NiGEM (National Institute Global Econometric Model) is based on estimation using historical data. It thus strikes a balance between theory and data and enables using NiGEM both for policy analysis and forecasting.
The structure of the NIGEM is designed to correspond to macroeconomic policy needs. NiGEM is a structured around the national income identity, can accommodate forward looking consumer behaviour and has many of the characteristics of a Dynamic Stochastic General Equilibrium (DSGE) model. Unlike a pure DSGE model, NiGEM is based on estimation using historical data.
Benefits of subscribing to NiGEM include:
NiGEMWEB is an easy to use interactive site designed to provide economists with the latest forecasts,economic scenarios, and access to the latest National Institute of Economic and Social Research macro-research.
Benefits of subscribing to NiGEMWEB include:
The National Institute Economic Review is the quarterly journal of the National Institute of Economic and Social Research, published quarterly in January, April, July and October of each year.
Each edition includes detailed forecasts of both UK and World economies, commentary on current issues, a comprehensive statistical appendix and articles by NIESR researchers and external authors.