Thomas J. Sargent Dissertation Fellowship

Call for applications for 2022 program

Federal Reserve Bank of San Francisco economists conduct cutting-edge research to make substantive contributions to the analysis and conduct of monetary policy. The summer fellowship program offers individuals an opportunity to interact with economists and visiting faculty from nearby institutions, make progress in writing their dissertation, and increase their exposure to scholarly research.

Fellows will participate in department research activities, such as seminars and brown bags, as well as discuss and advance current research projects with feedback from department economists. The fellowship carries a stipend.

Candidates are sought in the fields of macroeconomics (broadly defined), financial economics, and labor economics. Potential synergies with department economists will be considered in particular.

Fellowship details

Qualifications and requirements

Fellowships are open to PhD students from all doctorate-granting colleges and universities.

Applicants must:

  • Have passed their qualifying examinations
  • Be at the dissertation stage of their program at a U.S. university
  • Be a U.S. citizen, permanent resident, or a non-resident student visa holder

Applicants are required to:

  • Be available to work for the full duration of the 6-week fellowship
  • Present one brown bag seminar
  • Interact with department economists
  • Depending on the developments of the COVID-19 pandemic, expected to either reside in the San Francisco Bay Area during the fellowship or participate remotely

To apply

Please email application packet to with the following:

  • CV
  • Sample research paper
  • Cover letter
  • Two letters of reference


  • March 15, 2022: Applications deadline
  • Early April, 2022: Application review and selection
  • June–September 2022: 6-week fellowship
I had a great summer at the San Francisco Fed in 2016! I met new people, made new friends, and started new research projects. It’s an amazing place with dozens of economists eager to hear about your research and discuss their own.
– Neil White, UT Austin, 2016 Dissertation Fellow
Spending the summer at the FRBSF was a truly formative experience for me both personally and professionally. Through daily discussions with members of the economics research team and by presenting in the seminar series, I received valuable input on my research ideas and insights from new and different perspectives. Thanks for letting me join the team last summer, I am very grateful for the hospitality and opportunity extended to me.
– Dmitri Koustas, UC Berkeley, 2016 Dissertation Fellow

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