The Economic Research Department seeks talented individuals with strong backgrounds in economics, statistics, and mathematics for Research Associate (RA) positions. These are excellent positions for someone who is passionate about research and considering a Ph.D. in economics. As an RA, you can develop technical skills, such as programming and working in a High-Performance Computing (HPC) environment. In addition, you are exposed to a broad range of topics, such as monetary policy, labor economics, and international trade. At the Kansas City Fed, RAs are matched to economists based on interest and skill sets, which provides opportunities for RAs to work closely with Ph.D. economists and get invaluable research experience. Most RAs stay with the department for two to three years, at which point many return to graduate school or pursue other opportunities.
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Research Associate position available -- PDFBanking and Financial Markets
There are no intern openings at this time.
Meet our current Research Associates
I am a graduate of William Jewell College with bachelor’s degrees in economics and physics. At the Federal Reserve Bank of Kansas City, I have the opportunity to support Blake Marsh and Rajdeep Sengupta in their research and policy work. I have always been interested in quantitative problem solving and I have gained invaluable experience at the intersection of computer programming and economics at the Kansas City Fed. The most rewarding part of this job is applying and expanding this skillset through my research work, demonstrated through co-authored publications. For example, I worked on an Economic Review article that examined the contribution of local factors to the decline in bank branches. I am grateful for a collaborative work environment, where I am involved in impactful research and faced with a variety of interesting computational problems.
I joined the Federal Reserve Bank of Kansas City after graduating from Northeastern University with a BS in economics and political science and a minor in mathematics. At the Kansas City Fed, I have the honor of assisting Huixin Bi and Karlye Stedman in their research and policy work, focusing on the intersection between fiscal and monetary policy, international dimensions of monetary policy, and unconventional monetary policies. My current projects include evaluating the impact of COVID-19 on fiscal policy and municipal bond markets, modelling fiscal inertia, and exploring unconventional monetary tools, such as “helicopter” money. Through my role at the Bank, I am developing research skills and interests in a collaborative and high-impact environment that prepare me for the path ahead.
I began working as a research associate after graduating from the University of Kansas with BS degrees in mathematics and economics. In my position, I support Brent Bundick and Lee Smith in their research concerning monetary policy impacts on the economy, the influence of market expectations, and inflation. Through these experiences, I have developed as a researcher and a programmer, and have interacted directly with ideas and models that intersect with my own research interests. Moreover, I am exposed to a wide variety of research thanks to the seminar program, which has broadened my view of the field of economics in general and has shown me the real-world impact of economic policies in particular.
After receiving my BEcon in economics from Korea University and MS in statistics from the University of Chicago, I joined the Federal Reserve Bank of Kansas City. Working as a Research Associate has provided me the great opportunity to collaborate closely with economists. I have worked on various research and policy-oriented projects in the fields of macroeconomics and monetary policy with vice president George A. Kahn and senior economist Taeyoung Doh. A recent project uses natural language processing to provide a measure of how bond prices are affected by qualitative descriptions of economic conditions in FOMC statements. I am also working with senior economist Nida Çakir Melek on research projects pertaining to topics such as mobility trends during COVID-19 and energy forecasting. Moreover, I run and modify KC Fed GDP tracking model daily in order to correctly measure the current state of the economy. At the Kansas City Fed, I have been strengthening my economic intuition and programming skills simultaneously.
After I graduated from Carleton College in Northfield Minnesota with a BA in mathematics and economics, I was excited to join the research team at the Federal Reserve Bank of Kansas City. During my time here, I have worked with six economists but am currently working with José Mustre-del-Río and Andy Glover on various research projects. In addition to helping these economists with their research, I prepare policy materials, draft press releases for the Kansas City Fed’s LMCI, and give presentations on the economy and the Federal Reserve System to school and community groups. I really appreciate the variety of work in this job and the flexibility given to RAs to explore our interests.
I started working as a research associate at the Kansas City Fed after graduating from the University of Texas at Austin with an MA in economics. Here I support Jordan Rappaport and Amaze Lusompa in their research in urban economics and time series econometrics respectively. I enjoy being able to apply programming skills to work on exciting and important economic research projects. This role gives you the ability to better understand and develop your interests.
