Professorial Fellowship in Central Banking
This page provides details about the fellowship including its objectives and duration, how fellows are selected, their duties and remuneration.
In 1994, we set up the Professorial Fellowship in Monetary Economics programme at Victoria University of Wellington to enhance the development of monetary and financial system policy in New Zealand.
In 2004, we widened the focus of the programme to include financial stability issues, and changed the name of the programme to the Professorial Fellowship in Monetary and Financial Economics.
In 2021, the programme was refreshed and renamed the Professorial Fellowship in Central Banking, with a broader focus on matters of interest to central banks.
The RBNZ Fellowship in Central Banking is an opportunity for the Reserve Bank and the University to strengthen their social license by working as well-connected members of the business, financial, and academic communities to stimulate conversations about issues that matter to New Zealand and the Asia-Pacific region. This overall goal can be met through a program that meets the following objectives:
- Engage with public, academic, and government communities through public events, joint forums (e.g. seminars and roundtables), and virtual platforms to promote dialogue and discourse on current and relevant issues and their economic impact
- Identify the RBNZ and Victoria University of Wellington as transparent and expert thought leaders in economic policy
- Support the continued advancement of relevant, globally minded economic policy in New Zealand
- Promote and leverage the leadership of New Zealand regionally and globally in the development and implementation of sound economic policies and principles.
Funding and management
We fund the programme through the Victoria University Foundation, who manage the programme. The steering committee comprises representatives from the Reserve Bank, Victoria University's academic community, the Victoria University Foundation and independent members from the financial community.
Selection of professorial fellows
We staff fellowship positions by invitation. Each year the steering committee identifies the main areas of interest, and specialists in those areas are identified according to their ability to best contribute to the Fellowship’s goals.
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 academia, to stimulate, educate and generally promote thinking on central banking issues
- engagement with media and the wider public
- providing advice about and supervising 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 they are normally employed. Travel and accommodation expenses are provided for, together with other expenses.
Fellowships are for durations ranging from two weeks to six months according to the availability of the fellow and the programme's requirements.
Read about past fellows, their public lectures and research.