South Africa Appoints Economic Experts for G20 Report on Wealth Inequality
In a historic initiative, South Africa’s presidency of the Group of Twenty (G20) developed and developing nations has launched a comprehensive project to tackle global wealth inequality, with a report set to be presented to G20 Leaders. President Cyril Ramaphosa announced the formation of an Extraordinary Committee comprising six renowned economic experts, including Nobel Laureate Professor Joseph E. Stiglitz. The committee's formation comes amid growing concerns about the alarming increase in global wealth disparity, particularly worsened by shocks to international trade, financing, and the COVID-19 pandemic. Stiglitz pointed out that the wealthiest 1% have accrued wealth exceeding $33.9 trillion, a sum sufficient enough to eliminate global poverty 22 times over, highlighting the urgent need for actionable solutions. During the announcement, Ramaphosa emphasized the detrimental impacts of extreme inequality, which undermines social cohesion and economic progress. He noted that the current trajectory of wealth accumulation by a small elite poses systemic risks to the global economic and social order. The panel, which includes economists from Brazil, Uganda, India, and South Africa, aims to assess the current state of wealth and income inequality and provide policymakers with effective solutions. The urgency of their work is underscored by their commitment to presenting evidence-based policy proposals capable of addressing the challenges posed by escalating inequality. The six independent experts are: - Professor Joseph Stiglitz (USA): Nobel Laureate in Economics; university professor at Columbia University and chief economist of the Roosevelt Institute. - Dr Adriana E. Abdenur (Brazil): Brazilian social scientist, former Special Advisor in International Affairs in the office of President Lula of Brazil; co-founder of the Brazilian think tank, Plataforma CIPÓ, and current co-President of the Global Fund for a New Economy (GFNE). - Ms Winnie Byanyima (Uganda): Executive Director of UNAIDS and an Under-Secretary General of the United Nations; Convenor of the Global Council on Inequality, AIDS and Pandemics, and co-founder and co-chair of the People’s Medicines Alliance. - Professor Jayati Ghosh (India): Professor at the University of Massachusetts at Amherst, and Co-Chair: International Commission for the Reform of International Corporate Taxation. - Professor Imraan Valodia (South Africa): Professor of Economics; Pro Vice-Chancellor: Climate, Sustainability and Inequality, and Director of the Southern Centre for Inequality Studies, University of the Witwatersrand. - Dr Wanga Zembe-Mkabile (South Africa): Senior Specialist Scientist in the Health Systems Research Unit of the South African Medical Research Council, and an Extraordinary Professor at the UWC School of Public Health. As global leaders prepare for the G20 summit, the South African government hopes that the focus on inequality, historically sidelined, will take center stage, thanks to its initiative in launching the taskforce and its advocacy for a more equitable global economic framework. Multiple sessions and meetings are planned at various levels between September and November under South Africa's presidency, with the leaders' summit taking place on 22 and 23 November 2025. Image Credits: sanews.gov.za / g20.org
South Africa has appointed a panel of distinguished economists to address the pressing issue of global wealth inequality as part of its G20 Presidency. The initiative aims to provide comprehensive solutions to counteract the widening wealth gap exacerbated by recent economic shocks.
Macroeconomics and Monetary Economics (JEL E)
Hawaii Appoints Seth Colby as Chief State Economist
HONOLULU - The Department of Business, Economic Development and Tourism (DBEDT) of Hawaii announced the appointment of political economist Seth Colby as the new Chief State Economist. Colby will head the Research and Economic Analysis Division (READ), which is responsible for collecting and analyzing data related to Hawaii’s economy, covering crucial areas like tourism, labor, energy, and demographics. Colby joins DBEDT after serving as the tax research and planning officer for the Hawaii Department of Taxation, where he managed research on the state’s revenue system and macroeconomic forecasting. DBEDT Director James Kunane Tokioka expressed excitement over Colby's appointment, emphasizing the importance of comprehensive economic analyses in promoting a competitive and productive Hawaii economy. In his new role, Colby aims to lead the READ team to produce critical analytical products that will empower both public and private decision-making processes. Originally from California, Colby moved to Hawaii in 2016. He is fluent in both Portuguese and Spanish. In a recent interview with the Aloha Daily Newspaper, he revealed that it was as a result of his undergraduate degree in Biological Sciences and subsequent time in Africa in the US Peace Corps that he realised that "good intentions are not enough to bring billions of people out of poverty", and set him on his path towards development economics and political economy. While in Africa, he was confronted with the question of how it could be that people in developing countries could be working "just as hard, if not harder" than people he knew from the US, but were "five to eight times poorer". He was inspired to gain a Masters and later a PhD in Political Economy from John Hopkins University, and gained experience in economic and social development across Latin America, the Caribbean, and Africa with organizations such as the Inter-American Development Bank and the World Bank. Colby is the fourth person to hold the title of Chief State Economist, succeeding Dr. Eugene Tian, who retired after serving 15 years in the position. Image Credits: dbedt.hawaii.gov
Seth Colby, Ph.D., has been appointed as Hawaii's Chief State Economist by the Department of Business, Economic Development and Tourism (DBEDT). He will oversee data analysis on essential aspects of Hawaii's economy.
