Carbon tax could temporarily raise inflation and lower GDP in most OECD economies, NIESR study shows

Climate change policies such as carbon taxes and emissions trading schemes (ETSs) have become key policy tools to reduce greenhouse gas (GHG) emissions and limit global temperature increases. Using the National Institute Global Macroeconomic Model (NiGEM) we illustrate the expected macroeconomic fallout from a sharp and unexpected rise in the price of carbon.

NIESR’s Response to the Autumn Budget and Spending Review 2021

Our response to Chancellor Rishi Sunak's  Autumn Budget and Spending Review delivered on Wednesday 27 October 2021. 

We look at:

Research Briefing - Early Years Settings and the COVID-19 Pandemic

This research briefing provides an overview of findings from a survey of early years settings carried out between September and October 2020.  The survey was designed through a collaboration between researchers and practitioners to try and understand the impact of the pandemic on early years providers. The findings presented here will be of interest to practitioners, researchers and policy makers.

Statement re House of Commons Treasury Committee Report

Economic impact of the coronavirus: Gaps in support

NIESR welcome the report from the House of Commons Treasury Committee and particularly the recognition given to the plight of new starters. The evidence presented in the report reflects our own assessment of the situation, published in a recent open letter by Claudine Bowyer-Crane and Adrian Pabst.

Claudine Bowyer-Crane, Associate Research Director for Employment and Social Policy, said:

Summary of NIESR forecasts ahead of key Bank of England report


Ahead of the Bank of England’s MPC meeting and quarterly monetary policy report on Thursday, here below a summary of key points outlined in our latest analysis for the UK and global economy, available in full here.

A Switch to Active Fiscal Policy: NIESR Response to Budget 2020

On Wednesday 11th March 2020, Chancellor Rishi Sunak delivered his first Budget only 27 days after being appointed. The Chancellor delivered this first, post-Brexit Budget for this Government, which has a strong mandate after its comprehensive election victory in December that should be strong enough to implement a strategy for reform over the whole of this parliament.

The opening section of this analysis provides an overview and response to the 2020 Budget, followed by comments on the following topics before concluding:

Can Budget 2020 Deliver Growth?


On Wednesday 11th March, Chancellor Rishi Sunak will deliver his first Budget only 27 days after being appointed. The Chancellor will deliver his Budget as part of a Government with a strong mandate after its comprehensive election victory in December. We can therefore expect him to use this Budget to set an agenda for the next five years. It is neither a pre-election Budget nor against the uncertainty of whether we will leave the EU.