Research Field: Social sciences
Career Stage: Recognised Researcher (R2) - PhD holders or equivalent who are not yet fully independentEstablished Researcher (R3) - Researchers who have developed a level of independenceLeading Researcher (R4) - Researchers leading their research area or fieldAbout: Researchers with a Ph.D. or an equivalent level degree are eligible to apply for the research fellowships for economists that the Bank of Italy offers annually in its Directorate General for Economics, Statistics and Research in Rome.
The fellowships are for twelve months, renewable for another twelve, and provide fellows with a monthly stipend of €4,000 before tax.
Usually, the fellowships are announced in October each year, and applications can be accepted through November.
Winners carry out the research project they propose in one of the fields listed in the notice of competition.
When the project is concluded, the fellows may be invited to take part in a competition for a permanent position with the Bank at the entry level of the managerial career stream.
During the fellowship, participants are expected to carry out the research project proposed in their application, have autonomy to organize their research activities, and can use all the facilities available at the Bank (databases, library, computing resources), in a stimulating environment.
They also have the opportunity to participate in high-level academic workshops and to interact with policymakers.
Researchers may be asked to join other research projects and to contribute to policy analysis in their fields of expertise, with the advice of a tutor.
The fellowship lasts twelve months, renewable for another twelve, with a monthly salary of €4,000 before taxes and social security contributions (under standard tax treatment, the net amount would be about €2,500, but this can increase significantly if the researcher is eligible for tax breaks granted under the provision of Decree Law 78 / 2010).
Research fellows enjoy a number of benefits available to all Bank of Italy employees.
The Bank typically funds and encourages participation in relevant international seminars, workshops, and conferences.
Since the Banca d'Italia is part of the European System of Central Banks, working for the Bank gives an opportunity to participate in joint research and policy analysis with other central banks.
Economists working at the DG ESR are expected to carry out both economic research and policy analysis conveyed through internal notes, contributions to policy debate, and the Bank's publications.
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