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Using NiGEM in uncertain times: Introduction and overview of NiGEM

Published online by Cambridge University Press:  01 January 2020

Arno Hantzsche ,
Marta Lopresto  and
Garry Young
Garry Young*
Affiliation:
NIESR
*
E-mail: g.young@niesr.ac.uk
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Abstract

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.

Keywords

NiGEMmacroeconomic modelopen economy macroeconomicsglobal structural modelspilloversC5E37F41F47
Type
Research Articles
Information
National Institute Economic Review , Volume 244 , May 2018 , pp. R1 - R14
Copyright
Copyright © 2018 National Institute of Economic and Social Research

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