Vacancy for Principal Research Economist at African Development Bank (AfDB)
Employment Nigeria
08-Jul-2017
AFRICA ,
Banking and Finance
African Development Bank (AfDB) - the premier pan-African development institution, promoting economic growth and social progress across the continent.
POSITION : Principal Research Economist
DESCRIPTION
The Hiring Department
- The Macroeconomics Policy, Forecasting and Research Department is dedicated to the generation of high quality knowledge in the area of development in Africa.
- It provides technical support to operations and regional member countries through rigorous analytical work; engages in impactful policy dialogue with decision-making bodies within and outside of the Bank; and most importantly enhance the operational effectiveness of the Bank in achieving the High 5s.
- The activities of the department are structured around the Macroeconomic Policy, Debt Sustainability and Forecasting on one side, and the Microeconomics, Institutional and Development Impact on the other.
- The Macroeconomic Policy, Debt Sustainability and Forecasting Division is responsible for the following, inter alia:
- Conducting policy research and debt sustainability analysis in order to improve the Bank’s macroeconomic surveillance and understanding of sovereign debt risk profile and the policy tools regional member countries can deploy to contain debt distress;
- Conducting macroeconomic modelling and forecasting for the regional member countries
- Providing cutting edge analytical support to Senior Management through timely and rigorous economic intelligence work;
- Collaborating with partner institutions; research think tanks and universities, both within and outside Africa, in order to deepen analytical capacity and broaden the scope and outreach of the Bank’s research work and
- Leading the production and dissemination of all the Bank’s flagship publications and other knowledge products on Africa’s emerging macroeconomic and development issues and on the Bank’s High 5s priority areas.
The Position
- Responsible for developing and maintaining a suite of macroeconomic models for African countries individually and as a group.
- The models include but not limited to structural macro-econometric models Dynamic Stochastic General Equilibrium, Global Vector Autoregressive Analysis and other simpler Autoregressive Integrated Moving Average models. The Job holder will also conduct development policy analysis in the regional member countries.
Responsibilities
Under the supervision and guidance of Division Manager Macroeconomic Policy, Debt Sustainability and Forecasting, the Principal Research Economist will:
- Construct and manage structural macro-econometric models of African economies:
- Construct a suite of structural macro-econometric models, Dynamic Stochastic General Equilibrium, Global Vector Autoregressive Analysis and other simpler Autoregressive Integrated Moving Average models.
- Carry out simulations and forecasts based on the models developed and lead in the disseminating results and provide advice to the Bank’s senior management and regional member countries to strengthen policy dialogue.
- Plan, develop and implement research programs and projects. This involves:
- Undertake research in the areas of macroeconomics using established and proven quantitative techniques/methods.
- Contribute to the preparation of knowledge products such as African Economic Outlook ; African Development Report; Economic Frontier Research and Bank Policy Currents; books, reports, etc.
- Provide the Bank and regional member countries with comparative research analysis, socio-economic data and macroeconomic projections of the most widely used socio-economic parameters relating to Africa’s economies and Bank Group operations.
- Represent the Bank in international and regional conferences, seminars and workshops where such papers will be presented:
- Organize and participate in internal Research Seminars and/or International Conferences on Development Policy Issues.
- Contribute to the training and capacity development activities in the Bank and in regional member countries.
- Publish research output in the Bank’s working paper series and reputable peer reviewed journals.
Selection Criteria
- Ability to handle, process and analyze large data sets using packages such as Matlab, R, Eviews, the General Algebraic Modeling System.
- Ability to identify the appropriate methods and techniques to analyse and forecast macroeconomic trends resulting from policy and external shocks.
- Proven ability to lead and manage small team of researchers in specific projects and/or tasks;
- Capacity to initiate innovative research ideas and techniques in order to improve research policy making content of development research.
- Communicate and write effectively in French or English, with a good working knowledge of the other language.
- Competence in Microsoft Suites (Word, PowerPoint, Excel and Access) and SAP.
- Minimum of a Ph.D degree in Macroeconomics; Econometrics, Development Macroeconomics; Applied Statistics, or any related discipline.
- A minimum of six (6) years of relevant professional and research experience in multilateral or research institution in Africa or other low income countries. Having a private sector experience is an added value.
- Strong publications record in reputable peer review journals on general issues of development and on in macroeconomic modelling and forecasting in Africa or other low-income countries.
- Extensive knowledge of empirical regularities of different macroeconomic theories.
- Ability to construct large macroeconomic models using sophisticated econometric techniques.
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