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.
Interested in joining the Kansas City Fed as an RA?
Research Associate positions available:
- External LinkBanking 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 Padma Sharma 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 completing my BA at Swarthmore College in economics and minors in classical studies and statistics. At the bank, I have had the privilege of working with and learning from senior economists External LinkJordan Rappaport in his work in urban economics and External LinkNida Çakır Melek in her work in energy economics. My work for both economists has made me a more confident researcher while allowing me to apply the economic theory I learned in college. Being a research associate gives me the opportunity to continue to grow my economic intuition and work on policy relevant projects. The Federal Reserve provides a collaborative environment between RAs and economists while introducing the RAs to new and diverse research through weekly seminars.
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 External LinkHuixin Bi and External LinkKarlye Stedman in their research and policy work, focusing on fiscal policy, international dimensions of monetary policy, and unconventional monetary policies. My projects include evaluating fiscal relief during the COVID-19 pandemic and assessing the impact of unconventional monetary policies. I also serve as a liaison to the Bank’s Employee Diversity Committee for the Economic Research department. Through my roles at the Bank, I am developing research skills and interests in a collaborative and high-impact environment that prepare me to contribute to the advancement of the economics profession.
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 with a great opportunity to collaborate closely with economists. I have been working with External LinkNida Çakır Melek and External LinkTaeyoung Doh on several research projects in the fields of finance, monetary policy, macroeconomics, and energy economics. A recent project provides a thorough investigation of the empirical performance of financial and physical oil market predictability. We consider a wide range of predictors including macroeconomic and financial indicators, as well as a set of new natural language processing (NLP) measures. Moreover, I am in charge of the KC Fed GDP tracking model which measures 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 with a BA in mathematics and economics, I was excited to join the research team at the Federal Reserve Bank of Kansas City. I 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 External LinkJohannes Matschke and External LinkAmaze Lusompa in their research in financial regulatory policy 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 External LinkDidem Tüzemen on her research in labor markets, External LinkAlison Felix on her research and policy work in regional economics, and External LinkElior Cohen on his research in public economics. 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 External LinkJason Brown and External LinkFrancisco Scott in their research. Currently, I am working on projects looking at the changes in trends in migration among urban areas in the United States 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 and a minor in medieval and renaissance studies. 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 relevant 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.
Research Associates' names are in bold.
Economic Review articles
- Howes, Cooper, Alice von Ende Becker. 2022. "Monetary Policy and Intangible Investment." Vol. 107, no. 2
- Brown, Jason, Colton Tousey. 2021. "How the Pandemic Influenced Trends in Domestic Migration across U.S. Urban Areas." Fourth Quarter 2021.
- Nie, Jun, Alice von Ende-Becker, and Shu-Kuei X. Yang. 2021. "How Did the 2018–19 U.S. Tariff Hikes Influence Household Spending?" Fourth Quarter 2021.
- Bi, Huixin, and Chaitri Gulati. 2021. “External LinkFiscal Relief during the COVID-19 Pandemic.” Third Quarter 2021.
- Doh, Taeyoung, Sungil Kim, and Shu-Kuei X. Yang. 2021. “External LinkHow You Say It Matters: Text Analysis of FOMC Statements Using Natural Language Processing.” First Quarter 2021.
- Dice, Jacob, and David Rodziewicz. 2020. “External LinkDrought Risk to the Agriculture Sector.” Fourth Quarter 2020.
- Brown, Jason, and Colton Tousey. 2020. “External LinkPopulation Turnover and the Growth of Urban Areas.” First Quarter 2020.
- Dice, Jacob, and Rajdeep Sengupta. 2019. “External LinkDid Local Factors Contribute to the Decline in Bank Branches?” Third Quarter 2019.
- Mustre-del-Río, José, and Emily Pollard. 2019. “External LinkWhat Explains Lifetime Earnings Differences Across Individuals?” First Quarter 2019.
