Professorial Fellowship in Monetary and Financial Economics


The Reserve Bank of New Zealand | Victoria University of Wellington | School of Economics and Finance | Victoria University Foundation | New Zealand Economic Situation and Context

In 1994 the Professorial Fellowship in Monetary Economics programme at Victoria University of Wellington was set up as an initiative of the Reserve Bank of New Zealand. In 2004, the focus of the programme was widened to include financial stability issues, and the name of the programme was changed to the Professorial Fellowship in Monetary and Financial Economics.

Current and future fellows

Partha Dasgupta is Frank Ramsey Emeritus Professor of Economics at the University of Cambridge, Fellow of St John's College, Cambridge, and Professorial Research Fellow at the Sustainable Consumption Institute, University of Manchester. He taught at the London School of Economics during 1971-1984 and moved to the University of Cambridge in 1985 as Professor of Economics, where he served as Chairman of the Faculty of Economics in 1997-2001.

During 1989-92 he was also Professor of Economics, Professor of Philosophy, and Director of the Program in Ethics in Society at Stanford University; and during 1991-97 he was Chairman of the (Scientific Advisory) Board of the Beijer International Institute of Ecological Economics, Stockholm. Since 1999 he has been a Founder Member of the Management and Advisory Committee of the South Asian Network for Development and Environmental Economics (SANDEE), Kathmandu.

In 1996 he helped to establish the journal Environment and Development Economics, published by Cambridge University Press, whose purpose has been not only to publish original research at the interface of poverty and the environmental-resource base, but also to provide an opportunity to scholars in developing countries to publish their findings in an international journal.

Professor Dasgupta's research interests have covered welfare and development economics, the economics of technological change, population, environmental and resource economics, the theory of games, the economics of undernutrition, and the economics of social capital.

Professor Dasgupta will be visiting Wellington in February 2020.

Contact: Emma Clark, Economics, Financial Markets & Banking Group.

Past fellows – public lectures and research

Fellows from 1995 to 2019.


The objective of the programme is to enhance the development of monetary and financial-system policy in New Zealand to the advantage of New Zealand's long term welfare by furthering thinking and debate at the professional economics level, and, in particular, by:

1) promoting wider discussion of, and constructive challenge to, the Reserve Bank's thinking in the areas of monetary economics and financial-system policy; and

2) encouraging debate among university academics and policy advisers in the monetary and macroeconomic fields and in the financial stability field.

Funding and management

The programme is funded by the Reserve Bank of New Zealand through the Victoria University Foundation, which manages the programme. The Management Committee comprises representatives from the Reserve Bank, Victoria University's School of Economics and Finance, and the Victoria University Foundation, and independent members from the financial community.

Selection of Professorial Fellows

The fellowship position is staffed by specialists in monetary and financial economics of high international repute selected according to:-

  • their ability to contribute best to the above objectives
  • the extent of international recognition of their contribution in the field of monetary and/or financial economics, with a high weighting put on the relevance of their contribution to the practice of policy.
  • their demonstrated ability to communicate orally and in writing such that their contributions can readily be understood by those engaged in monetary and financial-system policy and practice in New Zealand
  • the extent to which their area of expertise and interest adds to the pool of knowledge in New Zealand

Duties of the Professorial Fellow

In general, the duties typically involve a mixture of:

  • original research of relevance to New Zealand
  • presentation of a public lecture
  • presentation of additional lectures and seminars to monetary policy and financial stability specialists, within and outside academe, in order to stimulate, educate and generally promote thinking on monetary policy and policy and financial stability issues
  • advice on, or supervision of, research by university staff and graduate or post-graduate students.

Some presentations take place at universities other than Victoria.


Professorial fellows are remunerated at a rate that is competitive in the market in which the fellow is normally employed. Travel and accommodation expenses are provided for, together with auxiliary expenses.

Living in New Zealand

Read about living in Wellington on the WREDA website.


Fellowships are for durations ranging from two weeks to six months according to the availability of the fellow and requirements of the programme.