I wanted to gain an insight into some real world applications of economics as well as practical experience – what better place is there to get that than the country’s central bank?
During my time at the bank I have been in the macro financial department. They’re responsible for assessing the soundness and efficiency of New Zealand’s financial system and the implementation of macro-prudential policy. I worked on two projects about open banking and a survey of international macro-prudential policy frameworks.
I’ve got to attend several workshops where I got to listen to presentations from PHD students, academics and central bankers from around the world on current research and developments in a wide range of interesting topics. The timing of the internship also meant there was a busy social calendar in the lead up to Christmas.
I’ve learned so much and met so many lovely people!
An internship at the Reserve Bank gives you an incredible opportunity to understand how the Reserve Bank operates. It is much more practical and I’d thoroughly recommend it to any aspiring economists.