National Institute Global Econometric Model

The leading global macroeconomic model.

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Used globally since 1987, by both policy-makers and the private sector, for economic forecasting, scenario building and stress-testing.

Europe

30 COUNTRIES + 3 REGIONS

America

6 COUNTRIES + 1 REGION

Asia / Australia

12 COUNTRIES + 1 REGION

Africa / Middle East

2 COUNTRIES + 2 REGIONS

7,500+

Variables

10,000+

Model Equations

Forecasts, Scenarios and Stochastic Outputs

7,500+

Macro Variables

1997-2052

Historical and forecast data spanning

Benefits of using NiGEM

Transparency

All data, assumptions and judgments used in our published forecasts are included as standard

Rigour

NiGEM has been peer-reviewed by users, academics and journal editors for over 30 years.

Trusted

NIGEM is used by a number of central banks, global research organisations and regulators to accurately model and forecast the impact of different events or policy-choices

Flexibility

Easily incorporate your own assumptions and judgments, change policy regimes and other elements

Usability

Compatible with MS Windows, the software has a ‘click and play’ capability, or for more advanced users can be manipulated.

Flexible to your requirements

Flexibility to modify existing model or create your own countries and regions

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What's Included With a Subscription?

Quarterly Updates

Includes wizards to create host of scenarios with ease

Separate Climate-Change Model

An understanding of the macro-economic effects of climate change and extreme weather events, and the policy choices available, is key. NIGEM now includes a range of options to assess the impact of a variety of different scenarios and provide policymakers with a transparent and consistent approach to inform their responses to one of the most pressing problems of our time.

Full Technical Support

Eight hours per calendar month of technical support provided to all users for help with model operation

Free Training

Subscribers can access free training through dedicated workshops

Access to Dedicated Events

As one of our key partners, you will be invited to dedicated events and have exclusive access to member-only content.

Structured to correspond to macroeconomic policy needs, NiGEM can be used to model a number of different scenarios and strikes a balance between theory and data. This means it can be used for both policy analysis and forecasting. Some current research using NiGEM includes:

Publications

Global Growth Stumbles – A New ‘New Normal’?

Publications

Recession Avoided, But Prospects Remain Bleak for Households

Projects

Economic Impacts of Climate Change

Publications

The Economic Costs of the Russia-Ukraine Conflict

Blog

What is the Economic Impact of the Russia-Ukraine Conflict?

Access Our Latest Publications

Together with your subscription to NiGEM, you will receive access to our UK and Global Economic Outlook.

Our Global Economic Outlook is limited to just NiGEM subscribers and other key partners, and contains an an in-depth authoritative examination of the global economy, as well as specific risk scenarios and topical features. Each quarterly forecast is produced using data from NiGEM.