Economist / Senior Economist - Macroeconomic Modelling and Forecasting

National Institute of Economic and Social Research (NIESR)

The National Institute of Economic and Social Research (NIESR) is one of Britain’s most influential and prestigious independent research centres. It specialises in applied social and economic research, combining high academic standards with relevance to policy making. Further information about NIESR is available at

We are looking to recruit an Economist or Senior Economist to join our Macroeconomic Modelling and Forecasting team. The team delivers research projects on a number of macroeconomic themes, as well as providing expert thought leadership and analysis of issues to corporate members and clients. In addition, the team provides a large-scale global econometric model (NiGEM) to users in the policy community, such as the OECD and ECB as well as national central banks and finance ministries across the world. NiGEM is an estimated, theoretically coherent forward-looking model, designed as a tool for both practical forecasting and for high quality academic research and policy analysis. The model is used to produce detailed quarterly macroeconomic forecasts with the output published in the National Institute Economic Review, as well as policy simulations in both applied and academic contexts.

The successful candidate will join a team of ten led by the Director of Macroeconomic Modelling and Forecasting Dr. Garry Young. The post holder will work on some funded longer term economic projects, often involving the application of NiGEM to real-world issues. They will also play a key role in producing and disseminating the Institute’s forecasts using NiGEM. They will have responsibility for all stages of NIESR’s forecast for a set of countries. This includes updating and refining country models, forecasting and keeping abreast of economic and political developments, and being prepared to convey these views to our subscribers and sponsors, as well as the media.

This is an outward facing role. Alongside communicating the forecast through the National Institute Economic Review, the successful candidate is expected to regularly interact with existing NiGEM subscribers and other stakeholders. Additionally, the successful candidate is expected to take an active role in meeting with and presenting to potential and existing subscribers and sponsors.

Some of the work is based around our quarterly forecast and publication dates, and so a willingness to work flexibly and over extended hours is required.

To Apply

The post is a full-time role with a starting salary of £26,500 - £35,000, depending on qualifications and experience. The post would begin as soon as possible, but we would also be happy to hear from candidates who would like to take up a similar position in summer 2018.

Applicants should provide a full CV and a covering letter of no more than 2 pages, explaining their suitability and interest in this post, to: Ruth Hallesy via email: with the subject line ‘Economist/Senior Economist Application’. The covering letter must specify the approximate date you would be available to start work.

Closing date for applications is midday on 27th October 2017.
We intend to hold interviews on 3rd November 2017.

Due to the large number of applications we usually receive, only shortlisted applicants will be contacted.

Job Description

Main purposes of the job:

Designs and carries out model development, forecasting and research; develops areas of expertise; leading on smaller research projects or elements of larger projects; contributes to business development and delivery of commercial services.

Key responsibilities:

Under the supervision of more experienced colleagues:

Research projects

  • Supports the design of research projects/models.
  • Prepares and drafts research bids and leads on some elements of proposals with senior support.
  • Prepares and conducts research using appropriate methodology.
  • Conducts focused literature reviews.
  • Conducts complex review of qualitative and quantitative data.
  • Delivers research activities.
  • Provides general research assistance and research related administrative activities.

Modelling and forecasting

  • Updates and refines country models.
  • Supports the delivery of monthly GDP forecasts and quarterly UK and global forecasts.
  • Develops models as appropriate under supervision.
  • Develops awareness of data and survey releases, economic current affairs and relevant political developments.
  • Supports the recruitment and retention of model subscribers and corporate sponsors.
  • Supports the delivery of training on the model.

Commercial development

  • Delivers consultancy services to clients;
  • Delivers development of new services contributing to generation of commercial income;
  • Builds and maintains good relationships with commercial clients and prospects.

Project management and reporting

  • Collates and edits findings of research activity for senior review.
  • Drafts progress reports on research for funders as required.
  • Reviews summary findings from junior colleagues.
  • May lead on a number of small projects or discrete elements of larger projects.

Dissemination and communications

  • Drafts and submits high quality and/or policy research output for academic publications, reports or articles, conferences and events, including content for digital media.
  • Presents research findings to external audiences/funders at conferences/seminars as part of the wider team.
  • Develops a network with stakeholders including collaborators, funders and policy-makers.

Staff management

  • May co-ordinate the activities of 1 or 2 junior staff
  • Supports and coaches less experienced team members.


  • Contributes to the overall activities of their research team/wider NIESR team as required.
  • Undertakes any other duties related to the job purpose which may be necessary to the work of the role.
  • Represents NIESR in a professional manner to stakeholders and all audiences.
  • Is flexible within the broad remit of the post.
  • Responsible for the health, safety, welfare of self, other members of staff and visitors.
  • Attends and participates in NIESR’s performance, development and training programme.
  • Abides by NIESR's organisational policies, codes of conduct and practices.
  • Provides support as required to the Director and the Chief Operating Officer.

Person Specification


  • Masters/PhD in economics or another relevant social science, or equivalent;
  • Knowledge of, and experience in applying, a range of research techniques and methodologies, in quantitative and econometric or qualitative approaches;
  • Experienced in relevant software packages eg. Eviews, Stata


  • Experience of delivering research projects using complex datasets.
  • Experience of project managing small research projects
  • Experience of leading on some, or elements of, research proposals.

Skills & Attributes

  • Excellent written English and strong communication skills;
  • Keen attention to detail and ability to drive the meeting of deadlines;
  • Highly motivated with the ability to manage own workload to allocate time efficiently;
  • Ability to work collaboratively and as part of a team, showing respect to colleagues at all levels of the organisation;
  • Strong project management skills;
  • Interest in real world economic and policy developments.
  • Strong critical thinking with the ability to process and challenge new information;
  • Ability to deliver funding proposals that win funding.