| National Institute Of Economic And Social Research |
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The National Institute of Economic and Social Research (NIESR) is an independent research organisation located in the City Of Westminster , London . It was established in 1938 with funding from the Rockefeller Foundation , the Pilgrim Trust , the Leverhulme Trust and the Halley Stewart Trust . 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 , published quarterly in the ''National Institute Economic Review''. Forecasts are also published for various other OECD countries. Dr. Martin Weale, CBE, has been the Institute Director since 1995 , and Lord Burns has been President since 2003 . EXTERNAL LINKS
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