The European Central Bank offers practical traineeships within the Prices and Costs Division. As a trainee, you will be part of the Prices and Costs Division at the Directorate General Economics.
The Prices and Costs Division monitors, analyses and assesses inflationary pressures in the euro area. The Division provides input to policy processes and external communication on the inflation outlook and potential risks, including those derived from cyclical and structural analysis, the external and domestic environments, wage and profit developments, and projected expectations. The Division works closely with other business areas across the ECB and the broader Eurosystem.
WHERE: Frankfurt am Main, Germany
WHEN: 6 months with the possibility of extension up to a total of 12 months, start dates in spring and summer 2026 and January 1, 2027
GRANT: monthly scholarship of €1,170 plus accommodation allowance
APPLICATION: until January 5, 2026 HERE
Internship description:
- process, consolidate and transform datasets, maintain and develop databases and visualisation tools (including interactive dashboards), and use microdata to monitor inflation and real economic developments
- contribute to the Division’s regular internal and external products (including the Economic Bulletin and macroeconomic projections), for instance by preparing tables and charts for reports, spreadsheets or PowerPoint presentations, in collaboration with other business areas
- support policy decision-making by conducting empirical analyses using data analysis and statistical and econometric tools, particularly MATLAB, Stata and R
- contribute to enhancing and expanding analytical, econometric and forecasting tools
- support micro-level analysis of wage and price inflation, for example, by contributing to the ECB’s wage tracker, by assessing micro-level developments in wage dynamics and consumer prices (including expectations) and/or helping to analyse price-setting, working with large datasets based on different sources (including from web scraping and large text corpora)
Essential qualifications, experience and skills:
- a bachelor’s degree or higher in economics, econometrics, mathematics, statistics, data science or another relevant field;
- practical experience of working with complex datasets, preparing charts and tables for reports and presentations, and ensuring data quality
- a good knowledge of multiple statistical and econometric analyses using programming languages such as MATLAB, R, Python, or Julia or statistical and econometric software such as Stata
- a good knowledge of the MS Office package
- an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the Common European Framework of Reference for Languages.