The impact of new technologies is likely to define our future societies. The distinction between the actual and virtual worlds will become blurred and artificial intelligence (AI) and robots will play an increasingly important role in economic production, potentially replacing large numbers of workers.
Given this profound change you need to understand the economic implications in order to respond confidently. We are unique in our understanding of the different stages of the innovation cycle and the role of public sector funding because these elements are built in to our macroeconomic assessments.
Innovation blog posts
Global megatrends and how they impact climate scenario modelling
Global megatrends and how they impact climate scenario modelling
“It’s not what you don’t know that kills you, it’s what you know for sure that just ain’t true”, Mark Twain.
Economist Zsófi Kőműves on why long-term megatrends matter in the context of climate change policies.
How well can we measure the effect of low-carbon policie…
The impact of technological change on skills
The impact of technological change on skills
Terence Hogarth is Senior Advisor at Fondazione Giacomo Brodolini and has over 30 years’ experience of carrying out research on vocational education and training in the UK and the EU.
Terence is this month’s guest blogger and writes for us about the i…
How is the macroeconomic model E3ME different to a Computable General Equilibrium (CGE) model?
How is the macroeconomic model E3ME different to a Computable General Equilibrium (CGE) model?
The critics of macroeconomic modelling often refer to the models as ‘black boxes’, mystifying entities whereby data is input and a set of results come out at the other side – the inner workings of the model itself are opaque.
It’s important to us that our tools, their scope an…
Optimisation and simulation models – how, and when, to use them
Optimisation and simulation models – how, and when, to use them
Hector Pollitt argues that there is great value in economic modelling results provided that the right sort of tool is used for the policy question in hand.
I’m writing in response to a recent blog for Climate Strategies by Katy Roelich. Katy’s blog covers the complexity of i…
What is macroeconomic modelling? And why do we do it?
What is macroeconomic modelling? And why do we do it?
Hector Pollitt, our Head of Modelling, explores: what is macroeconomic modelling? And why do we do it?
“I am not a fan of economic models because they have all proven wrong.”* David Davis MP, Secretary of State for Exiting the EU, December 2017. Is this the case?…
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Department for Business, Energy and Industrial Strategy (BEIS)Cambridge Econometrics are not only knowledgeable about data and econometric techniques, but are also great at distilling complex ideas into manageable products. The team are very good to work with – there was clear communication and flexibility at every stage