A Global Macroeconomic model as a guide for uncertain times
Abstract:
This talk describes how the National Institute Global Econometric Model (NiGEM) is being used to navigate uncertain times. NiGEM is the leading global macroeconomic model, used by both policy-makers and the private sector across the globe for economic forecasting, scenario building and stress testing. The paper summarises the main features of NiGEM and describes how it may be used to assess some topical and challenging economic issues including the effects of tariffs and Brexit.
Biography:
Garry leads the Institute’s work on macroeconomic modelling and forecasting. His research interests cover all aspects of applied macroeconomics and policy. He rejoined NIESR in September 2017 following 17 years working on monetary policy and financial stability at the Bank of England.