Models
Oxford Economics' forecasts are prepared using our own suite of econometric models. These models provide a rigorous, fully-linked, consistent structure for our analysis and allow the implications of alternative scenarios and policy developments to be readily analysed at a macro, sectoral and regional level.
We make all of our models available to our clients to produce their own forecasts and scenarios. Our user-friendly software makes it easy to quantify the impact of alternative assumptions about oil prices, interest and exchange rates, fiscal policy and a wealth of other economic drivers. And our economists are on-hand by telephone, email and in regular training workshops to provide advice and help in using the model.
In addition, Oxford Economics can provide consultancy support to clients who wish to take advantage of our models but do not have the time to run them in-house. This includes producing forecasts based on your underlying assumptions, analysing risk scenarios and developing bespoke models for particular markets or sectors.
Global Macro Model
The Oxford Global Model is the most widely used commercial international macroeconometric model. Users include the IMF, World Bank, Asian Development Bank, as well as a wide range of government departments, central banks and blue-chip companies around the world.
The Oxford Global Model covers 45 economies in detail and provides headline forecasts for another 35 countries. It provides a rigorous and consistent structure for forecasting, and allows the implications of alternative global scenarios and policy developments to be readily analysed. Our Model Overview provides a detailed description of the Global Model and a range of illustrative simulations.
Our user-friendly software makes it easy to use the Oxford Global Model to quantify the impact of alternative assumptions about a wealth of other economic drivers. Key questions the Model has been used to address include:
- The impact of high oil prices on the global economy?
- Why global real interest rates are so low?
- The implications of a revaluation of the Renmimbi?
- The implications of a UK housing market crash?
The Oxford Global Model is updated each month, taking on board all of the latest economic data and providing a new baseline forecast five years ahead. Once a quarter we also produce a forecast looking 10 years ahead.
Our economists are on-hand by telephone, email and in regular training workshops to provide advice and help in using the model.
Global Industry Model
The Oxford Global Industry Model provides a rigorous and consistent framework for analysing global economic scenarios and their implications for different sectors. With detail on 70 industrial and commercial sectors in over 70 countries, the Model can been used to address questions such as:
- What would be the sectoral implications of oil prices hitting $100 pb?
- How will cutbacks in the US motor industry affect other sectors?
- Which sectors are most sensitive to increases in interest rates?
- How would a revaluation of the Chinese currency affect the competitiveness of western industry?
- Which sectors would be most at risk from an Avian flu epidemic?
The Oxford Global Industry Model is updated quarterly, taking on board all of the latest macroeconomic and sectoral data and providing a new baseline forecast 10 years ahead. Our Model Overview provides a detailed description of the Model and a range of illustrative simulations.
Our user-friendly software makes it easy to quantify the impact of alternative assumptions on your sector. And our economists are on-hand by telephone, email and in regular training workshops to provide advice and help in using the model.
UK Regional Model
Our UK Regional Model (produced in conjunction with our partners, Regional Forecasts) quantifies the implications of macro and sectoral developments for each of the 12 UK Government Office Regions. Key questions it can be used to address include:
- How would a housing market crash affect different regions?
- How would the collapse of a major company (eg Rover) affect its local economy?
- How is migration affecting the regional pattern of UK growth?
- To what extent is the success of the London economy a spur to, or drag on, growth in the rest of the UK?
The Oxford UK Regional Model is updated every six months, taking on board all of the latest macroeconomic, sectoral and regional data and providing a new baseline forecast 10 years ahead. Our Model Overview provides a detailed description of the Model and a range of illustrative simulations.
Our user-friendly software makes it easy to quantify the impact of alternative assumptions on your sector. And our economists are on-hand by telephone, email and in regular training workshops to provide advice and help in using the model.
In addition, Oxford Economics has a range of detailed local area economic models, which can be used to analyse in detail the impact of, for example, new investment proposals and local policy initiatives.
Bespoke Models
Oxford Economics provides a range of bespoke models to clients to answer key business and policy questions. These include:
- Investment appraisal models (eg for new investments in infrastructure, assessing the effectiveness of advertising)
- Forecasting product market sales at a very detailed level (eg for machine tools, forklift trucks, beer, newspaper advertising)
- Analysing risks to sales revenues across countries (eg for the pharmaceuticals industry, taking into account macro, government budget and market-specific risks)
- Macroeconomic models to assist governments with their budget tax forecasting and in advising on the impact of fiscal policy change.
As well as developing such models, Oxford Economics provides consultancy in their use to support strategic policy decisions.
Scenario Analysis
Oxford Economics is uniquely placed to provide rigorous, quantitative analysis of global economic scenarios and risks. Our suite of models provides the ideal framework in which we can explore issues such as:
- What would be the implications of oil prices hitting $100 pb?
- How would a revaluation of the Chinese currency affect the world economy?
- How damaging would an Avian flu epidemic be?
- Is the US housing market overvalued and what if it crashes?
- What would be the implications of trade liberalisation for the EU?
As well as advising on the implications of such risks and their likelihood, we are also able to offer tailored advice on their implications for your markets and your business.
User-friendly Software
All of our models are delivered with our user-friendly software. This makes it very easy to:
- Change assumptions for key economic variables to produce new forecasts or economic scenarios
- Add new variables and equations to our models
- Produce presentation-quality graphics
- Download data from the Oxford Economics models into spreadsheets and other data-handling packages
- Build your own economic models
Our software user-guide takes you step-by-step through how to use our models to produce your own forecasts and scenarios. And our economists are on-hand by telephone, email and in regular training workshops to provide advice and help in using the model.
Training and Workshops
We offer regular hands-on workshops and seminars to teach you how to make the most of the analytical power of the Oxford Models. Forthcoming workshops include:
Friday, 12 September 2008 (London, Fleet Street) ; Covering: Workshop;
Global Macro Model Workshop
Friday, 7 November 2008 (London, Fleet Street) ; Covering: Workshop;
UK Macro Model Workshop
