Objectives

• To foster research on priority topics that are highly relevant to the Thai economy and the Bank of Thailand’s policy mission and the institute’s research priorities.
• To support capable researchers in producing rigorous, policy-relevant research that is suitable for publication in international peer-reviewed journals.

Funding Information

• Funding: up to THB 400,000 (approximately USD 12,300) per project. Case-by-case additional support (e.g., for data collection) may be considered.
• Duration: typically 12 months. (extensions possible case-by-case).

Expected Deliverables

• Grant recipients will be required to submit a full academic paper (in English) for publication as a PIER Discussion Paper.

Eligible Projects

• The project must address one or more of research areas specified by PIER as follows:
  • Inflation Measurement & Dynamics
  • Evaluating Thailand’s Monetary Policy Framework
  • Understanding Thailand’s Economic Structure and Its Potential
  • Labor Productivity
  • Semi-and Informal Loans and the Design of Inclusive and Resilient Financial System
  • Impact evaluation of Thailand’s household debt policies
  • Promoting Competition in Financial and Payment Services Market
  • Impacts of Climate Risks on Firms’ Capital Structure
• The project should demonstrate a strong conceptual foundation, including a clear research question, comprehensive literature review, and sound methodology.
• Research should generate new knowledge with policy relevance and should be suitable for publication in peer-review international journals.
• If the proposed project has received funding from other sources, applicants must disclose the funding source.

Eligibility Criteria

• Researchers with strong economic research evidence. Principal- and co-investigators must submit CVs and lists of academic publications.
• Proposals from international researchers, PhD candidates, or early-career researchers are also welcome.

Review Criteria

• Initial Screening: PIER conducts a preliminary review to confirm that proposals are complete and meet basic eligibility criteria. Incomplete or ineligible submissions will not advance.
• Full Review: Qualifying proposals are evaluated by a panel consisting of one PIER researcher and two external experts, with consideration given to feasibility, academic quality, and policy relevance.
• Applicants will be notified of the decision within approximately one month after the submission deadline.

For more information, visit PIER.