International Affairs Fellowship in International Economics

The Program

The International Affairs Fellowship (IAF) in International Economics, sponsored by Kimberly Querrey, offers business economists as well as university-based economics scholars hands-on experience in the U.S. government to expand their range of thinking and work on international economic policy. Possible host placements for the fellowship appointment include but are not limited to the Federal Reserve Bank, the International Monetary Fund, U.S. Department of the Treasury, U.S. Department of Commerce, and relevant parts of the White House. The IAF in International Economics aims to enrich the teaching, scholarship, and research of academics, inform the practice of business economists, and expose policymakers to cutting edge scholarly research and academic debates.

Fellowship Award

The duration of the fellowship is between six and nine months, beginning on a mutually agreeable date. The program awards a stipend commensurate with the candidate’s experience in the range of $150,000 to $180,000, as well as a modest allowance for relocation expenses. Fellows are considered independent contractors rather than employees of CFR, and are not eligible for employment benefits, including health insurance.

For those seeking to spend the fellowship in the U.S. government, CFR will work with the fellow to identify a U.S. government agency willing to serve as a host. The placement is made at the discretion of the host agency and is contingent upon the fellow successfully obtaining a security clearance, which is granted solely by the U.S. government.

“Seeing economic research applied to policy action and also be part of it are the best gifts ever! Thank you CFR.” — Sebnem Kalemli-Ozcan, Neil Moskowitz Professor of Economics, University of Maryland (2017-2018 IAF in International Economics)


  • Applicants must be U.S. citizens
  • Applicants must be mid-career business economists or university-based economics scholars 
  • Applicants must have a demonstrated commitment to a career in international economics or a related field
  • Applicants must hold an advanced degree in economics or a closely related discipline

How to Apply

Interested candidates who meet the program’s eligibility requirements can apply online between July 1 and October 31 on an annual basis.

Selection Process

Selection as an IAF in International Economics is based on a combination of the following criteria:

  • Scholarly qualifications
  • Professional experience
  • Firm grounding in international economic issues
  • Contribution that the fellowship will make to the applicant’s career development

The selection process is highly competitive. Based on the overall application, the selection committee chooses one candidate to be the fellow. CFR will work with the selected fellows to place them in suitable host organizations. CFR cannot guarantee placement at any specific agency or organization.

2017-2018 Fellow

Affiliation at the time of award

Sebnem Kalemli-Ozcan, Neil Moskowitz Professor of Economics, University of Maryland, College Park

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