- Bundick, Brent, and Emily Pollard. 2019. “External LinkThe Rise and Fall of College Tuition Inflation.” First Quarter 2019.
Research Working Papers
- Ilin, Elias, Samantha Shampine and Ellie Terry. 2021 "Does Access to Free Pre-Kindergarten Increase Maternal Labor Supply?" RWP 21-11.
- Brown, Jason, and Colton Tousey. 2020. “External LinkDeath of Coal and Breath of Life: The Effect of Power Plant Closure on Local Air Quality.” RWP 20-15.
- Amante, Christopher J., Jacob Dice, David Rodziewicz, and Eugene Wahl. 2020. “External LinkHousing Market Value Impairment from Future Sea-level Rise Inundation.” RWP 20-05.
- Brown, Jason, and Colton Tousey. 2019. “External LinkRising Market Concentration and the Decline of Food Price Shock Pass-Through to Core Inflation.” RWP 19-02.
- Cohen, Elior, and Samantha Shampine. 2022. "Immigration Shortfall May Be a Headwind for Labor Supply." May 2022
- Sharma, Padma, and Jacob Dice. 2022. "Dampened Demand for Bank Loans Reflects Supply Bottlenecks, Not a Weakness in the Recovery." April 2022.
- Matschke, Johannes, and Sai A. Sattiraju. 2021. "Labor Markets Are Tight, but Conditions Vary across States." December 2021.
- Glover, Andrew, José Mustre-del-Río, and Emily Pollard. 2021. " KC Fed LMCI Suggests that Recent Inflation Is Not Due to the Tight Labor Market." October 2021.
- Glover, Andrew, José Mustre-del-Río, and Emily Pollard. 2021. "KC Fed LMCI Implies the Labor Market Is Closer to a Full Recovery than the Unemployment Rate Alone Suggests." October 2021.
- Dilts Stedman, Karlye, and Chaitri Gulati. 2021. “When Normalizing Monetary Policy, the Order of Operations Matters.” October 2021.
- Cakir Melek, Nida, and Sungil Kim. 2021. “External LinkCell Phone Data Suggest Persistent Differences in Work from Home by Income, Race, and Education during the Pandemic.” March 2021.
- Felix, Alison, and Samantha Shampine. 2021. “External LinkConsumer Spending Declines, Shifts in Response to the Pandemic.” February 2021.
- Bi, Huixin, Jacob Dice, Chaitri Gulati, and W. Blake Marsh. 2020. “External LinkUnderstanding the Recent Rise in Municipal Bond Yields.” May 2020.
- Glover, Andrew, and Emily Pollard. 2020. “External LinkInflation Expectations Limit the Power of Negative Interest Rates.” March 2020.
- Mustre-del-Río, José, and Emily Pollard. 2019. “External LinkAs Manufacturing Weakens, Consumers Pull Back.” November 2019.
- Brown, Jason, David Rodziewicz, and Colton Tousey. 2019. “External LinkDrilling Productivity in the United States: What Lies Beneath.” May 2019.
- Brown, Jason, and Colton Tousey. 2018. “External LinkAuto Loan Delinquency Rates Are Rising, but Mostly among Subprime Borrowers.” August 2018.
- Mustre-del-Río, José, and Emily Pollard. 2018. “External LinkNominal Wage Rigidities and the Future Path of Wage Growth.” May 2018.
- Bundick, Brent, Trenton Herriford, Emily Pollard, and Andrew Lee Smith. 2017. “External LinkDoes the Recent Decline in Household Longer-Term Inflation Expectations Signal a Loss of Confidence in the FOMC?” June 2017.
- Pollard, Emily. 2019. “External LinkA New Approach to Industry and Occupation Recoding in the CPS.” TB 19-02.
- Tousey, Colton. 2019. “External LinkFederal Reserve District County Shapefiles.” TB 19-01.
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, Columbia University
Law school: Harvard University, University of Michigan, University of Pennsylvania
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.