16-2021 - Executive Level 2, Senior Adviser - Macroeconomic Policy Modelling
- Job number:
- Work type:
- Full-time and Part-time
- Canberra, Melbourne, Sydney
- Economics, Econometrics, Policy, Public Policy
About Macroeconomic Group
Macroeconomic Group promotes Australia’s current and future prosperity by advising Treasury ministers on all matters of macroeconomic importance. This includes delivering assessments of the current economic conditions and outlook for the Australian economy that underpin fiscal estimates, advice on the macroeconomic opportunities and consequences of policy options, and advancing Australia’s interests in our region and the world.
We support our colleagues across Treasury and contribute to debate across government and the wider community. Our people come from diverse backgrounds, with different ways of working and thinking. We draw on their experience and build their skills in economic and policy analysis. Leading in expertise and knowledge on issues that span the domestic and international economic policy agenda, we are flexible, influential and collaborative.
About the Role
Treasury is looking for a talented, team-orientated, and highly motivated individual to fill a vacancy as a Senior Adviser in the Fiscal and Monetary Policy Branch of the Macroeconomic Analysis and Policy Division (MAPD). The successful applicant will lead the Branch’s development, maintenance and use of macroeconomic modelling for policy analysis. A large portion of this role will involve staff development. To deliver on this outcome the successful applicant must work collaboratively with Directors of the three Units in the Branch (Fiscal Policy Strategy, Fiscal Policy Analysis, and Monetary and Macro-Prudential Policy) to ensure the human and technical capability of the Branch is fit for purpose and delivery focused. They must also be able to lead briefing at the EL2 level independently of Unit Directors. The role will require extensive liaison across groups and divisions of Treasury and the Australian Public Service. Demonstrated experience in the development and use (including training staff without prior experience) of structural vector autoregression models and dynamic stochastic general equilibrium models (either representative or heterogeneous agent) for policy analysis is highly desirable. In addition to expertise in macroeconomic modelling, we are also looking for someone with strong communication and engagement skills, and strong leadership and project management skills.
Senior Adviser - Macroeconomic Modelling and Policy must deliver on five critical functions:
- The role manages the implementation of MAPD’s macroeconomic modelling work, including developing models and using models to analyse fiscal policy and other scenarios. The position requires a high level of technical expertise and experience in applying general equilibrium modelling, econometrics, data analysis and economic theory to macroeconomic policy issues. To be successful the applicant must also develop expertise necessary to model the effect of changes to: the tax and transfer system; retirement income policy; fiscal strategies; and monetary/macro-prudential policy.
- Communication skills are critical. This includes an ability to explain how a model works, how the analysis would vary with different inputs and assumptions, and what those estimates mean for policy. And an ability to forge strong working relationships with stakeholders within and outside Treasury, particularly the Macroeconomic Conditions Division, Revenue Group, Fiscal Group, key Government agencies, and the broader modelling community.
- Economic modelling is highly contestable so the role must actively manage and engage with risk. As such, the position requires sound judgement. This includes an understanding of the function modelling performs within Treasury and how this function may be best carried out and improved.
- The position demands excellent project management skills. It requires balancing longer term projects – notably developing models and building the capacity of MAPD staff – with shorter terms tasks including responding to requests for policy advice. As such, the Senior Adviser must exercise considerable day-to-day judgement on prioritisation and resourcing to meet the needs of stakeholders.
- The role is also responsible for developing capability of other staff (junior and senior) in the development and use of models and modelling results. This includes training staff in the areas of economic theory, general equilibrium modelling, econometrics and computational techniques.
Desirable Qualifications / Experience
Demonstrated experience in the development and use of structural vector autoregression models and dynamic stochastic general equilibrium models (either representative or heterogeneous agent) for policy analysis is highly desirable.
Download the selection criteria
Advertised: AUS Eastern Daylight Time
Applications close: AUS Eastern Standard Time
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