Job offer in london Principal Economist at 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 policymaking. Further information about NIESR is available at 

We are looking to recruit an experienced applied economist or econometrician at Principal Economist level 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 forecastings 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 twelve led by the Director of Macroeconomic Modelling and Forecasting, Dr Garry Young. The main role of the post holder will be to use excellent applied macroeconomics skills to help develop the Institute’s modelling capability. This will involve leading work to improve the empirical foundations of NiGEM as well as helping to develop sectoral and regional models of the United Kingdom. They will also play a key role in producing the Institute’s global forecasts using NiGEM.
Some of the work is based around our quarterly forecast and publication dates, and so a willingness to work flexibly and overextended hours is required.

To Apply

The post is a full-time role. The salary range for a Principal Economist is £45,000-£65,000. We are seeking candidates who could join at any time during the coming 6-12 months. We would welcome applications from candidates on secondment from public sector organisations or universities.

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 ‘YOUR NAME – Economist/Senior Economist Application’. The covering letter must specify the approximate date you would be available to start work. Applications without a covering letter will not be considered.

Closing date for applications is midday on 16th January 2019. We intend to hold interviews on w/c 21st January 2019. Due to the large number of applications we usually receive, only shortlisted applicants will be contacted.

Job Description

Main Purposes of the Job:

Leads, designs and carries out model development, forecasting and research; develops areas of expertise; leading on research projects.

Key Responsibilities:

Under the supervision of the Director for Macroeconomic Modelling and Forecasting:

Research Projects

  • Leads the design of research projects/models.
  • Prepares and drafts research bids.
  • Prepares and conducts research using appropriate methodology.
  • Delivers research activities.

Modelling and Forecasting

  • Updates and refines country models.
  • Develops models as appropriate.
  • 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

Builds and maintains good relationships with commercial clients and prospects.

Project Management and Reporting

  • Drafts progress reports on research for funders as required.
  • Reviews summary findings from junior colleagues.
  • Leads on self-directed research 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 coordinate the activities of 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, the 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 in delivering research projects using complex datasets.
  • Experience in project managing research projects
  • Experience in leading, 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;
  • Keen 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.


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