Throughout the year, we run a range of public lectures, workshops, roundtables, press briefings and seminars to share the findings of our research, and facilitate the debate of these important issues.
As the Carolean era commences with King Charles III being formally crowned, this event featured a discussion between Eshe Nelson (New York Times) and Russell Jones, as he examined the themes in his latest book “The Tyranny of Nostalgia: half a century of British economic decline”. With policymakers unwilling, or unable, to let go of...
On 2 June 1938 with funding from the Rockefeller Foundation, the Pilgrim Trust, the Leverhulme Trust and the Halley Stewart Trust, the National Institute of Economic and Social Research was formed. Now, 85 years to the day, we marked the occasion with a panel discussion on "The Failure of Economic Policy" and a display of...
In December 2022 the Government announced a package of reforms aimed at driving growth and competitiveness in the financial services sector. Known as the 'Edinburgh Reforms', they comprise four main areas: a competitive marketplace promoting effective use of capital; sustainable finance; technology and innovation; and consumers and business. As part of our work on productivity,...
Based on the latest NiGEM topical feature, this training workshop inspects different ways of modelling a slowdown in global trade.
Designed for subscribers to our macro-econometric model - NiGEM - this training workshop covers additional examples of trade shocks in NIGEM, including adjustment to trade shares (an approach that was used in our analysis of Brexit and the impact of the Russia-Ukraine war). The session will incorporate a step-by-step guide of adding new variables to...
This training workshop, designed for users who are already familiar with NiGEM, will include examples that illustrate the difference between endogenous and exogenous shocks, how default expectations can be changed and what the implications of the change. The workshop will look at how income constraints can be changed in the equations and inspects fiscal multipliers...
Aimed at users who are familiar with NiGEM, this workshop offers a guide to implementing the NGFS transitions scenarios, as well as modifying transition inputs to investigate alternative possibilities. It includes useful pointers of where the NGFS climate model and related files can be found on NIGEM website.
Jon Hall (Financial Policy Committee of the Bank of England) speaks about the dynamic nature of leverage and the tension between deleveraging activity and financial stability. Jon talks on the Liability Driven Investment structures that amplified the market shock of autumn 2022. In particular, Jon sets out that when asset prices decline, a leveraged investor...
Forecasting is central to macroeconomic policy making and risk management, and it is now routine to exploit data on a large number of variables to produce forecasts. In doing so, you can use a number of techniques, such as penalized regressions, principal components, neural networks, ensemble, Bayesian and other forecast averaging techniques. Yet, each method...
Our June Governor Talk will be given by Ed Conway on his new book 'Material World'. We are in the early stages of a new industrial revolution (and energy transition) – an attempt to replace fossil fuels with renewable alternatives. Around the world, many countries – most notably the US and China – are also...