Description
Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit http://www.worldbank.org
PRACTICE GROUP CONTEXT
The Equitable Growth, Finance, and Institutions Practice Group (EFI) is one of the World Bank Group’s four Practice Groups. EFI’s mandate is “Growth, Finance, and Institutions for all.” EFI is composed of four Global Practices (GPs), the Prospects Group, and CGAP:
1. The Macroeconomics, Trade and Investment (MTI) GP supports macroeconomic stability through sound fiscal frameworks and fiscal risk management and better institutions and capacity on debt management to improve the efficiency of public spending.
2. The Finance, Competitiveness, and Innovation (FCI) GP helps client countries to create an enabling environment in which financial stability, efficiency and firm-level solutions to crowd in the private sector, support the creation of markets, and accelerate equitable growth.
3. The Governance GP (GOV) assists countries to build capable, effective, accountable, transparent, and inclusive institutions that deliver citizen-centric services, facilitate private-sector growth, build trust in Government, and provide fiduciary support to all Bank operations.
4. The Poverty and Equity GP supports the design, implementation, and monitoring of the WBG and client countries’ policies and programs aimed at poverty reduction and shared prosperity.
5. The Prospects Group analyzes global economic and financial developments and their impact on emerging market and developing countries by the publication of the Global Economic Prospects report, the Commodity Markets Outlook, and Global Monthly.
6. CGAP is a global partnership of more than 30 leading development organizations to share knowledge and research about financial inclusion to advance the lives of poor people, protect their economic gains, and reach broader development goals.
UNIT CONTEXT
The EFI Chief Economist Office (EFICE) supports and works under the EFI Chief Economist, who directly reports to EFI VP. The Chief Economist is part of the EFI Front Office and a member of the EFI Leadership Team, working closely with the Director of Strategy and Operations (DSO) and Global Directors (GDs) of each of the GPs. The Chief Economist is the principal economic and policy adviser to the EFI VP regarding analytic and advisory services. The office guides strategic priorities and technical quality of economic analysis in EFI, bringing the best knowledge to bear on the development problems relevant to EFI.
THE EFI CLIMATE ECONOMICS TEAM
Each of EFI’s core topic areas is increasingly affected by climate change, requiring new strategies for maximizing economic development in a climate-compatible manner. The novelty of this challenge means that, both among economic policymakers in client countries as well as EFI units advising them, there is a need for frontier analytics, research and capacity building. This is why the EFI Chief Economist Office has created a central Climate Economics Team to support developing countries and World Bank economists with technical work on climate economics. The team focuses primarily on the role of Ministries of Finance in climate policy, but also considers impacts of climate change for Ministries of Economy and Trade, Central Banks and Financial Supervisory Institutions. The Climate Economics Team provides technical advice to country teams for advancing the technical frontier on climate economics in country reports as well as global knowledge products. The team is also involved in convening change, by hosting the Secretariat of the Coalition of Finance Ministers for Climate Action and supporting the World Bank’s contributions to the Network for Greening the Financial System.
MODELING CONTEXT
The EFI Climate Team is presently building a demand-driven, global macroeconomic model, MINDSET , to inform how climate change and climate change policy will impact on future socio-economic development. Based on a global MRIO, the model supports multi- or single-country policy scenario analyses, including cross-border impact analyses from third-party policies, like Carbon Border Adjustments. The model stands out in its very high sectoral and regional disaggregation. Model results include output and employment multipliers, as well as competitiveness effects and consumer price change estimates of climate and development policy mixes.
MINDSET has already been applied in numerous World Bank studies, including assessments of subsidies and taxes for energy GHG, coupled to changes in income and payroll taxes, or sectoral investment and spending measures.
In connection with sectoral techno-economic models, a future version of MINDSET will consider innovation and dynamic technological change in key sectors. Policy options in the model will be extended to cover regulatory as well as innovation-focused policies.
ROLES AND RESPONSIBILITIES
We are looking for a talented Extended Term Consultant (ETC) to help lead a) the further development of MINDSET, including code development, parametrization, model validation, testing, debugging etc., b) the linking of MINDSET to techno-economic models of key sectors, electricity, transport, heavy industries etc., and c) the piloting of the model in country engagements.
Examples of model development tasks will include improving the labor and trade responses, including the introduction of wages and global energy price dynamics, splitting electrical equipment and technology manufacturing sectors and their supply chains into low- and high-carbon (e.g. for EVs/ICEVs) based on trade and product-level data, estimating core model parameters, such as price elasticities, linking the main model with sectoral techno-economic models to capture dynamic technological diffusion and induced innovation in key sectors, and much more.
Piloting of the model in country engagements, often means modifying MINDSET to meet the case-specific requests of country teams in a short period of time. The ETC will need to be able to utilize her/his expertise in climate economics to cover a wide array of requests relating to climate change mitigation and adaptation policies. This includes both the modeling as well as the communication of results to country teams, helping them formulate respective policy advice.
Selection Criteria
A Ph.D. and a background in economics, quantitative or technical sciences, with considerable experience on climate and development is preferred. The required minimum is a master’s degree with 5 years of experience or an equivalent combination of education and experience.
The ETC must have substantial prior experience with macroeconomic modeling and be able to demonstrate systems thinking. They should be well connected in the academic modeling community, and, ideally, able to discuss and work with a wide spectrum of modeling techniques in the context of developing countries, and of climate policy scenarios in general.
Required Competencies
- Macroeconomic modeling – expertise in large-scale systems modelling (e.g. sectoral macro-structural, MRIO, or CGE models).
- Technical skills – coding in python, software management, version control, validation.
- Expertise in any or all of the following:
o data science,
o econometrics
o network analysis
o machine learning
Other Selection Criteria
- Organized and systematic
- Able to take initiative
- Able to write clearly and succinctly
- Proficient in manipulating and wrangling data, visualizing data and summarizing key insights
- Integrative analytic capacity, including the ability to situate sectoral issues within a broader economic development framework
- Experience working on and in developing countries and with ministries/policymakers is a strong plus
- Strong communications skills, including the ability to present complex analyses to non-specialist audiences
- Ability to work flexibly on a range of assignments and adjust to a variety of complex evolving tasks to meet tight deadlines
- Strong interpersonal skills and the capacity to work in teams across organizational boundaries within a multi-cultural environment
- Willingness to relocate to Washington DC is required. Exceptional circumstances can be considered.
How to Apply
[The position will be posted on the World Bank Compass website soon, and formal application will be required.]
In the meantime, if this opportunity sounds exciting to you and you feel you could be a good fit, please, send your CV, a relevant coding sample and, if you like, a cover letter to idorband@worldbank.org, subject line [Modeling Position].
If you have any questions, please, do not hesitate to reach out to the same email address.
World Bank Group Core Competencies
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.
Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.