Job offer in london Economic Assistant to NIER’s Macroeconomic Modelling and Forecasting Team – 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 www.niesr.ac.uk

We are looking to recruit an Economic Assistant to join our Macroeconomic Modelling and Forecasting team on a fixed-term contract of 13 months. 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. The successful candidate will take responsibility for maintenance and upkeep of NiGEM’s historical database. There may be scope for the successful candidate to gain some experience in macromodelling and applied econometrics.

The position would be particularly suitable as work experience for recent graduates at the undergraduate or master’s level before going on to further post-graduate study.

Further Details

NIESR is Britain’s longest established independent economic research institute. It specialises in applied research, combining high academic standards with relevance to policy making.

NIESR’s Macroeconomic Modelling and Forecasting team maintains and develops a peer reviewed large-scale global econometric model, NiGEM (see here for details). The model is used to produce detailed quarterly macroeconomic forecasts with the output published in the National Institute Economic Review. Our model subscribers include many of the world’s major central banks and finance ministries and multi-lateral bodies such as the OECD. NiGEM is also often used for policy simulations in both applied and academic contexts. We have close links and engage regularly with both the academic and policy-making communities.

NIESR’s macroeconomic modelling and forecasting team has 11 members, and our view of the global economy is informed by the Institute’s widely-used global econometric model, NiGEM We are currently seeking to recruit an Economic Assistant to join our global macroeconomic modelling and forecasting team on a salary of £22,000 per annum. The post is offered as a 13 month fixed-term contract.

The successful candidate will take responsibility for maintenance and upkeep of NiGEM’s historical database, which is a vital component of NiGEM. The NiGEM database is provided to external model users as part of the NiGEM package and represents a key input into NIESR’s own forecast and model development work.

Key Responsibilities

Database maintenance and upkeep

  • Update macroeconomic and financial variables on the database of the global econometric model from a variety of sources.
  • Ensure that documentation of sources is up-to-date.
  • Check the validity of updates.
  • Find new sources for variables in support of model maintenance and development.
  • Support the development of the database as appropriate.

Macroeconomic modelling and forecasting

  • Provide data analysis and general research support to the Macroeconomic Modelling and Forecasting team.
  • Support the recruitment and retention of model subscribers.
  • Support with administrative tasks for research projects, including the dissemination of report findings.
  • Assist with team administration.

General

  • Undertake any other duties related to the job purpose which may be necessary to the work of the role and which support the general work of the Institute.
  • Represent NIESR in a professional manner to stakeholders and all audiences.
  • Be flexible within the broad remit of the post.
  • Be responsible for the health, safety, welfare of self, other members of staff and visitors.
  • Attend and participate in NIESR’s performance, development and training programme.
  • Abide by NIESR’s organizational policies, codes of conduct and practices.
  • Provide support as required to the Director of Macroeconomic Modelling and Forecasting, the Chief Operating Officer and the Director.

Required skills

  • Undergraduate degree in Economics, Econometrics or related field
  • Strong numerical skills
  • Keen attention to detail and ability to work to tight deadlines
  • Ability to work within a team
  • Expert knowledge of Excel.

Desirable skills

  • Experience of working with large datasets
  • An understanding of national accounts systems and statistics
  • Previous experience of using Datastream would be an advantage

The candidate will be appointed on a salary of £22,000. In addition NIESR will offer a contribution to an appropriate pension scheme.

To Apply

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: hr@niesr.ac.uk with the subject line ‘Economic Assistant Application’.

The covering letter must specify the approximate date you would be available to start work. We expect the role to commence in mid-August.

Closing date for applications is midday on 30 June 2017.
We intend to hold interviews between 5 July and 7 July inclusive.

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