Timo Teräsvirta has been nominated and approved to be a Fellow of the new Institute for Nonlinear Dynamical Inference (INDI) in Moscow.
From their website, you can find the institute’s Statement of Objectives and Activities. The website is hosted by RUDN University – Moscow in cooperation with Bruno Sergi at the Davis Center for Russian and Eurasian Studies at Harvard.
As can be seen from the online statement of objectives, there are no fees or obligations associated with being honored as a Fellow of INDI. The arrangement is similar to being appointed a Fellow of the National Bureau of Economic Research or the Johns Hopkins Institute of Applied Research in the U.S. Their Fellows have no obligations to the NBER or the JHIA, but have the exclusive right to submit papers to their working paper series along with receiving other benefits.
INDI Fellows do not have to do anything at all for INDI or to submit any papers to its working paper series, Studies in Nonlinear Dynamical Inference, or to participate in its conferences, or publish in its special issues, unless they choose to do so. It is an honor to be an INDI Fellow with optional privileges, but with no obligations or commitments. Since Timo are among the first group of Fellows to be appointed, he is a Charter Fellow.