Young economists’ competition
ECB Forum on Central Banking
29 June – 1 July 2020, Sintra
Every year the European Central Bank (ECB) invites PhD students to participate in the ECB Forum on Central Banking, held in Sintra, Portugal. Selected candidates are given the unique opportunity to present their research and engage with policymakers and top academics from around the world.
The theme of the 2020 Forum is “Central banks in a shifting world”. PhD students are invited to submit papers addressing the following topics:
- the quantitative formulation of price stability and the approaches (including economic and monetary analyses) and instruments by which price stability is achieved;
- the effectiveness and the potential side effects of the monetary policy toolkit developed over the past decade;
- how monetary policy should take into account financial stability, employment and environmental sustainability;
- the macroeconomic and financial implications of structural changes (e.g. an ageing population, slowing productivity, globalisation and potential reversals, evolving financial structures, threats to environmental sustainability) and how they affect inflation and the conduct of monetary policy;
- monetary policy communication practices;
- the roles of monetary and fiscal policies in a low interest rate environment.
Papers on other topics relevant to central banking (including the deepening of the European Economic and Monetary Union, the functioning of the euro area economy and financial system, financial stability as well as banking regulation and supervision) will also be considered.
Based on the submitted papers, 10 PhD students will be chosen by the ECB’s Directorate General Research to attend the Forum. The selected candidates will have the chance to display the main findings of their research in the form of a poster and engage with policymakers, top academics and market economists from around the world.
At the Sintra Forum, the posters will be assessed by a committee of senior ECB staff and top academics, taking into account votes received from Forum participants. The winner of the best paper award will be announced by the President of the ECB during the conference and will be awarded a prize of €10,000.
Who can participate?
Students of all nationalities, who are currently enrolled in a PhD programme in economics or finance, are invited to participate. Applications from female candidates are particularly welcome.
Students currently employed by, or collaborating with, the ECB or a national central bank within the European System of Central Banks are not eligible to participate in the competition. Co-authors of eligible papers should either be students or have completed their PhD no more than five years ago.
How will the students be selected?
The ECB will assess the papers against the following two criteria: (i) innovative thinking and scientific merit, and (ii) European policy relevance.
Successful candidates will be notified and will receive further information about the Forum by early May 2020. The ECB will cover the selected students’ travel and accommodation expenses.
How to apply?
To enter the competition, please submit your application no later than 15 March 2020 via the submission form below. Please ensure you answer all questions and provide all of the specified documents in order for your submission to be considered valid.