Policy In Action: The Macroeconomics Project

Thu 27 July 2017


8:00 Breakfast
8:45 Director’s Introduction and Academic Briefing
9:00 Macroeconomics Project Briefing  (Scott Livermore)
9:30 Project Tasks in Syndicates
12:30 Lunch
1:15 Project Tasks in Syndicates
2:30 Submission Deadline for Policies to 2015 Q2
3:15 Project Tasks in Syndicates
5:00 Submission Deadline for Policies to 2017 Q2
6:00 Syndicate Presentations
6:30 Macroeconomics Project Review  (Scott Livermore)
7:00 Course Directors Event


Whereas the tools of macroeconomic analysis give us insights into the behaviour of economic aggregates and the effect of policy, it is often difficult to understand the magnitude of effects and the time scale over which they operate. The aim of the Macroeconomics Project is to fill this gap. Syndicates are equipped with a PC-based version of a full-blown economic forecasting model and are able to vary policy instruments. Economic and political objectives are specified, and the aim is for syndicates to propose, explain and implement policies aimed at fulfilling these objectives. This is very much a “hands on” project day, in which syndicate members are able to fully understand the macroeconomic forces that  face real-world policymakers. The model used is not a toy or a stylized representation; its parameters are estimated based on up-to-date macroeconomic data.

Scott Livermore – Oxford Economics Ltd

Scott Livermore is the Managing Director of Macro Consulting at Oxford Economics Ltd and the COO at Oxford Economics USA. Scott oversees the day-to-day running of Oxford Economics’ international macroeconomic forecasting services. This involves supervising Oxford Economics’ team of forecasters and taking a lead role in directing the outlook at a global level, while ensuring consistency between the individual country forecasts. After completing a degree in Philosophy, Politics and Economics at St. Edmund Hall, Oxford University and a M.Sc. in Economics at University College London, Scott joined Oxford Economic Fore- casting in 1997, where he previously filled the roles of senior economist and country analyst for a number of European countries and participated in numerous consultancy projects for a variety of international organisations (including the World Bank, IMF and EC), governments and multi-national companies.