Improving policy-relevant analysis in the UK, Europe and USA through novel macroeconometric methods

Impact: Economic and commerce, Policy and legislation

Description of impact

Financial institutions and government bodies have used the macroeconometric methods created by Strathclyde researchers to enhance regional and national policymaking in the UK, Europe and the USA. The new methods produced more accurate and timelier estimates of macroeconomic variables, including regional economic activity and inflation. Applications of the methods have strengthened the economic analysis undertaken by the UK Office for National Statistics, Scottish Fiscal Commission, Bank of England, European Central Bank, European Commission and US Federal Reserve Banks. Decision-making within and beyond these bodies has been informed. Aspects of the research also augmented economic analysis and commentary disseminated to stakeholders and the public by global businesses (e.g. PricewaterhouseCoopers) and media outlets (e.g. Financial Times).
Impact statusClosed
Impact date2014 → Dec 2020
Category of impactEconomic and commerce, Policy and legislation
Impact levelBenefit

Keywords

  • REF2021 Impact Case

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