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The National Institute of Economic and Social Research is Britain’s longest established independent research institute, founded in 1938. Our mission is to carry out research into the economic and social forces that affect people’s lives and to improve the understanding of those forces and the ways in which policy can bring about change.

Who we are and what we do

Who we are and what we do
The National Institute of Economic and Social Research is Britain’s longest established independent research institute, founded
in 1938. Our mission is to carry out research into the economic and social forces that affect people’s lives and to improve the
understanding of those forces and the ways in which policy can bring about change.

The Institute is independent of all party political interests and is not affiliated to any single university, although our staff regularly
undertake projects in collaboration with leading academic institutions.

Our funders

“We are a charity supplying research output competitively and transparently, with the purpose to inform the public debate and
decision making. We receive no core funding from government or other sources. Instead, the bulk of our funding comes from
research projects awarded or commissioned by a variety of sources, all acknowledged in full in our published materials. The
terms of our grants prohibit any involvement from funding bodies in determining or influencing content. Our funders include
government departments and agencies, the research councils, particularly the Economic and Social Research Council (ESRC),
charitable foundations, the European Commission, and the private sector. We are partners in three ESRC research centres
(LLAKES, the Institute for Macroeconomics, and Rebuilding Macroeconomics), along with ESCoE, which is funded by the Office
for National Statistics.”

The Institute is also grateful for the support of its corporate members. Please note that none of our publications necessarily
reflect their views.

Macroeconomic modelling and forecasting

NIESR’s well-known quarterly economic forecasts are produced using our global econometric model, NiGEM, which is also used by many European Central Banks and international organisations such as the OECD. The model’s use within these organisations helps to widen the influence of NIESR’s research and allows our expertise to influence policy decisions not only in the UK but worldwide. The model, including the database and simulation software underlying the forecasts, is sold to subscribers to help finance the costs of maintaining and developing NiGEM.

The Institute is also part of the EUROFRAME network, an initiative for improved forecasting and macroeconomic analysis in the European Union. The EUROFRAME network was founded at the end of 1998 by nine independent European research institutes that combine their knowledge in providing quantitative analysis, forecasts and policy recommendations for the European Union and for national decision makers.

Who we are and what we do

Who we are and what we do
The National Institute of Economic and Social Research is Britain’s longest established independent research institute, founded
in 1938. Our mission is to carry out research into the economic and social forces that affect people’s lives and to improve the understanding of those forces and the ways in which policy can bring about change.

The Institute is independent of all party political interests and is not affiliated to any single university, although our staff regularly undertake projects in collaboration with leading academic institutions.