Economic Development, Innovation and Growth (JEL O)
Master in Development Economics and International Co-operation (MESCI) is a one year international Masters programme (60 credits) in development economics and public policy at the School of Economics of the University of Rome Tor Vergata. The programme, which is taught in English, provides a solid grounding in the most recent economic theories in micro and macroeconomics, as well as in econometrics and statistics. This intensive Masters aims to equip students with an in-depth understanding of economic development issues, as well as with analytical skills and methods for applied research on poverty, inequality, growth, labour, credit, gender, education, corruption, environmental and trade issues. MESCI is targeted to students and professionals pursuing, or intending to embark on careers in international organisations, public and private companies engaged in international activities and non-governmental organisations. Since its inception, this programme has enjoyed international recognition and attracts students worldwide. Students from more than 96 countries have already taken part in the programme.
The MESCI programme is curated by the professors from the School of Economics at the University of Rome “Tor Vergata” and is supported by other guest lecturers of Italian and foreign universities. In order to strengthen practical knowledge and skills, the curriculum is further extended by guest practitioners, researchers, experts from institutions, departments and organizations operating in the field of development economics and international cooperation.
Trump Moves to Remove Federal Reserve Governor Lisa Cook
In a contentious move, Trump has begun the process of removing Federal Reserve Governor Lisa Cook. The news broke as Trump published the termination letter to Cook on his social media platform, Truth Social. However, whether the move is legal or not is unclear. In US law, Fed governors can only be removed for some kind of wrongdoing, or "cause". Cook has not been charged with any crime, although has recently had to defend her actions related to mortgages she has taken out on two properties, after accusations from William Pulte, the Trump-appointed director of the Federal Housing Finance Agency (FHFA). The move has raised eyebrows among economists and politicians alike, spurring debates about the politicization of what has traditionally been viewed as a non-partisan institution. As Trump pushes forward with his agenda—aimed at reshaping governmental bodies to reflect his fiscal philosophies—his engagement in Federal Reserve operations indicates a desire to steer economic policy in a direction he deems more favorable. The implications of Cook's potential removal could be far-reaching, altering the dynamics of the Fed's decision-making and its response to ongoing economic challenges. The Trump administration's history with the Federal Reserve has often been characterized by tension and critique, particularly regarding interest rate hikes and inflation management strategies. Analysts are concerned that such political maneuvers might undermine the Federal Reserve's autonomy, which is essential for effective economic governance. As this story develops, it will be closely monitored by financial markets and political observers alike, with a potential impact on U.S. monetary policy going forward. Appointed during the Biden administration, Cook’s tenure has seen her engage in pivotal discussions regarding interest rates, inflation, and economic policy. Trump's motives appear tied to dissatisfaction with the Fed's current monetary policies, particularly its response to rising inflation rates. Critics argue that her removal could destabilize the Federal Reserve at a time when consistent leadership is crucial for maintaining economic stability. Cook is the first Black woman to serve on the Fed Board and has been a proponent of addressing social and economic inequalities through monetary policy. After completing her first BA at Spelman College, Cook was a Marshal Scholar at Oxford University, where she gained a BA in PPE (Politics, Philosophy and Economics). She moved to Senegal to gain a Master's Degree in Philosophy from Cheikh Anta Diop University. During a field trip in which she climbed Mount Kilimanjaro with an economist, she was inspired to shift from Philosophy to Economics, and gained her PhD from Berkeley in 1997. She has worked as an academic at Harvard, Stanford and Michigan State, and was appointed as a member of the Federal Reserve Board in 2022.
President Donald Trump has initiated steps to remove Federal Reserve Governor Lisa Cook, marking a significant political maneuver as he aims to reshape the Fed's direction. Cook's potential removal surfaces amidst broader controversies surrounding monetary policy amid inflationary pressures.
Public Economics & Economic Policy (JEL H)
Commonwealth Bank Appoints Belinda Allen as Head of Australian Economics
In her new role, Allen will focus on creating the Bank's Australian economic forecasts and analysis regarding the Reserve Bank of Australia's cash rate. Currently serving as a Senior Economist within CBA's Global Economic and Markets Research (GEMR) team, she has been with the bank since 2017 and has built a reputation for providing valuable insights on the Australian economy and financial markets. Luke Yeaman, Chief Economist at CBA, stated: Belinda has established herself as a trusted and authoritative voice on the Australian economy over a long period. Her deep expertise will be instrumental as we continue to lead the national conversation on key economic issues. In her own words, Allen expressed her enthusiasm for the role, noting: "It's an honour to take on the role of Head of Australian Economics at CBA. I'm excited to lead our talented team in delivering timely, actionable insights." The appointment is part of a broader restructuring within CBA’s GEMR, which now features four teams. New leadership roles have also been created, with Vivek Dhar heading Commodities and Sustainable Economics, and Adam Donaldson appointed as Head of Market Strategy and Rates Research, further strengthening CBA's research capabilities as they navigate complex economic trends. CBA's reorganization aims to enhance its dedication to providing insightful analysis that can guide customers through an evolving economic landscape, reflecting the increasing complexity of global financial dynamics. Belinda Allen has a wealth of experience as a financial markets economist. She joined the Commonwealth Bank in 2017; prior to joining the CBA, Allen spent over 10 years at Colonial First State Global Asset Management, working as a Senior Analyst in the Economic and Market Research team. Allen holds a Bachelor of Economics and Bachelor of Applied Finance from Macquarie University and has been awarded the CFA designation. Allen is also a Committee Member on the NSW Women in Economics Network. Image Credits: miragenews.com
The Commonwealth Bank of Australia (CBA) has officially appointed Belinda Allen as the new Head of Australian Economics. She brings extensive expertise and insights into the economic landscape, enhancing CBA's economic research capabilities.
