Using NiGEM in uncertain times: Introduction and overview of NiGEM

| Publication date: 4 May 2018 | Theme: Macroeconomics | NIESR Author(s): HantzscheA; MLopresto; Young, G | JEL Classification: C5, E37, F41, F47 | Journal: National Institute Economic Review Issue 244 | Publisher: Sage Publications, London

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.

Keyword tags: 
NiGEM
macroeconomic model
open economy macroeconomics
global structural model
spillovers

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