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Economics honours student Ganesh Viswanath Natraj has won a prestigious scholarship awarded by the Australian Prudential Regulation Authority (APRA).

The Brian Gray Scholarship, valued at $12,500, will assist Ganesh, a UWA Business School student, in researching and writing his honours dissertation.

As part of the scholarship, Ganesh will have access to APRA expertise and data, and present his findings to APRA in their Sydney offices next year.

Ganesh's dissertation, "Applying Optimal Control Methods to Monetary Policy: Formulating a rule for optimising output and inflation" will contribute to modern macroeconomics and provide guidance to central banks.

Winthrop Professor Ken Clements, Head of Economics at the UWA Business School, said the achievement reflected well on the quality of honours students in the Economics discipline.

‘Ganesh is an outstanding student and shows a great deal of research promise. His dissertation will have important implications for the scientific formulation of monetary policy and an understanding of how it affects the whole economy,' said Winthrop Professor Clements.

The Brian Gray Scholarship program was established by APRA and the Reserve Bank of Australia (RBA) in September 2002 in memory of Brian Gray, APRA's former Executive General Manager, Policy Research and Consulting, who spent more than two decades shaping regulatory policy in the financial area in his roles at APRA and the RBA.

The other 2012 recipients are Yen Bui from Flinders University, and Chung-Yu Liu from the University of New South Wales.

Further information on the Brian Gray Scholarship.

Media references

Catherine Vogel (UWA Business School) +618 6488 7340
Verity Chia (UWA Business School) +618 6488 1346