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Research Associate / PhD Student / PostDoc in International Monetary Economics

Project 2638 · TUD Dresden University of Technology Faculty of Business and Economics, Chair of Economics, esp. International Monetary Economics · TUD Dresden University of Technology Faculty of Business and Economics, Chair of Economics, esp. International Monetary Economics

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Country or region
Germany
Application deadline
2026-12-16 (confirm the exact time with the source)
Funding
Paid research employment at salary group TV-L E13 for 65% of full-time weekly hours, initially for three years with an option to extend; this is not a scholarship. The notice does not specify the starting salary step or the conditions for any extension.

The research opportunity

Back to OverviewNextResearch Associate / PhD Student (m/f/x) Full PhDWorking LanguageGerman, EnglishLocationDresdenApplication Deadline16. Dec 2026Starting Date01. Mar 2027OverviewDescriptionRequired DocumentsApplication OverviewOpen Positions1 Time Span01. Mar 2027 for 3 years Application Deadline16. Dec 2026 Financingyes Type of PositionFull PhDWorking LanguageGermanEnglishRequired DegreeDiplomMasterAreas of studyEconomics, Economic Sciences, Economics DescriptionDescriptionTUD Dresden University of Technology, as a University of Excellence, is one of the leading and most dynamic research institutions in the country. For TUD diversity is an essential feature and a quality criterion of an excellent university. Accordingly, we welcome all applicants who would like to commit themselves, their achievements and productivity to the success of the whole institution.At the Faculty of Business and Economics, the Chair of Economics, esp. International Monetary Economics offers a position as Research Associate / PhD Student (m/f/x)(subject to personal qualification, employees are remunerated according to salary group E 13 TV-L)starting March 1, 2027. The position entails 65% of the full-time weekly hours and is limited to three years with the option of extension. The period of employment is governed by the Fixed Term Research Contracts Act (Wissenschaftszeitvertragsgesetz - WissZeitVG). The position aims at obtaining further academic qualification (usually PhD).Tasks: You will conduct research on issues in the field of international monetary economics—particularly financial stability, political risk, monetary policy, exchange rates, and international financial markets—and write research papers on these topics. Writing a cumulative dissertation will be a central part of your responsibilities. In addition, you will teach courses, supervise theses, and participate in academic self-governance.Requirements: above-average university degree (Diplom or Master’s) in economics (or a related field)very strong knowledge of quantitative methods as well as experience with standard statistical software You are interested in researching topics in the field of international monetary economics and would like to pursue a Ph.D. in this area. excellent analytical skills, a high degree of initiativevery good command of German and EnglishWe offer: the opportunity for engaging and independent work within a flat hierarchy, in an open-minded team and supportive atmosphereflexible arrangements for work hours to support a good work-life balance30 days of vacation per year (based on a 5-day workweek)extensive opportunities for professional development and continuing educationhealth care and sports programs offered by TUDa discounted job ticket (also available as a Deutschlandticket)participation in the supplementary pension scheme for employees in the public sector via VBL (Federal and State Government Employees Retirement Fund)TUD strives to employ more women in academia and research. We therefore expressly encourage women to apply. The university is a family-friendly university. We welcome applications from candidates with disabilities. If multiple candidates prove to be equally qualified, those with disabilities or with equivalent status pursuant to the German Social Code IX (SGB IX) will receive priority for employment.Application: Please submit your detailed application with the usual documents by December 16, 2026 (stamped arrival date of the university central mail service or the time stamp on the email server of TUD applies), preferably via the TUD SecureMail Portal https://securemail.tu-dresden.de by sending it as a single pdf file to stefan.eichler at tu-dresden.de or to:TU Dresden, Chair of Economics, esp. International Monetary Economics,Prof. Dr. Stefan Eichler, Helmholtzstr. 10, 01069 Dresden.Please submit copies only, as your application will not be returned to you. Expenses incurred in attending interviews cannot be reimbursed.TUD is a founding partner in the DRESDEN-concept alliance.Reference to data protection: Your data protection rights, the purpose for which your data will be processed, as well as further information about data protection is available to you on the website:https://tu-dresden.de/tu-dresden/arbeiten-an-der-tud/stellenangebote/Datenschutzhinweis?set_language=en Required DocumentsRequired DocumentsMotivation letterCVCertificates ApplicationApplication https://tu-dresden.de/stellenausschreibung/13058https://tu-dresden.de/bu/wirtschaft/vwl/ime?set_language=enContactTUD Dresden University of TechnologyFaculty of Business and Economics, Chair of Economics, esp. International Monetary EconomicsProf. Dr. Stefan EichlerAddressStreetHelmholtzstr. 10Zipcode01069CityDresdenContact detailsE-Mail:stefan.eichler at tu-dresden.deWeb:https://tu-dresden.de/bu/wirtschaft/vwl/ime?set_language=en

