Cleveland

America's industrial heartland. and more.

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Cleveland

Our research focuses on macroeconomic policy and forecasting, applied microeconomics, banking and finance, and regional conditions. We draw on this research to advise the Bank president on emerging policy issues within the Fourth District, across the nation, and around the world.

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Our Focus

Our research focuses on a broad range of regional and national topics important to monetary policy and the nation's economic well-being.

Influential Research and Policy Advice

The Cleveland Fed conducts research on a wide range of topics important to monetary policy, the financial services sector, and the payments system, and has a long history of research and innovation in the field of inflation. Research analysts play a key role by conducting research with economists and supporting the policy process, investigating topics such as:

  • Income and wealth inequality
  • Inflation dynamics
  • Financial crises
  • Wage growth and unemployment
  • Cryptocurrencies

Regional Expertise

The Cleveland Fed studies issues of concern to the economic prosperity of its region--Ohio, eastern Kentucky, western Pennsylvania, and the panhandle of West Virginia. The Regional Analysis Group and Community Development Department analyze data, gather insights from contacts throughout the region, and produce analyses of conditions and issues such as the following:

  • COVID-19
  • Small business access to credit
  • Underserved and lower-income individuals and communities
  • Workforce development, education, and access to jobs
  • Lead poisoning

Featured Research

“Affirmative Action and Racial Segregation”

Peter Hinrichs. The Journal of Law and Economics, 2020.

 

"Information and Inequality in the Time of a Pandemic"

Allan Dizioli, Roberto Pinheiro. Federal Reserve Bank of Cleveland Workpaper 20-25.

 

"Policy Language and Information Effects in the Early Days of Federal Reserve Forward Guidance"

Kurt G. Lunsford. American Economic Review, 2020.

 

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Begin Your Journey with Us

Our research analyst (RA) recruiting cycle typically runs from September through November. We accept applications, conduct interviews, and extend offers throughout the cycle. New RAs typically start in June or July of the following year. Applications for summer internships follow a similar schedule.

Prepare

Review minimum qualifications and requirements

  • Documents

    You'll need to supply the following when you apply:

    - Resume

    - Transcript

    - Writing sample (related to economics or finance)

    - Coding sample

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September
Apply

Submit your application and the required documents on our website

  • Be Patient

    During peak application periods it can take a few weeks to hear back from us.

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Interview

Be ready to schedule an appointment. All interviews are conducted over Zoom, a video conference tool.

  • Let's Chat

    Tell us about you and your unique perspectives.

  • Learn More

    Get more details about the nature of the position and what it’s like to work and live here in Cleveland.

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Accept

Offers are extended to fill intern and full-time positions

  • It's Official!

    Upon accepting an offer, you will receive your start date (typically in June or July).

  • Take a Deep Breath

    You made it! Relax and get ready to start.

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Start

Your first week will be spent onboarding and learning

  • Extensive Training

    Like learning? Our training program will give you access to the latest software and subscription services.

  • We're Family

    The culture here is as welcoming and supportive as it is dedicated and goal-oriented. Research analysts work as a team, socialize often, and work in close collaboration with the economists.

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Work

After your first week, you’ll feel ready to contribute

  • Congratulations!

    You will be assigned to support two or three economists, and they will be your mentors.

    You’ll provide in-depth analysis of data, assist in preparing briefing materials before each meeting of the Federal Open Market Committee, and have the opportunity to coauthor academic papers and Bank publications.

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Our research analysts typically work at the Bank for two or three years before moving on to graduate school or other opportunities. We accept applications, conduct interviews, and extend offers throughout the cycle.

Denotes full-time position