Having recently completed my PhD, in this piece I share everything I learned about doing a doctorate, drawn from my own experience. I like to call it the bad kind of advice. You will not find it in official PhD manuals, and your supervisors probably will not spell it out for you either. But you will hear it from those who have cooked in this kitchen: former PhD students like me, who came out the other side with the degree in hand. Marry your research topic A PhD is the kind of commitment you make in a long-term relationship. Over four years (or more), you will likely stay within the same field, so choose wisely. Think of it as keeping the spark alive: you will go to conferences where people mostly discuss your topic, read endless papers about it, and produce your own knowledge within it. All of this, day after day (weekends off are not guaranteed). Of course, you will have some flexibility to branch out within your field, but the core focus tends to remain the same, so genuine curiosity and passion for your topic help immensely. When I began my PhD journey, I felt pretty solid in my choice. I had already written my Master’s thesis on the same topic and worked as a research assistant during my undergrad years on a related project. That early start helped me familiarise myself with the field, the key literature, and the main gaps. Because the topic felt so familiar, I was genuinely excited to keep reading those papers. That kept me going without ever feeling bored. Grow comfortable with asking questions Your first big question will be your research question. But rest assured, many more follow: technical questions like how to cluster standard errors for a tricky model; practical ones like how to book accommodation for a conference using graduate school funds. Later on, you’ll face a bigger one: I am nearly done — what do I do next, and how exactly? I was never shy about asking questions when I felt uncertain, and it helped me learn how things work fast. That efficiency will serve you well in the long run. Ask your supervisors, your grad school support team, your fellow PhDs, and alumni from your faculty. Ask people whose paths you admire about their experience during and after the doctorate (trust me, they’ll be glad to share). A well-asked question can be worth a lot, because so is the answer. Accept a marginal contribution Being ambitious is very important in a PhD, and so is staying true to reality. Many PhD candidates draw pride and drive from aiming for something meaningful: a strong publication or a spot at a top conference. But stay clear-eyed: your core goal is to learn deeply about your topic, develop your toolkit, and finish that manuscript. I found it freeing to accept that my thesis would probably make a marginal contribution (I know, we all massage that phrase in our papers to sound more impressive). There is no shame in not revolutionising your field just now. What matters is that you become a professional, know your domain well, and claim your spot in the community. Strive for technical correctness Your thesis must be technically correct and, if possible, innovative. There is a lot of talk about pushing PhD candidates to the cutting edge of new ideas. And yes, research should be about creativity and discovery. But here is the reality: you are expected to finish a manuscript in four years. After that, funding ends, and so might your contract or visa. This is a daring situation. The risks of betting everything on a high-wire, groundbreaking idea can be huge, with no guarantee of payoff. Nobody wants you stuck mid-air. Your graduate school funds you for a reason: to produce a finished thesis. You want a decent job market paper and a few side projects, all done before your funding runs dry. Keep in mind that your thesis must be methodologically sound, well-written and should explore something that is still under-explored. If it meets those criteria, send it off. Meet people and make connections Remember: after four years, you will need a job. Do not expect the job market to roll out a red carpet for you just because you have “Doctor” title in front of your name. It helps to prepare early. If networking is not your strength, treat it as a skill you can practice. Talk to people at conferences, workshops, and seminars. Ask what they do, share what you do, and show up as a professional-in-the-making (preferably in the field you ‘married’). This builds a clear image of you that the people you meet will remember. With good connections, you can reach out later for advice, collaborations, or references. Do not underestimate this channel: it can open unexpected doors, especially if you are unsure what comes next after the PhD. Take on a side hustle (but only if you can handle it) This one might raise eyebrows, but hear me out. A PhD demands a deep, long focus on one big thing. But sometimes it helps to do something else, too. In economics, it can be quite straightforward: a side gig might be contributing to policy reports or applied research that draws on your academic base but focuses on time-sensitive questions policymakers need answers to now. (On this topic, check out my other INOMICS blog on the difference between an academic and policy economist). During my PhD, I contributed to several policy papers through my earlier connections. It kept my other skills sharp and helped position me for my post-PhD plans. This was to signal: look, I did not just write a thesis; I co-authored reports and stayed connected to the field I wanted to enter next. But be mindful: this can backfire. If you overstretch yourself, your main project may suffer, and you risk delays. Only do it if you know you can manage the load. The best PhD is a done PhD This one kept me sane in the final stretch. I knew how much I could realistically do within the timeframe, and I wanted to finish strong without stalling my post-PhD plans. Research is always some kind of ‘work in progress’. There is always more to find, and more to refine, and that is the beauty of this business. But a PhD has an endpoint. One day, you must put that final dot on the page, also known as ‘submit’. Your supervisors will guide you here: when your projects feel 90% complete, ask them what it takes to wrap them up. Use that moment to turn years of hard work into a finished product and let yourself move on. Good luck — and may my bad advice serve you well. Hanna Sakhno is a policy economist with a PhD from the University of Groningen in the Netherlands. Originally from Ukraine, Hanna has also worked at the European Central Bank and at a leading economic think tank in Kyiv, where she contributed to labour market and education policy reforms. Image Credit: Yaroslav Shuraev from Pexels, via Canva
You are about to start your journey as a PhD student this fall. Congratulations! It must feel like you now have all the time in the world to turn that research proposal you submitted with your application into reality. So, how do you make the most of that experience?
