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PhD Cooperation Program


The Magyar Nemzeti Bank (the central bank of Hungary) is soliciting applications for its 2021 PhD cooperation program for researchers with a recently obtained PhD-degree, advanced PhD-students, and ESCB researchers.

During their stay, Participants would conduct research on a specific topic in collaboration with the researchers and analysts of MNB. The Program also provides an opportunity for Participants to interact and exchange ideas with MNB staff economists. Proposed projects, theoretical or empirical, should be of interest to MNB. Preference is given to topics that are related to the current activities of the Bank or monetary policy in general.

Research papers are invited to be published in the MNB Working Paper series. Furthermore, MNB encourages and supports the submission of papers to refereed journals.

Successful academic applicants will receive a compensation package during their time at MNB, while ESCB researchers (under the existing exchange arrangement) are expected to be financed by their home institutions.

The typical tenure is 2-3 months.


The application material, either in English or in Hungarian, should contain the following elements:

  1. Curriculum vitae with photo;
  2. 1-2 page proposal, which describes the chosen topic, including motivation and previous work in the area;
  3. 1 recommendation letter (optional).

We accept applications throughout the year. Decision notifications will be sent within 2 months after the receipt of the application package. Acceptance might depend on the availability of funds.

Applications should be emailed to (with PhD Cooperation Program 2021 in the subject line).

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