2018/05/01 by Arno Hantzsche, Marta Lopresto, Garry Young
Economics, Econometrics and Finance · #Global Financial Crisis and Policies #Market Dynamics and Volatility #Monetary Policy and Economic Impact
paper · doi:10.1177/002795011824400109
openalex publication_date 2018/05/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/26
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.