BlackRock's Larry Fink Named Interim Co-Chairman of World Economic Forum
Fink's appointment is seen as a strategic move, given BlackRock's significant influence in the financial sector and Fink's understanding of the interplay between economics, politics, and environmental sustainability. Fink has long been an advocate for corporate responsibility and sustainable finance, aligning closely with the WEF's mission to improve the state of the world through public-private cooperation. His leadership is expected to guide the WEF through upcoming discussions that will focus on crucial challenges such as climate change, inequality, and the future of work. The World Economic Forum, a not-for-profit non-governmental organization and think tank known for its annual meetings in Switzerland, has always been at the forefront of fostering dialogue among global leaders. Fink's interim appointment is anticipated to enhance those discussions. As the world navigates through recovery from the pandemic and economic uncertainties, Fink's insights will be invaluable in shaping the responses of businesses and governments alike. This announcement comes as the WEF looks to bolster its leadership amid shifting global economic dynamics and amid a recent announcement that an internal investigation has cleared WEF founder Klaus Schwab of allegations made by anonymous whistleblowers involving expense irregularities. Schwab stepped down from the WEF in April of this year. Stakeholders in the global economy remain optimistic about the diverse perspectives that Fink will bring to the WEF, especially in advocating for sustainable business practices and investment strategies that prioritize long-term growth and resilience. This appointment marks a significant moment for both Fink and the WEF, indicating a continuation of their commitment to tackling pressing issues while adapting to a rapidly changing global landscape. Image Credits: msn.com
Larry Fink, chairman and CEO of BlackRock, has been appointed as the interim co-chairman of the World Economic Forum (WEF), signaling a strategic shift in the organization’s leadership, as MSN reports.
CEPA plays a crucial role in providing guidance to the United Nations on how best to develop and implement effective governance frameworks that can foster good governance around the world. As such, Nilsson's extensive background in public administration is set to bring valuable insights to CEPA’s functions. Nilsson's dedication and experience illustrate a commitment to enhancing public administration on a global scale; with many years of experience in various governmental roles, he is well-versed in the challenges and opportunities that exist within public service sectors. His appointment has been welcomed by colleagues and experts who recognize the critical nature of governance in achieving the United Nations Sustainable Development Goals (SDGs). As CEPA addresses pivotal issues such as transparency, inclusion, and efficiency in public services, Nilsson's expertise is expected to enhance deliberations and contribute to improved policies. “He brings a wealth of knowledge and experience that will help shape responses to contemporary governance challenges globally,” commented a representative from the UN. As the world faces unprecedented challenges, including the ongoing aftermath of the COVID-19 pandemic, Nilsson's role in CEPA will be instrumental in guiding member states to adopt best practices in governance to ensure that public institutions work effectively for all citizens. For more information about CEPA and its initiatives, visit the United Nations' official page. Måns Nilsson serves as the Executive Director of the Stockholm Environment Institute (SEI). His responsibilities include directing, organizing and delegating all work at SEI and its seven centers worldwide. He is a scholar of policy science with more than 60 published papers whose interests include policy coherence, integrated decision making, energy and industry transitions, and development policy. Nilsson has been an advisor to the UN, the OECD, the European Commission, and the Government of Sweden in recent years. He is a member of the Royal Swedish Academy of Agriculture and Forestry (KSLA). He received his MSc from University of Lund and his PhD from Delft University of Technology. Image Credits: sei.org
Måns Nilsson, current Executive Director of the Stockholm Environment Institute, has been appointed to the United Nations Committee of Experts on Public Administration (CEPA) reports the SEI, bringing his extensive experience in public administration and governance to the important role.
Agricultural and Environmental Economics (JEL Q)
International PhD in Economics in Japan. Coursework conducted entirely in English. Scholarships available.
The Ph.D. in Economics requires successful completion of 20 credits or more from offered courses and the successful proposal, submission and oral defense of a doctoral dissertation. Entry into the Ph.D. program typically presumes the student already has a two-year Master’s degree. As such, students ideally can finish their Ph.D. in three years at YNU. The Ph.D. program is organized around three areas of specialization: (A) International Economics; (B) Data Analytics; (C) International Political Economy. The intake period for the International Ph.D. Program in Economics is October and application begins in September of the previous year. The program was selected as one of the International Priority Graduate Programs (PGP) by MEXT (Japanese Ministry of Education, Culture, Sports, Science and Technology). MEXT will allocate scholarships and international travel funding to Japan for three students admitted in Fall 2026 and onwards. YNU will apply to renew these scholarships this year. It is easy to apply to our program and scholarships. You can apply via the Internet. In the first stage, we screen applicants based on documents submitted. We then conduct VoIP (Zoom, etc) Phone interviews in the second stage. There is no minimum GPA required. We require a minimum score of one of the following: TOEFL iBT (79), PBT (550), IELTS academic (6.5), or Duolingo (105). The English language requirement will be waived if you have completed your bachelor study or master’s degree study with English as the medium of instruction within the last 5 years in the following countries: US, UK, Ireland, Australia, New Zealand, Canada, or South Africa. Even if you completed your bachelor or master’s degree in English as the medium of instruction within the last 5 years in the other countries including India, the Philippines, Hong Kong, Singapore, etc., you are not exempt from the requirement. However, you can provide an official letter from the university certifying that English was the language of instruction instead of an official test score by a testing institution. Regarding the GRE, we look at the GRE Quantitative Reasoning scores only. The application fee is 5,000 Japanese yen. There is no need for you to come to Japan for handling these procedures until enrollment.
The Graduate School of International Social Sciences at Yokohama National University, located in the second largest metropolis in Japan, offers a Ph.D. program in economics taught entirely in English. The program provides students with academic knowledge and tools in economic theory and empirics of the highest global standards, and at the same time is well-grounded in policy-relevance. We seek motivated students from all over the world, who are eager to work as academic researchers, specialists or professionals in the international arena. Graduates have gone on to work for the World Bank, Universities, Global multinationals and more. Applicants generally have a Master's before entering and complete the PhD program in 3 years. Scholarships available!
