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An economist is a professional and practitioner in the social science discipline of economics.
Lawrence Robert Klein was an American economist. For his work in creating computer models to forecast economic trends in the field of econometrics in the Department of Economics at the University of Pennsylvania, he was awarded the Nobel Memorial Prize in Economic Sciences in 1980 specifically "for the creation of econometric models and their application to the analysis of economic fluctuations and economic policies." Due to his efforts, such models have become widespread among economists. Harvard University professor Martin Feldstein told the Wall Street Journal that Klein "was the first to create the statistical models that embodied Keynesian economics," tools still used by the Federal Reserve Bank and other central banks.
Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for specific sectors of the economy or even specific firms. Economic forecasting is a measure to find out the future prosperity of a pattern of investment and is the key activity in economic analysis. Many institutions engage in economic forecasting: national governments, banks and central banks, consultants and private sector entities such as think-tanks, companies and international organizations such as the International Monetary Fund, World Bank and the OECD. A broad range of forecasts are collected and compiled by "Consensus Economics". Some forecasts are produced annually, but many are updated more frequently.
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) is a federal research branch of the Australian Government Department of Agriculture, Water and the Environment, located in Canberra, Australia. ABARES was established on 21 August 1945 as the Bureau of Agricultural Economics (BAE), and is also involved in commercial consultancy. It was merged with the Bureau of Rural Sciences (BRS) in 2010. The main role of ABARES is to provide "professionally independent data, research, analysis and advice that informs public and private decisions affecting Australian agriculture, fisheries and forestry”. ABARES maintains the AgSurf database which includes farm survey data on farm performance, production benchmarks, farm management, socioeconomic indicators relating to the grains, beef, sheep and dairy industries in Australia. ABARES has received funding from business and industry groups. ABARES' website notes that "Over half of ABARES' external revenue is derived from commercial consulting work."
Articles in economics journals are usually classified according to JEL classification codes, which derive from the Journal of Economic Literature. The JEL is published quarterly by the American Economic Association (AEA) and contains survey articles and information on recently published books and dissertations. The AEA maintains EconLit, a searchable data base of citations for articles, books, reviews, dissertations, and working papers classified by JEL codes for the years from 1969. A recent addition to EconLit is indexing of economics journal articles from 1886 to 1968 parallel to the print series Index of Economic Articles.
The Mercatus Center is an American libertarian, free-market-oriented non-profit think tank. The Mercatus Center is located at the George Mason University campus, however the organization is privately funded and its employees are independent of the university. It is directed by Daniel M. Rothschild and its board is chaired by American economist Tyler Cowen. The Center works with policy experts, lobbyists, and government officials to connect academic learning with real-world practice. Taking its name from the Latin word for market, the center advocates free-market approaches to public policy. During the George W. Bush administration's campaign to reduce government regulation, The Wall Street Journal reported, "14 of the 23 rules the White House chose for its 'hit list' to eliminate or modify were Mercatus entries".
The German Institute for Economic Research, or, more commonly DIW Berlin, is a economic research institute in Germany, involved in basic research and policy advice. It is a non-profit academic institution, financed with public grants from the Berlin Senate Department for Economics, Technology and Research and the Federal Department for Economics and Technology. DIW Berlin was founded in 1925 as the Institute for Business Cycle Research and was later renamed.
The Kiel Institute for the World Economy is an independent, non-profit economic research institute and think tank based in Kiel, Germany. In 2017, it was ranked as one of the top 50 most influential think tanks in the world and was also ranked in the top 15 in the world for economic policy specifically. German business newspaper, Handelsblatt, referred to the institute as "Germany's most influential economic think tank", while Die Welt, stated that "The best economists in the world are in Kiel".
Founded in 1986 as the Jerome Levy Economics Institute, the Levy Economics Institute of Bard College is a nonprofit, nonpartisan public policy think tank. The purpose of its research and other activities is to enable scholars and leaders in business, labor, and government to work together on problems of common interest. Its findings are disseminated—via publications, conferences, seminars, congressional testimony, and partnerships with other nonprofits—to a global audience of public officials, private sector executives, academics, and the general public. Through this process of scholarship, analysis, and informed debate, the Levy Institute generates public policy responses to economic problems.
Institute of Economics, Academia Sinica is an economic research organizations in Taiwan. Early in its history, it focused on local issues, and later, expanded to explore more theoretical issues.
The UCF Institute for Economic Forecasting (IEF) is an economic research institute of the College of Business Administration at the University of Central Florida located in Orlando, Florida, United States. The director of the institute is Sean Snaith.
The National Association for Business Economics (NABE) is the largest international association of applied economists, strategists, academics, and policy-makers committed to the application of economics. Founded in 1959, it is one of the member organizations of the Allied Social Science Associations. According to the association's website, "NABE's mission is to provide leadership in the use and understanding of economics.".
Mariana Francesca Mazzucato is an economist with triple Italian–American-British citizenship. She is a professor in the Economics of Innovation and Public Value at University College London (UCL) and founding director of the UCL Institute for Innovation and Public Purpose (IIPP). She is best known for her work on dynamics of technological change, the role of the public sector in innovation, and the concept of value in economics. The New Republic have called her one of the "most important thinkers about innovation".
The Center for Automotive Research (CAR) is a nonprofit research organization based in Ann Arbor, Michigan that conducts research, forecasts trends, develops new methodologies, and advises on public policy.
The Austrian Institute of Economic Research is a private non-profit association located in Vienna, Austria.
The Institute for Economics and Forecasting of the National Academy of Sciences of Ukraine, formerly the Institute for Economic Forecasting is a public institution for research in economics and forecasting. The Institute was established by the decree of Cabinet of Ministers of Ukraine and the decree of the Presidium of NAS of Ukraine with the purpose to ensure the elaboration of strategic forecasts and programs of socio-economic development of Ukraine.
Igor Yegorov is a Ukrainian economist, Sc.D. in Economics, Deputy Director of the Institute for Economics and Forecasting of the National Academy of Sciences of Ukraine, and Professor at the Faculty of Economics at the Taras Shevchenko National University of Kyiv. Until 2013 he was the Head of Department for Systemic Studies of S&T Potential at G.M. Dobrov Center for Scientific and Technological Potential and Science History Studies of the NAS of Ukraine. He is a member of the Academic Council of Scientific and Technical Complex for Statistical Research of the State Statistics Service of Ukraine.
Med Jones is an American economist. He is the president of International Institute of Management, a U.S. based research organization. His work at the institute focuses on economic, investment, and business strategies.
The Centre for Economics and Business Research (Cebr) is an economic consultancy based in London, United Kingdom.
References
- ↑ "About NIEIR – National Institute of Economic and industry Research" . Retrieved 2023-08-02.
- ↑ "About NIEIR – National Institute of Economic and industry Research" . Retrieved 2023-08-02.