Research and application brief

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Research Associate / PhD Student / PostDoc in International Monetary Economics

Research status checked: 5 November 2026 (Asia/Shanghai).

Quick Decision

Strong but verify fit. TU Dresden’s International Monetary Economics chair is advertising one paid, 65%-time E13 TV-L research position, planned to start on 1 March 2027 for three years with an extension option. The official vacancy remains listed as open, with a 16 December 2026 deadline. It is a credible route into a cumulative PhD, but it is an employment post rather than a scholarship and it does not itself secure doctoral admission. The strongest filters are an above-average economics or related master’s/Diplom, very strong quantitative preparation, standard statistical-software experience, and explicitly very good German and English. The topic and the split between research, teaching and supervision are not fixed in the advert. Before investing in an application, confirm the German requirement in practice, the intended doctoral supervisor and registration plan, and how the 65% appointment is allocated. (Official vacancy, ID 13058; current TUD vacancies)

Research Problem and Doctoral Work

What Is Unsolved and Why It Matters

The chair’s advertised area covers financial stability, political risk, monetary policy, exchange rates and international financial markets. These questions matter because sovereign borrowing, currency movements, international portfolio flows and changes in monetary conditions transmit risk across borders. Recent policy work from the Bank for International Settlements and the International Monetary Fund highlights links among global financial conditions, non-bank institutions, foreign-exchange markets and sovereign risk. That context makes empirical work on international monetary transmission timely; it does not define this specific hire’s thesis question. (BIS Annual Economic Report 2025; IMF Global Financial Stability Report series; IMF analysis of foreign-exchange-market risks)

Work, Methods, and Potential Outputs

The successful candidate is expected to conduct research and write papers in international monetary economics, with a cumulative dissertation as a central responsibility. The post also includes teaching courses, supervising theses and participating in academic self-governance. The advert names broad themes rather than a prescribed project, dataset or method. Recent chair work suggests plausible empirical directions: high-frequency exchange-rate responses to political news; sovereign bond and default-risk analysis; or bilateral portfolio-flow and institutional data. These are examples inferred from the group’s publications, not promised work packages. A viable plan will need to fit the three-year initial contract, teaching duties and faculty doctoral requirements. The advert does not identify the software stack, data licenses, target journals or a paper-by-paper timeline. (Official vacancy; chair research profile)

School, Programme and Field Context

TUD Dresden University of Technology is the employing institution. The chair belongs to the Faculty of Business and Economics, which hosts the relevant economics unit. TUD describes itself as a large research university and renewed its University of Excellence status in 2026. In the 2027 editions, THE ranks TUD 168th overall and QS ranks it 185th overall. Both are university-wide signals, not economics subject rankings; a current subject-specific economics rank was not established in this review. The faculty, not the job ad alone, administers doctoral admission and awards the Dr. rer. pol. degree. (TUD structure; TUD facts and figures; TUD Excellence Strategy; THE World University Rankings 2027; QS World University Rankings 2027; faculty economics)

Doctoral acceptance is a separate faculty process under the 2018 regulations. Candidates need a qualifying degree, faculty committee acceptance and agreement from an eligible faculty supervisor. The economics doctorate also has coursework and colloquium requirements; enrolment in the doctoral programme is voluntary. The cumulative format generally requires several related papers, so ask how the chair coordinates required coursework, the three-year employment period, dissertation milestones and any extension. A job appointment should not be treated as automatic faculty admission or a guaranteed degree. (Faculty doctoral regulations and admission process; PromO 2018; economics doctoral coursework; doctoral courses and CGDE; TUD Graduate Academy)

