Researchers wishing to apply to the program must first submit a 2-3 page (double spaced) plan of research and a CV of each individual involved in the proposed research project.  If selected for further consideration, the researchers are asked to submit an 8-12 page (double spaced) formal research proposal including an overview of the research question, a summary of the relevant literature, and an outline of the model or estimation technique.  The proposal should identify specific data requirements, including any outside data that the researcher intends to use, and provide a rough time frame for the project.  Proposals are evaluated based on scientific merit, the suitability of applying BEA’s data to the research outlined, and the value of the research to BEA.