This paper introduces a special issue of the Review on 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 some standard model simulations to illustrate how the model responds to monetary, fiscal and technology shocks.
Thanks to Jagjit Chadha, Iana Liadze and Yanitsa Kazalova for helpful comments and suggestions. We also thank Yanitsa Kazalova for compiling the database. Unless otherwise stated, the source of all data reported in the figures and tables is the NiGEM database and forecast baseline. The UK forecast was completed on 27 April 2018.
We would like to thank Jagjit Chadha, Amit Kara and Garry Young for helpful comments and Nathaniel Butler-Blondel for preparing the charts and compiling the database underlying the forecast. The forecast was completed on 25 January 2019. Exchange rate, interest rate and equity price assumptions are based on information available to 16 January 2019. Unless otherwise specified, the source of all data reported in tables and figures is the NiGEM database and NIESR forecast baseline.
Thanks to Jagjit Chadha, Iana Liadze, Barry Naisbitt and Yanitsa Kazalova for helpful comments and suggestions. We also thank Yanitsa Kazalova for compiling the database. Unless otherwise stated, the source of all data reported in the figures and tables is the NiGEM database and forecast baseline. The UK forecast was completed on
We would like to thank Jagjit Chadha, Amit Kara and Garry Young for helpful comments and Yanitsa Kazalova for compiling the database underlying the forecast. The forecast was completed on 25 July, 2018. Exchange rate, interest rate and equity price assumptions are based on information available to 12 July 2018. Unless otherwise specified, the source of all data reported in tables and figures is the NiGEM database and NIESR forecast baseline.
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