Yokohama National University, Department of Economics
Econometrics, Statistics and Quantitative Methods (JEL C)
Closely related to our MSc Economics course, MSc Applied Economics takes a more practical approach to the subject to prepare you for a range of professional roles in the field of economics. You'll receive rigorous training in all the main aspects of economics – such as microeconomics, macroeconomics and econometrics – with a focus on their application to contemporary economic challenges and issues. Alongside the study of economic theory, you can select from a range of supplementary topics to tailor the course to your personal interests and career aspirations. These may include: behavioural economics and finance environmental and natural resource economics economics of politics macroeconomic policy and institutions applied financial economics economics of banking and financial institutions financial markets and investment banking machine learning applications in economics and finance If you want to specialise in finance or banking, you may be more suited to our MSc Applied Economics with Banking and Financial Markets course. MSc project The course culminates with a project, in the form of two policy briefs or a traditional dissertation. Both options give you the opportunity to apply your newly acquired knowledge to a specific economic area or debate that interests you or is relevant to your career aspirations. Policy briefs The policy briefs allow you to communicate the practical implications of a real-world piece of policy, or your own research into a challenge or issue, to an audience of private and public sector practitioners. You will conduct appropriate research and data analysis (if necessary), before presenting your findings as a written report. Dissertation You can choose to do a traditional dissertation. This enables you to use sophisticated economic theories in a piece of applied research work. Use specialist facilities You’ll have access to some of the latest industry-standard statistical, mathematical and econometric software in our computer labs, including EViews, Stata, Matlab and Python. Access to top-tier international databases will allow you to access up-to-the-minute data on real-world trends to enhance your learning experience. Gain important career skills On successful completion of the course, you will be able to: understand and apply microeconomic and macroeconomic theories to a wide range of economic scenarios apply theories and statistical tools to analyse, visualise and conceptualise economic data use mathematical, statistical and econometric methods to carry out quantitative analyses of applied economics problems conduct applied research in both private and public contexts. We limit student numbers on this course to ensure a collegiate atmosphere and a high degree of interaction between students and lecturers. Graduate prospects This course is designed to equip you with the knowledge and practical abilities required to work in various careers within economics. These include banking, consulting, governmental organisations and research institutions. It also provides suitable preparation for doctoral study and future roles in academia. Common graduate roles in applied economics include: applied economist civil servant consultant financial analyst investment banker risk analyst Recent graduates have gone on to work in a number of different roles across the world in organisations such as: World Bank Royal Bank of Scotland HSBC JP Morgan Chase &Co. Deloitte HMRC and other government institutions both in the UK and overseas Others have chosen to continue their careers in academia. Compare all our economics master’s courses
Gain a strong grounding in advanced economics, with a focus on the application of economic theory and policy analysis in contemporary real-world settings.
Find out more here
Summer Recruitment and Student Clearing - Last Minute Candidate Matching That Still Makes an Impact
While many students have a job or university course lined up for September, others do not, and are frantically seeking an opening for a master’s program, MBA program, bachelor’s program, or even a PhD opportunity. For many graduates, the race is on to avoid a return back to their parent’s spare room, and they are actively looking for a postgraduate job, traineeship or internship. On the other side of the equation, student recruiters may still be sweating about whether they can fill all the seats for their university programs. And employers face a unique opportunity to recruit fresh graduates. Given the pressure, real or perceived, for graduates to land a job quickly, the summer offers recruiters a pool of highly motivated and qualified, yet unusually flexible candidates who are anxious to find meaningful employment after years of study. How this “scramble” between candidates and recruiters plays out can vary, depending on whether the opportunities in question are undergraduate (bachelor) programs, postgraduate (master’s or PhD) positions. In online platforms like INOMICS, we notice a surge of interest in graduate positions over the summer, as well as extended campaigns from recruiters for those study programs that still have capacity. In some countries there are even structures in place to handle the need to urgently place candidates. An example is the “Clearing” process for school leavers, i.e. prospective undergraduate students, who have not yet secured a place in the UK university system. Clearing - A Case-Study in last-minute recruitment Between July and early October, universities and colleges across the UK (and increasingly across Europe) engage in UCAS (the Universities and Colleges Admissions Service) Clearing - a critical second wave of student decision-making. Typically over 30,000 courses still have places to fill at the start of July each year, and hundreds of thousands of students will be looking for the right fit. But this isn’t just a student-facing phenomenon—it’s a key recruitment window for academic institutions, departments, and program managers. What Is Clearing, and Why Should Recruiters Care? Clearing is how universities and colleges in the UK fill any remaining places on their courses. Students use it when: - They apply after 30 June - They didn't receive or accept any offers - They didn’t meet their offer conditions - They changed their mind and released themselves from a firm place This means: many of the students entering Clearing are high-intent, active decision-makers, still looking for quality academic opportunities, and fast. For Recruiters: A Strategic Recruitment Window and a Time-Sensitive Audience If you’re a recruiter, department head, or admissions manager looking to fill last-minute roles, program spots, or academic opportunities, this is your moment: - Students are scanning job boards, university websites, and academic platforms like INOMICS. - Timing matters: As students receive school or university results, typically in August, there is a spike in traffic. In other European countries, results for school leavers or university graduates are often known already in July. - Visibility is everything: Students need to discover your opportunity, understand its benefits, and act quickly. How INOMICS Can Help Recruiters during Student Clearing, and last-minute Summer Recruitment INOMICS supports universities, research institutions, and graduate programs across Europe and beyond. We help connect motivated students with relevant academic and professional opportunities—especially when time is short and visibility is critical. Here’s how we can help you during the Summer: - Last-minute job or program listings – Get your offer in front of a global, high-intent student audience - Social media promotion – Boost your visibility exactly when students are searching, on the platforms they spend their time on - Reposting, reminders & urgency banners – Use countdowns and time-sensitive framing to speak to the sense of urgency for your audience, and so increase click-throughs - Data insights – Understand which student regions or fields are seeing the highest activity The summer recruitment window may be late in the academic cycle—but for recruiters, it’s a golden opportunity to connect with active, motivated students looking for their next step. Let INOMICS help you make the most of it. Contact our team for advice, or publish your job openings, traineeships, internships or study programs online today.
