussions through Bank publications or research briefings aligned with area of expertise.
• Provide advice and feedback to colleagues and other visitors on their work.
Your Background:
• Ph.D. in Economics or a closely related field
• At least 3 years of research experience
• Significant research contributions as evidenced by a record of publications in high-quality, peer-reviewed academic journals
Applicants should submit:
1. CV
2. Cover letter
3. A list of three references
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 1, 2 & 3. 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.
Additional Requirements:
This is a hybrid position requiring a minimum of three days per week in office.
This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.
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. 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
Regular
Job Exempt (Yes / No)
Yes
Work Shift
First (United States of America)
About the Organization
The Chicago Fed is, first and foremost, an organization devoted to serving the public good. We are committed to fostering economic opportunity by advancing a healthy, inclusive economy and promoting a trusted financial system. We serve the Seventh District, an economically and demographically diverse region made up of Iowa and most of Illinois, Indiana, Michigan, and Wisconsin. As a part of the Federal Reserve System—the United States’ central bank—we contribute to the creation of national monetary policy, supervise and regulate banking organizations, and provide financial services to banks and similar institutions, as well as to the U.S. government.
Our District
Served by the Federal Reserve Bank of Chicago, the Seventh Federal Reserve District comprises Iowa and most of Illinois, Indiana, Michigan, and Wisconsin. Its largest metropolitan areas are Chicago, Detroit, Indianapolis, Milwaukee, and Grand Rapids. More than 35 million people lived in the District as of 2021.
Vision
A healthy, stable, and inclusive economy and financial system for our region and nation, where all have the opportunity to thrive.
Mission
The fundamental mission of the Federal Reserve System is to foster the stability, integrity, and efficiency of the nation's monetary, financial, and payment systems so as to promote optimal macroeconomic performance. To this end, the Federal Reserve Bank of Chicago participates in the formulation and implementation of national monetary policy, supervises and regulates designated financial institutions, and provides financial services to depository institutions and the U.S. government.
Values
Integrity
We are honest, fair, courageous, and independent in our work.
Respect
We value diverse people and perspectives, empowering each other to advance our mission.
Responsibility
We work to honor our commitments and hold ourselves accountable.
Excellence
We strive in our work to deliver the best results for the public we serve
Our District
Served by the Federal Reserve Bank of Chicago, the Seventh Federal Reserve District comprises Iowa and most of Illinois, Indiana, Michigan, and Wisconsin. Its largest metropolitan areas are Chicago, Detroit, Indianapolis, Milwaukee, and Grand Rapids. More than 35 million people lived in the District as of 2021.
Vision
A healthy, stable, and inclusive economy and financial system for our region and nation, where all have the opportunity to thrive.
Mission
The fundamental mission of the Federal Reserve System is to foster the stability, integrity, and efficiency of the nation's monetary, financial, and payment systems so as to promote optimal macroeconomic performance. To this end, the Federal Reserve Bank of Chicago participates in the formulation and implementation of national monetary policy, supervises and regulates designated financial institutions, and provides financial services to depository institutions and the U.S. government.
Values
Integrity
We are honest, fair, courageous, and independent in our work.
Respect
We value diverse people and perspectives, empowering each other to advance our mission.
Responsibility
We work to honor our commitments and hold ourselves accountable.
Excellence
We strive in our work to deliver the best results for the public we serve
For Additional Questions
Job ID
ID: J15925