Supervisor and Lab Assessment

Supervisor Research Directions

Prof. Stefan Eichler leads the chair. His research covers exchange-rate returns, political and institutional risk, sovereign debt, portfolio investment and monetary economics. The current team page lists two research assistants, the professor, an honorary professor who leads the Bundesbank’s International Financial System division, and external fellows or doctoral researchers. This provides relevant research and policy context, but does not establish that the new hire will receive Bundesbank data, co-supervision or a particular placement route. The chair’s page and university research information system provide a useful view of its current academic profile. (Chair profile; current chair team; Prof. Eichler profile; Eichler CV, April 2026; chair publication record)

Recent Important Publications

  • De Boer and Eichler (2026), “Protectionist U.S. trade policies and the cross-section of emerging market currency returns.” Using intraday FX observations and changes in US-election probabilities around presidential debates from 1996–2016, the paper finds stronger depreciation for emerging-market currencies more exposed to US exports. Market segmentation, financial links and policy buffers help explain differences. This is directly relevant to the chair’s political-risk and currency-return agenda; the historical debate setting should not be assumed to capture today’s tariff shocks. (Emerging Markets Review paper)
  • Eichler and Nauerth (2025), “Bilateral investment treaties and sovereign default risk: Evidence for emerging markets.” Across 29 emerging markets in 1996–2016, treaty protections do not have one uniform effect; investor protection is associated with lower bond returns in higher expropriation-risk settings. It illustrates a conditional institutional-risk design rather than a simple average treatment story. (International Journal of Finance & Economics paper)
  • De Boer, Eichler and Rövekamp (2024), “Protectionism, bilateral integration, and the cross section of exchange rate returns in US presidential debates.” The study uses intraday currencies and presidential-debate events to examine how bilateral trade exposure relates to exchange-rate responses. It connects political expectations and currency-market pricing, while relying on a particular historical event design. (Journal of International Money and Finance paper)
  • Eichler and co-authors (2024), “Bilateral investment treaties and portfolio investment.” The paper uses bilateral portfolio holdings and a large country-pair panel to study how treaty arrangements relate to cross-border investment. It signals a second data-intensive branch of the chair’s agenda beyond exchange rates. (TUD repository paper)
  • Eichler and Pyun (2022), “Ricardian equivalence, foreign debt and sovereign default risk.” Using a panel of 80 economies from 1989–2018, the study reports that private saving responses depend nonlinearly on sovereign solvency and external debt. It provides a macro-fiscal complement to the group’s market-pricing papers. (Journal of Economic Behavior & Organization paper)

Taken together, these papers show an empirical programme that combines international data, event variation and cross-country heterogeneity. They are useful evidence for applicants to read before interviewing, but do not tell us which question a new doctoral researcher will own. (TUD research information system; doctoral record example)

Lab, Resources, and Collaboration Environment

This is an economics chair rather than a laboratory post. Its practical “resources” are the supervisor’s research network, econometric and statistical infrastructure, access to international macro-financial data and faculty doctoral training. The listed team is relatively compact, while honorary and external contributors provide possible connections. No dedicated project budget, data subscription, co-supervisor or shared doctoral cohort is identified in the vacancy. Ask which data are licensed or publicly available, how research assistance is organized and whether the advertised post has a defined co-supervision arrangement. (Chair team; TUD research record; doctoral training)

Funding, Application, and Living Cost

The post is salary employment, not a stipend: E13 TV-L, 65% of full-time hours, initially three years, with an option to extend. The applicable salary table beginning 1 March 2027 lists E13 full-time monthly gross pay from €4,854.56 to €6,899.98 across steps 1–6. At 65%, that is approximately €3,155–€4,485 gross per month, before deductions. The actual starting step depends on recognized experience and is not specified; net pay cannot be inferred without tax and insurance details. The offer includes 30 days of annual leave, VBL supplementary pension, professional development and health/sport programmes, and a discounted job ticket. (2027 TV-L salary table; TV-L agreement and tables; official vacancy benefits)