The academic year has finished, the weather is good, half the department is on holiday, and the next academic year seems an age away. But the summer is a deceptively important period, both for recruiters on the one hand, and candidates on the other.
Our MSc Economics and Finance course is designed to give you the skills to start your career in a financial institution, consultancy, ministry of finance or economics, or a central bank. On this specialist master's, you’ll study advanced economic theory alongside relevant finance topics, some of which are taught by our School of Management. You will: explore how economics can be used to help address real financial issues, such as global financial crises gain a deeper understanding of econometrics to interpret and analyse empirical data effectively learn to apply established models and how to alter, test, and adapt your analysis in new market environments Dissertation or Practice Track The course culminates with either a traditional dissertation or a consultancy project. Dissertation You can choose to do a dissertation on an economic area that interests you or that is most useful in your career. This will allow you to apply your newly acquired knowledge to a specific problem or debate. Consultancy Project The consultancy project is an alternative to the dissertation. You’ll work on a consultancy or research-based project with an external organisation, helping them to address a real-world business challenge. You’ll conduct appropriate research and data analysis (if necessary), before presenting your findings as a written report and presentation. Consultancy project numbers are limited each year. You’ll apply for a suitable project with one of our external partners and will receive support from us during this process. If a suitable project can’t be secured, you will complete a dissertation instead.<o:p></o:p> Find out more about the consultancy project<o:p></o:p> Use specialist facilities You’ll have access to some of the latest industry-standard statistical, mathematical and econometric software in our computer labs, including EViews, Stata, Matlab and Python. Access to top-tier international databases will allow you to access up-to-the-minute data on real-world trends to enhance your learning experience. Gain important career skills On successful completion of the course, you will be able to: understand and apply microeconomic and macroeconomic financial theories and concepts, including asset pricing, risk management, and corporate finance analyse, visualise and conceptualise economic and financial data using established methodologies and statistical tools critically evaluate existing research and write at an academic level when formulating original research questions We limit student numbers on this course to ensure a collegiate atmosphere and a high degree of interaction between students and lecturers. Graduate prospects This course is designed to give you the knowledge and level of skills required to secure work within financial institutions, consultancies, ministries of finance or economics, or central banks. You’ll be better prepared to become a financial analyst, trader or banker; or an economist in government, research units, or commercial enterprises. It also provides suitable preparation for doctoral study and future careers in academia. Recent graduates have gone on to work in a number of different roles within economics across the world. These include: Senior Credit Analyst (Deutsche Leasing China) Analyst Developer (Schroders) Private Banking Executive (Barclays Wealth and Investment Management, London) Relationship Manager (JP Morgan Chase, China) Research Analyst (Farringdon Capital Management, Denmark) Assistant Vice President (HSBC Commercial Banking, Hong Kong) Head of Market Intelligence (Cisco Systems) Investment Specialist (TKB Investment Partners, Russia) Others have chosen to continue their careers in academia. Compare all our economics master’s courses
Combine core economics knowledge and theory with relevant financial topics to develop your skills for a finance-focused career.
Zhu Haibin Appointed Executive Director of Research at Hong Kong Monetary Authority
Dr. Zhu was previously the Chief Economist for China at J.P. Morgan, and has a robust track record of contributions to research and analysis of monetary policy and macroeconomic trends, both in China and globally. As the new Executive Director, Dr. Zhu will lead the HKMA's research team and focus on critical areas including economic and financial system stability, monetary policy research, and data analytics. This role is pivotal in guiding the HKMA in its mission to promote the stability of Hong Kong’s monetary and financial systems. The Hong Kong Monetary Authority was founded in April 1993, and has three main functions: maintaining currency stability via the linked exchange rate system tying the Hong Kong Dollar to the U.S. Dollar; promoting the stability and integrity of the banking system; and helping to maintain Hong Kong's status as a financial hub. Dr. Zhu’s appointment comes at a significant time as the HKMA navigates complex financial landscapes, particularly in the post-pandemic economy. The authority values Dr. Zhu's insights, stemming from his academic credentials and practical experiences in financial services, to enhance its policy-making processes. Commenting on his new position, Dr. Zhu expressed his enthusiasm for contributing to Hong Kong’s economic development and his commitment to fostering a transparent and robust financial regulatory framework. His leadership is expected to not only benefit the HKMA but also the broader Hong Kong financial ecosystem. Dr. Zhu’s extensive experience and deep understanding of both local and international markets position him as a capable leader in steering research efforts at the HKMA. Dr. Zhu obtained his Ph.D. in economics from Duke University, holds an M.A. in Economics from the Graduate School of People’s Bank of China, and holds a B.S. in Information Management from Peking University. Mr. Zhu was formerly a research economist at the Bank for International Settlements (BIS) for over a decade, starting in 2001. He joined J.P. Morgan in 2011; from 2016-2020, Mr. Zhu served as the Head of China Equity Strategy at J.P. Morgan. His areas of expertise include China's economy, banking regulation and financial stability, equity strategy and asset allocation, and he has published dozens of papers on these subjects in peer-reviewed journals. Image Credits: Faculty of Social Sciences of the University of Hong Kong, Pixabay
The Hong Kong Monetary Authority (HKMA), the central banking institution of Hong Kong, announced the appointment of Dr. Zhu Haibin as its new Executive Director of Research, taking effect on October 1, 2025. Dr. Zhu, an experienced economist, will play a crucial role in shaping monetary policy and financial regulatory frameworks in Hong Kong.
