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The National Institute of Economic and Social Research (NIESR) is a research organisation and think-tank located in the City of Westminster, London, England. It was established in 1938 with funding from the Rockefeller Foundation, the Pilgrim Trust, the Leverhulme Trust and the Halley Stewart Trust. It is Britain's longest established independent economic research institute. 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.
In January 2012, the NIESR rejected Migration Watch UK's assertion that young Eastern European migrants were responsible for Britain's high unemployment rate, suggesting the real problem was the recession and lack of jobs.
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