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ESRC CASE Studentship PhD in Monetary Policy Economics


About This PhD Project

Project Description

This is an unmissable opportunity to study for a PhD at the University of Liverpool Management School in collaboration with the Bank of England. We are seeking applications from prospective PhD candidates with an outstanding academic achievement and research potential for an Economic and Social Research Council (ESRC) CASE Studentship Award, beginning in the 2020/21 academic year. The ESRC studentship provides full fees (only at Home/EU rate), a regular stipend of £15,009 a year with an Advanced Quantitative Methods (AQM) enhanced stipend of £3,000 per year during the PhD. Full details of the ESRC award are here. Full details of the AQM enhanced stipend are here.

The student will work on a defined project. This is a collaborative project between Prof Oliver de Groot at the University of Liverpool and Dr Andrew Blake, Senior Advisor at the Bank of England’s Centre for Central Banking Studies, London. We have secured funding for this collaborative research to address a particular issue: ‘monetary policy in a low (or negative) interest rates environment with a focus on bank heterogeneity: theory and evidence’. The successful candidate will focus upon contributing to this much-needed area of research.


Funding route available
1+3 Programme
Funding is for 1+3 programme (one-year Masters precedes the three-year PhD), depending on the background of the successful applicant.

All applicants should have an appropriate first degree of class 2:1 or above (international qualifications will be evaluated in line with the National Recognition Information Centre (NARIC) guidelines). We are especially seeking applicants with strong quantitative skills: programming, statistics, and/or mathematics. An economics background is desirable but not essential. For +3 studentships, applicants should have an appropriate Master’s degree earned with merit or above and should be able to demonstrate training in quantitative research methods.

How to Apply
Applicants must complete all sections of the University Postgraduate Study Application Form. Applications to be made via the University of Liverpool Apply Online, system, selecting programme of study Economics. In the Finance section select funding source Sponsor and insert PHD-BLPRULMS-deGroot-Case Studentship Award-2020 in the box below. Also include this as the first line of your Personal Statement.

Alongside the completed application form and Personal Statement, applicants should submit the following supporting documents:
Cover letter
Curriculum Vitae (CV)
Two reference letters, signed and on letter headed paper

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