Dr. Richard Whittle Appointed as New Professor of AI and Public Policy at University of Salford
The University of Salford has announced the appointment of Dr. Richard Whittle as Professor of Artificial Intelligence (AI) and Public Policy at its Business School. Dr. Whittle, who previously served as a University Fellow, brings a robust interdisciplinary research background that blends artificial intelligence, behavioral economics, and public policy. With a strong focus on national and regional policy, Dr. Whittle has published in leading journals such as Public Administration and has provided consultancy to various organizations. His research funding comes from distinguished sources such as the Economic and Social Research Council (ESRC). Notably, Dr. Whittle is involved with Manchester City Council’s digital strategy, contributing to the mapping of the city's AI ecosystem and advocating for ethical design practices in technology. In this new position, Dr. Whittle will aim to lead research programs that investigate the political economy of AI while promoting inclusive economic development. Expressing his enthusiasm about the new role, Dr. Whittle remarked, “I’m excited to collaborate with colleagues across the University and region to help ensure AI supports inclusive, fair, and sustainable futures.” Professor Katy Mason, Pro Vice-Chancellor of Salford Business School, expressed confidence in Dr. Whittle's capacity to address critical societal challenges through research. His addition to the academic leadership team is anticipated to enhance the university’s impact on regional and national levels. The appointment is also interesting, with Whittle's background in economics and public policy implying increasing recognition of the impact, current and potential, of AI on these areas of public life. Image Credits: salford.ac.uk
Dr. Richard Whittle has been appointed Professor of Artificial Intelligence and Public Policy at the University of Salford’s Business School, focusing on responsible AI and economic transformation.
Tributes Pour in for Lord Meghnad Desai, Renowned Economist and Politician
Lord Meghnad Desai, a distinguished economist known for his profound impact on economic theories and policies, has died at the age of 85. He was an influential member of the House of Lords and served as a professor at the London School of Economics (LSE), where he was regarded as a trailblazer in economic discourse. Desai's academic career was marked by a dedication to exploring the intricacies of economic policy, development, and global financial systems. His work extended beyond academia, making significant contributions to public policy that resonated in a variety of national and international contexts. He was particularly noted for his critiques of economic structures and advocates for more inclusive approaches to economic governance. In the wake of his passing, many from various sectors of the political and academic community have expressed condolences, highlighting his unique ability to bridge the gap between rigorous economic theory and practical application. His insights often challenged conventional wisdom, encouraging innovative approaches to tackling economic challenges. Desai also made history as one of the first Indian-born members of the House of Lords, which underscored his commitment to fostering a greater understanding of economic issues from a diverse perspective. The legacy of Lord Meghnad Desai will continue through his vast body of work, inspiring future generations of economists, policymakers, and scholars. The LSE reported the many tributes to Lord Desai, celebrating not just his economic brilliance but also his engaging personality and vast intellect that enriched conversations on crucial economic issues in the modern world. Image Credits: blogs.lse.ac.uk
Lord Meghnad Desai, a celebrated economist and member of the House of Lords, has passed away at the age of 85. His contributions to economic thought and public policy were instrumental in shaping modern economics.
Portugal Nominates Alvaro Santos Pereira as New Central Bank Governor
LISBON (Reuters) - The Portuguese government has nominated Alvaro Santos Pereira, the current chief economist at the Organisation for Economic Cooperation and Development (OECD), to become the next governor of the central bank. His nomination comes following the end of Mario Centeno’s term, which officially concluded on July 19. The announcement was made by Cabinet Minister Antonio Leitao Amaro during a weekly cabinet meeting. The central bank governor's role is critical and comes with a five-year term, with the possibility of reappointment. Prior to officially taking office, Pereira will need to face questioning from a parliamentary committee; however, this committee holds no power to veto his nomination. It's common in Portugal for heads of regulatory bodies to continue in their positions for months after their official terms have ended, a scenario that occurred with Centeno as well, who had expressed his willingness to remain in the role. This nomination highlights the importance of leadership within Portugal's financial landscape, especially as economic conditions evolve. The appointment is now set to undergo the next steps in the approval process, continuing to attract attention within both political and economic spheres. Credits: Banco de Portugal / REUTERS/Pedro Nunes
The Portuguese government has announced the nomination of Alvaro Santos Pereira as the next governor of the central bank, succeeding Mario Centeno, whose term ended in July. Pereira, chief economist at the OECD, must undergo parliamentary questioning before his appointment. Centeno's tenure faced criticism for perceived lack of independence after transitioning from finance minister to central bank governor.
