The National Institute of Economic and Social Research, abbreviated to NIESR, is an independent research organisation located in the City of Westminster

City of Westminster

The City of Westminster is a London borough occupying much of the central area of London, England, including most of the West End. It is located to the west of and adjoining the ancient City of London, directly to the east of the Royal Borough of Kensington and Chelsea, and its southern boundary...

, London

London

London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

, England

England

England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...

. It was established in 1938 with funding from the Rockefeller Foundation

Rockefeller Foundation

The Rockefeller Foundation is a prominent philanthropic organization and private foundation based at 420 Fifth Avenue, New York City. The preeminent institution established by the six-generation Rockefeller family, it was founded by John D. Rockefeller , along with his son John D. Rockefeller, Jr...

, the Pilgrim Trust

Pilgrim Trust

The Pilgrim Trust is a London-based charitable trust. It was founded in 1930 by a two million pound grant by Edward Harkness, an American philanthropist. The trust's first secretary was former civil servant, Thomas Jones....

, the Leverhulme Trust

Leverhulme Trust

The Leverhulme Trust was established in 1925 under the will of the First Viscount Leverhulme, William Hesketh Lever, with the instruction that its resources should be used to support "scholarships for the purposes of research and education."...

 and the Halley Stewart Trust. It is Britain's longest established independent economic research institute. The most important output of NIESR has been a macroeconomic model of the UK economy which is used to produce forecasts of the UK economy

Economy

An economy consists of the economic system of a country or other area; the labor, capital and land resources; and the manufacturing, trade, distribution, and consumption of goods and services of that area...

, published quarterly in the National Institute Economic Review

National Institute Economic Review

The National Institute Economic Review is a British economics academic journal that is published quarterly by SAGE Publications on behalf of the National Institute of Economic and Social Research. The journal principally focuses on modelling and analysis, education economics, productivity, and...

. Forecasts are also published for various other OECD countries. Dr. Martin Weale

Martin Weale

Dr. Martin R. Weale CBE is a British economist. On 5 July 2010 it was announced that he would join the Bank of England's Monetary Policy Committee, replacing Kate Barker. Since 1995, he has also held the position of director at the National Institute of Economic and Social Research...

, CBE, has been the Institute Director since 1995, and Lord Burns has been President since 2003.

External links

• National Institute of Economic and Social Research official site