There is no general tuition fee in Saxony. Doctoral enrolment is optional; if enrolled, the semester contribution for winter semester 2026/27 is €361. Student cost information is only a rough benchmark for an employee: Dresden’s Studentenwerk reported a €311 average dorm rent, a €400 median WG-room rent on the private market and 3,000 applications for 1,555 available dorm places for winter 2026/27. A local university budget estimates €920–€1,050 a month for students, not salaried staff. Employees should budget with actual net pay, private-market rent, deposits and relocation costs; access to student dorms is not assured. (TUD semester contribution; TUD re-registration fees; Studentenwerk housing update, October 2026; sample dorm rents; Dresden student budget estimate)

Submit by 16 December 2026. The university’s central-mail arrival date or the timestamp on the TUD email server controls; the vacancy gives no specific clock time or time zone. The preferred route is the TUD SecureMail portal, sending one PDF to Prof. Stefan Eichler, or postal delivery to the chair. The page requests the usual detailed application documents; the listing identifies a motivation letter, CV and certificates. Use copies only. Interview travel is not reimbursed. (Official vacancy and application instructions)

For international applicants, the advert states no nationality restriction, but the German requirement remains. Residence/visa rules depend on nationality and circumstances. TUD’s Welcome Center supports international researchers, and federal guidance describes the research residence route; neither source guarantees an individual permit. (TUD Welcome Center; Federal research visa guidance)

Applicant Fit and Preparation

Required Background and Skills

The vacancy requires an above-average Master’s/Diplom in economics or a related field, very strong quantitative-methods knowledge, experience with standard statistical software, excellent analytical skills, initiative, interest in international monetary economics and intent to pursue a PhD. It also requires a very good command of German and English. No language level, certificate or exception is specified. (Official requirements)

Preferred Experience and Suggested Preparation

The advert does not separately identify preferred experience. As preparation, document graduate econometrics, coding/statistical workflows and ownership of an empirical research project, ideally through a thesis or writing sample. Read one or two recent chair papers and be ready to explain a feasible question, data source and identification risk without assuming that the chair has assigned that topic. If your degree is from outside Germany, check the faculty’s foreign-degree equivalence process early. (Faculty equivalence and doctoral admission; doctoral coursework)

The German Federal Employment Agency’s 2025 report suggests the narrow economist occupation in Germany is relatively small and competitive: its 2024 data cover about 8,000 employees subject to social insurance and about 800 registered jobseekers, with fewer than 300 explicitly advertised economist vacancies in the stated scope. This classification misses many roles that use economics skills. Quantitative programming, policy analysis, writing and bilingual communication can transfer across central banks, financial institutions, public agencies, consulting, international organizations and research. These are possible sectors, not placement outcomes for this chair. (Federal Employment Agency economics labour-market report; ECB research careers)

Next Actions and Questions to Verify

Before Applying

  • Recheck that vacancy ID 13058 remains active and submit well before 16 December; use one PDF and preserve proof of the email-server timestamp.
  • Ask what “very good German” means in practice, whether it is used in teaching and administration, and whether any formal proof is expected.
  • Confirm whether foreign degree equivalence can be reviewed before appointment and whether the chair expects additional documents beyond the motivation letter, CV and certificates.

At Interview

  • How will the 65% appointment divide time among personal research, teaching, thesis supervision and service?
  • What question, dataset and paper sequence are envisioned? Which empirical methods and software are currently used?
  • Who will supervise the dissertation, how often will meetings occur, and is co-supervision or coauthorship planned?
  • How will doctoral coursework, faculty admission and the cumulative thesis fit into the initial three years?

Before Accepting an Offer

  • Which E13 step will be used, how will prior experience be recognized, and what conditions govern a contract extension?
  • Is faculty doctoral acceptance already agreed, and what milestones or course requirements apply before the degree can be completed?
  • What are the expected teaching language and workload, likely net salary under your circumstances, housing options for staff and any relocation support?
  • If relevant, what residence permit or employment documentation will be needed before the 1 March 2027 start?

Evidence and Sources

Vacancy and application

University, economics and doctoral training

Chair, supervisor and publications

Field, pay, costs and careers

Sources

The listing may come from a university or recruitment platform. Check the notice and official sources in the report for current application requirements. View the recruitment source

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