Bank Negara Malaysia (BNM) is strengthening its collaboration with early-career Malaysian researchers through the Research Support Initiative (RSI).
This initiative is designed for postgraduate candidates and researchers in post-doctorate positions specialising in econometrics, macroeconomics, monetary economics or financial economics and related fields.
The goal of the RSI is to support candidates conducting research in areas of interest to BNM.
Our current research priorities are in these following areas, with a focus on Malaysia or incorporating Malaysia as part of the analysis:
- Drivers of sustainable growth, including the determinants of consumption and investment behaviour
- Drivers and dynamics of inflation
- Labour market developments and frictions, wage determination and price-setting behaviour
- Monetary policy transmission mechanism
- Role of the exchange rate in the economy and monetary policy
- Impact of digitalisation on money and monetary policy
- Macroeconomic impact of structural shifts such as technology and AI, climate change, and demographics and their implications for monetary policy
- Interlinkages between monetary policy and financial stability
- Policy coordination (including between monetary, fiscal, exchange rate and macroprudential policies) for macroeconomic stabilisation
- Implications of shifts in international trade and financial integration on macroeconomic and financial stability
If you have any further queries, please email [email protected] (please note that BNM may not respond to queries unrelated to the RSI). The RSI entails research collaboration with BNM staff designed to provide policy-relevant applied research experience. Support may include technical input, feedback and access to relevant institutional knowledge, depending on project needs. An honorarium is provided in recognition of participation; however, the RSI is not a research grant or project-based funding scheme.
RSI FAQs
|
1. Who is eligible for the RSI? |
Malaysian postgraduate candidates and post-doctorate researchers specialising in econometrics, macroeconomics, monetary and financial economics, and related fields, will be given preference. Applicants will need to be nominated by their respective institutions. |
|
2. How can I apply for the RSI? |
Download the official RSI application form here and fill in the requisite details. All applications should be submitted via email to [email protected] |
|
3. When do I submit my application and how do I know my application is successful? |
BNM will accept applications on a rolling basis throughout the year. Applicants will typically be informed of a decision 14 working days after the submission of complete applications. However, as resources are limited, we may adjust the timing of placements based on availability of funding and collaborating staff. Strong proposals received after capacity for the year is reached may be considered for a later start date, subject to BNM priorities. In some cases, the decision process may take longer as additional rounds of matching are required. If you do not hear from us within 60 days of application, your proposal has not been shortlisted, we encourage you to pursue your research under other programmes or grants. |
|
4. How long is the duration of the initiative? |
The RSI participant should complete a draft research project report within 12 months of appointment. Active engagement is expected throughout the project period. |
|
5. What is the expected outcome from participation in the RSI? |
At the minimum, RSI participants are expected to deliver internal presentations of their research findings under the project and a research project report developed jointly with BNM staff. Where appropriate, participants may be invited to expand their work into other research output in collaboration with BNM staff. |