I joined the Federal Reserve Bank of Kansas City after receiving my BA in economics and mathematics and MA in economics from Boston University. Since joining the Kansas City Fed, I have had the honor to work with Didem Tüzemen on her research in labor markets and Alison Felix in her research and policy work in regional economics and public policy. This opportunity has allowed me to work with new datasets and improve my programming skills. I have really appreciated the exposure to a wide variety of research topics through the seminars and the chance to develop research skills in a supportive and collaborative environment.
I joined the Federal Reserve Bank of Kansas City after receiving my BS degree in mathematics from the University of Kansas. Since joining the Kansas City Fed, I have had the honor to work with Jason Brown and Nida Cakir Melek in their research. Currently, I am working on a project looking at the declining pass-through of food inflation to core inflation as well as projects on transitions occurring in the energy sector. Being an RA provides a great opportunity to develop research skills and interests both on the job and through the benefit of tuition reimbursement. The position is great for those who want to explore their research interests as there are opportunities to be involved in a variety of projects.
I joined the Kansas City Fed after graduating from Trinity University with BA degrees in economics, mathematics, and art history. At the bank I support Jun Nie and Cooper Howes with their research and policy work regarding international macroeconomics, differences in consumption patterns, and financial frictions. Working on these projects provides me with the chance to work with important datasets and assist in relative research. Additionally, through my collaborations with the economists I am able to strengthen my own knowledge and research capabilities, providing me with valuable skills that will prepare me for future plans. Furthermore, even during a remote work environment, the opportunity to attend presentations by the research staff has proven to be a great resource for further learning and exposure to economic ideas that allow me to explore and develop my own interests.
I joined the Federal Reserve Bank of Kansas City after receiving my BA degree in mathematics and economics from Boston College. As a research associate, I have the honor to support Rajdeep Sengupta and David Rodziewicz in their banking and energy research. Currently, I am working on a project looking at how competition has the potential to increase overall stability of the banking sector. At the Bank, I had the chance to work closely with empirical data, learn through various in-depth economics discussions, and develop my research skills along the way.
Frequently asked questions
What are some key responsibilities for an RA?
- Assisting Ph.D. economists on academic research projects and monetary policy briefings.
- Gathering and analyzing data, programming economic models, and preparing charts for presentations on economic and financial conditions.
- More experienced RAs participate in econometric and theoretical research, write for Bank publications and deliver speeches to civic and educational groups.
What qualifications are you looking for in an RA?
- Bachelor's or master's degree in economics or a closely related field, such as statistics, computer science, or mathematics.
- Coursework or experience in economics required.
- Coursework or experience in econometrics, mathematics and statistics highly desirable.
- Proficiency in programming languages and statistical software packages, such as Stata, Matlab, R or Python highly desirable.
- Strong academic record.
- Experience with research and data analysis is highly desirable.
What opportunities are there for career development and continued learning?
- Training in software, such as Stata, R, Matlab, Python and SQL
- Seminars by Kansas City Fed and visiting economists
- Working closely with Ph.D. economists
- Tuition reimbursement
How long do RAs usually stay at the Kansas City Fed?
The majority of RAs stay for two to three years as they find that amount of time sufficient to acquire the skills and knowledge to move on to Ph.D. programs or other opportunities. There are some opportunities for RAs to stay longer and continue to support important policy and research work in the Department or move on to other areas of the Kansas City Fed.
What are typical career paths pursued by RAs?
Recent graduate school placements:
Ph.D. programs in economics: Boston College, New York University, Stanford University, University of Michigan, University of Minnesota, University of Chicago, University of Wisconsin
Law school: Harvard University, University of Michigan
Master’s in business administration: Columbia University, University of Chicago, Carnegie Mellon University
Do I need to send an official transcript?
Unofficial transcripts are fine for the initial application but we may ask for an official transcript at some point in the process.
Are there opportunities for undergraduates?
Interested undergraduates can apply for summer internships to gain valuable research experience, and develop analytical and technical skills.
Are non-U.S. citizens eligible to apply?
Generally, non-U.S. citizens are eligible to apply if they are able to obtain the legal status to work in the U.S. for at least two years without sponsorship from the Bank. F-1 visa holders with STEM OPT extension are eligible to apply. Some RA positions may require U.S. citizenship, which will be clearly indicated on the job notice.
Whom can I contact for more information?
If there are additional questions about the RA position, please contact email@example.com.