The European Central Bank (ECB) is seeking applications from promising young researchers for up to five Lamfalussy Fellowships in 2019. 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 by, Agnese Leonello (ECB), Simone Manganelli (ECB), Lucrezia Reichlin (London Business School), Rafael Repullo (CEMFI) and Hélène Rey (London Business School).
Possible Research topics
Successful candidates will be asked to write a research paper over the course of 2019 on one of the following three topics:
(i) Completing European EMU:
- how the euro area functions as a common currency area
- improving productivity and long-term growth in Europe
- opportunities and challenges related to the banking union, the capital markets union or other EMU reforms
(ii) ECB monetary policy:
- conducting and implementing monetary policy in the euro area
- optimal size of the ECB’s balance sheet
- assessments of conventional and unconventional policies
(iii) Interactions between single monetary policy and prudential policies in the euro area:
- effects of prudential policies on the transmission of monetary policy
- effects of monetary policy on the financial system
- optimal coordination between monetary policy and prudential policies in the euro area
Lamfalussy Fellows are expected to present their papers at relevant conferences and, ultimately, to have them published in the ECB Working Papers series and in leading peer-reviewed journals.
Who can apply?
Applicants should be no more than 36 years old by the deadline for submission.
We particularly encourage PhD students whose research is at a very advanced stage and researchers at assistant professor level to apply.
Please note that none of the authors involved in the paper may be in an employment relationship with the ECB.
How do I apply?
Please submit your application in English and include:
- a cover letter
- your curriculum vitae
- two letters of recommendation
- a two-page research proposal falling under one of the topics mentioned above
- a statement indicating your current sources of funding and date of birth
Send your application by email to lamfalussy.fellowships@ecb.europa.eu before 24:00 CET on 31 January 2019.
To further enhance diversity, the ECB particularly encourages applications from female candidates. The selection committee aims to award five fellowships by April 2019.
