Nick Oulton

A former Senior Economist at the Bank of England, Nicholas is a member of the Centre for Macroeconomics at the LSE, and a Fellow at the ONS.

Research Interests

Nick’s research has focused on productivity at the firm, industry and country level, particularly in developing better measures of the impact of information and communication technology.


Before joining NIESR in 1987 he lectured at Lancaster University. More recently he was a visiting professor in the Department of Economics at University College London.

Additional Information

Nick has published over 50 articles in academic journals and books, as well as a number of reports, and he is the co-author of a book on UK productivity.

Selected publications

“The link between the standard of living and labour productivity in the UK: a decomposition”. International Productivity Monitor, Number 42, Summer 2022, pp. 187-211.

“The Divisia approach to measuring output and productivity: with an application to the BEA/BLS integrated industry-level production account, 1987-2020”. Centre for Macroeconomics, Paper No CFM DP2022-17, October 2022. [Under consideration by the Journal of Productivity Analysis].

“The effect of changes in the terms of trade on GDP and welfare: a Divisia approach to the SNA”. Centre for Macroeconomics, London School of Economics, Paper No. CFM-DP2021-26, November 2021.