Team: Central Banking Analytics
University: Victoria University of Wellington
Studying: Bachelor of Commerce majoring in Commercial Law, Economics and Finance
The Reserve Bank interested me as a place to work as I saw it as a great opportunity to apply what I have learned at university at a place recognised for their work and research on Economics across New Zealand and even the World. I had always heard about the major role that the Reserve Bank played in New Zealand’s economy throughout my studies and actually having the ability to be involved in that work was amazing.
I am an intern in the Central Banking Analytics team in the Economics department. In my role I have worked on backdating the New Zealand Activity Index (NZAC), which is a new economic indicator developed by the Reserve Bank, Stats NZ and the Treasury during the COVID-19 pandemic.
This involved sourcing and transforming a variety of data series’, analysing and comparing data, modifying and writing scripts in R, analysing and drawing conclusions based on the results, and summarising and presenting all of this work to my team. I found it to be a very enjoyable project which suited my skills and interests and gave me an insight into what carrying out a project from start to finish is like at the Reserve Bank.
There is never a shortage of extra things to do at the Reserve Bank. I have been to many presentations by work colleagues presenting their work to the team, sat in on important meetings and of course attended several of the Christmas parties held at the end of the year.
It has finally made me sure of what place I want to work at and the kind of work that I enjoy and want to be doing. Before starting this internship I was still very uncertain of what I wanted to do after finishing my undergrad at university. However, I am now sure that I want to pursue an Honours Degree in Economics and hopefully graduate into a position at the Reserve Bank.
I would recommend this internship to anyone with an interest in Economics or Finance. This is a great opportunity to see all of the different work that goes into making policy decisions, to gain a deeper insight into New Zealand’s economy and to see how one of the biggest players in the market operates first-hand.