Lamfalussy Research Fellowship
Call for projects
The European Central Bank (ECB) is seeking applications from promising young researchers for up to five Lamfalussy Fellowships in 2022. The Lamfalussy Fellowship programme was launched in 2003 and aims to promote high-quality research on the structure, integration and performance of the European financial system. The programme is named after the late Baron Alexandre Lamfalussy, the first President of the European Monetary Institute. Each fellowship is endowed with an honorarium of €10,000. The selection committee will be composed of Lena Boneva (ECB), Agnese Leonello (ECB), Simone Manganelli (ECB), Loriana Pelizzon (Goethe University Frankfurt), Morten Ravn (University College London), and Xavier Vives (IESE Business School).
Research projects
Successful candidates will be required to write a research paper over the course of 2022 in one of the following areas.
(i) Price and financial stability in the euro area:
-
- interactions between and possible coordination of monetary, micro- and macro-prudential policies;
- financial stability implications of monetary and fiscal policy relief measures introduced during the coronavirus (COVID-19) pandemic, with a particular emphasis on risk-taking incentives, corporate leverage and non-performing loans;
- the role of non-bank financial intermediaries for the transmission of ECB monetary policy and its financial stability implications.
(ii) Digital euro design and possible adoption:
- challenges and opportunities for the conduct and transmission of monetary policy;
- complementarity/substitutability with bank deposits and implications for the stability and efficiency of financial intermediaries.
(iii) Green finance, climate policies and the ECB:
- European financial markets, prospects of fostering green innovation and the transition to a low-carbon economy;
- implications and challenges for monetary policy stemming from the adoption of green policies.
Lamfalussy Fellows are expected to present their papers at relevant ECB conferences and, ultimately, to have them published in the ECB Working Paper Series and in leading peer‑reviewed journals.
Candidate profile
Candidates should hold a position in a research institution. Researchers at the assistant professor level and PhD students whose research is at a very advanced stage are particularly encouraged to apply. None of the authors involved in the paper should be more than 36 years old by the deadline for submission, in an employment relationship with the ECB or be eligible for an ESCB/IO contract.[1]
Applications
Applications should be submitted in English and include the following:
- a cover letter;
- a curriculum vitae;
- two letters of recommendation;
- a two-page research proposal falling under one of the topics mentioned above;
- a statement indicating the candidate’s current sources of funding and date of birth.
Applications should be sent by email to lamfalussy.fellowships@ecb.europa.eu no later than 31 January 2022 (before 24:00 CET). To further enhance diversity, the ECB particularly encourages applications from female candidates. The selection committee aims to award five fellowships by April 2022.