Professor Jagjit Chadha Appointed Fellow of Gresham College
In a press release, the University of Cambridge has announced that Professor Jagjit S. Chadha, a distinguished academic at the Faculty of Economics at the University, has been appointed a Fellow of Gresham College, an esteemed institution known for its public lectures since 1597. Chadha, who previously held the title of Mercers' Memorial Professor of Commerce at Gresham College from 2014 to 2018, expressed his honor in continuing his collaboration with the college which aims to promote public knowledge in the arts and sciences. In his tenure at Gresham, he delivered 24 lectures focused on enhancing public understanding of economics and economic policy. "I am honoured and delighted to be recognised by Gresham College in this way. My 24 lectures were designed to support public understanding of economics and economic policy but I think I learned the most from their delivery," stated Professor Chadha. He will now be in a position where he can also make contributions to the college's Academic Board. In addition to his new role, Professor Chadha has also been appointed a Visiting Professor at Birkbeck, part of the University of London, where he will be engaged with the Economics Group for the next three years. Plans are in discussions about introducing an Annual State of Economic Address. Chadha has an illustrious academic background, having served as Director of the National Institute of Economic and Social Research until December 2024, and has previously held positions at the University of Kent and the University of St Andrews. His contributions to the field have been recognized with an OBE in the 2021 Queen's Birthday Honours, and he was elected a Founding Fellow of the Royal Economic Society in 2025. This appointment highlights Professor Chadha's ongoing commitment to economic discourse and public education in the field. Image Credits: econ.cam.ac.uk / gresham.ac.uk
Professor Jagjit Chadha from the Faculty of Economics at Cambridge has been appointed a Fellow of Gresham College.
EABCN Takes Over ECB's Area Wide Model (AWM) Database
The Euro Area Business Cycle Network (EABCN) has officially assumed control over the Euro Area Business Cycle Dating Committee's (EABCDC) Area Wide Model (AWM) database, which was decommissioned by the European Central Bank (ECB) in 2010. The AWM database, instrumental for empirical work on the euro area, has not been updated since 2019. It is hoped that the EABCN's involvement will rejuvenate this important resource, allowing for regular updates twice a year in conjunction with EABCDC meetings. The AWM database provides a foundational source for analyzing the euro area’s economic fluctuations and is significant for output gap estimations among other economic indicators. The recent transition of data management to EABCN may come as a relief for both both academic researchers and policy institutions focused on the euro area's economic stability who benefit from reliable data about business cycles within the Eurozone. Image Credits: Peter Hermus / Getty Images, via Canva Teams
The Euro Area Business Cycle Network (EABCN) has taken responsibility for updating the Euro Area Business Cycle Dating Committee’s (EABCDC) Area Wide Model (AWM) database, originally managed by the ECB. This move aims to enhance the availability of the data for research on the euro area business cycle, with plans for updates twice yearly.
IMF Appoints Rodrigo Valdes as Director Fiscal Affairs Department
In a significant leadership change, the International Monetary Fund (IMF) has announced the appointment of Rodrigo Valdes, originally from Chile, as the new Director of the Fiscal Affairs Department. This decision was made public on July 17, 2025, indicating a commitment to enhancing fiscal policies worldwide. Valdes steps into this role following the departure of Vicky Sterlini, who has served the department with distinction and is now retiring after a notable tenure. Rodrigo Valdes comes to this position with a wealth of experience in economic policy and fiscal management, having served in various capacities within government and international organizations. His extensive background includes leadership roles that influence fiscal policy development, economic reforms, and sustainable growth initiatives. IMF Managing Director Kristalina Georgieva expressed confidence in Valdes’s abilities, stating: “I am pleased to announce that Rodrigo Valdés will assume the role of Director of the Fiscal Affairs Department. I am also delighted that this appointment represents the first time in FAD’s 60-year history that an Emerging Market economist will lead the department.” Valdes's expertise is expected to drive forward the department's objectives, ensuring that governments are better equipped to manage their fiscal challenges, especially in the wake of global economic shifts. The Fiscal Affairs Department is central to the IMF's work, focusing on advising countries on best practices for fiscal policy, budgeting, and tax reforms. Image Credits: imf.org
The International Monetary Fund (IMF) has appointed Rodrigo Valdes as the new Director of the Fiscal Affairs Department, effective immediately. Valdes, who succeeds the retiring Vicky Sterlini, brings extensive experience in economic policy and fiscal management.
Banco de España Announces New Appointments
The Banco de España has announced (in Spanish) two key appointments. David López Salido has been appointed as the new Director General of Economy. He moves to his new role in Madrid from the US Federal Reserve in Washington D.C., where he held the position of Senior Associate Director for Monetary Affairs. Salido's extensive background in economic analysis and policy-making positions him as a pivotal figure in shaping the economic strategies of the Banco. Alongside him, Galo Nuño has been designated as the Director General of Institutional, European and Transparency Relations. Nuño moves from his position as Associate Director General Economics at the bank. His experience in institutional relations emphasizes Banco de España's commitment to transparency and fostering strong ties with various stakeholders in the European financial landscape. These appointments come at a crucial time as the Banco continues to navigate the complexities of economic recovery and financial stability in the current global context. Both López Salido and Nuño expressed their readiness to tackle the challenges ahead and to work collaboratively with their teams to enhance the effectiveness of Banco de España's initiatives. The institution aims to strengthen its role in ensuring a sound monetary policy and contributing positively to Spain's financial ecosystem, reinforcing confidence and stability amidst ongoing changes in the economic environment. The new roles reflect the Banco’s priorities in addressing economic concerns and fostering cooperation between institutions in Europe, which are imperative for its ongoing mission to promote financial stability and economic growth in Spain. Image Credits: bde.es
David López Salido has been appointed as the Director General of Economy at Spain's national bank, while Galo Nuño will take on the role of Director General of Institutional, European and Transparency Relations at Banco de España.