A new research centre at the University of Ulster will be tasked with taking the temperature of the Northern Ireland economy.
The Northern Ireland Centre for Economic Policy (NICEP) will be based at the Ulster Business School and has been funded by the Department of Enterprise and the First Trust Bank, amongst others. The university, which is recruiting for the post of director, said the centre will assess the state of the economy and inform and critique Northern Ireland Executive policies.
Ulster's Vice Chancellor Professor Richard Barnett, who chaired The Independent Review of Economic Policy for Enterprise, Trade and Investment commissioned by Minister Arlene Foster, said the centre would both challenge and inform decision makers.
"NICEP represents an exciting new chapter in the history of the Ulster Business School which has had a very strong regional presence as an innovative and dynamic business school," he said.
The centre will produce a periodic economic survey reporting on the state of the Northern Ireland economy and forecasting likely future performance.
Staff will also contribute to the teaching of economics.