Staff Biography

Biography:

Current Areas of Research:

Education:

• PhD in Economics, University of Cambridge, 2002-2007
• MPhil in Economics, University of Cambridge, 2001-2002

Awards:

• Economic and Social Research Council (ESRC), Principal Investigator, Grant RES-000-22-3112, £101,480, “International Trade Integration: New Methods and New Data” 2008-2010, Co-Investigators: David Jacks (Simon Fraser University) and Christopher Meissner (UC Davis)
• Winner, University Public Engagement Award 2014, for “The House of Lords and the Transatlantic Trade and Investment Partnership (TTIP)”, Faculty of Social Sciences, University of Warwick, July 2014

Affiliations/Professional activities with other institutions:

• Centre for Economic Policy Research (CEPR) - Research Fellow
• CESifo Institute, Munich (Global Economy) - Research Fellow
• Centre for International Macroeconomics and Finance (CIMF), University of Cambridge - Affiliate Member

Selected Publications:

• "Trade Costs, 1870-2000." American Economic Review 98(2), Papers & Proceedings, May 2008, pp. 529-534 (with David Jacks and Chris Meissner).
  
  
• "Trade Booms, Trade Busts, and Trade Costs." Journal of International Economics 83(2), March 2011, pp. 185-201 (with David Jacks and Chris Meissner).
  
  
• "International Trade without CES: Estimating Translog Gravity." Journal of International Economics 89(2), March 2013, pp. 271-282.
  
  

CEP Publications

CEP discussion paper
Exchange Rates and Consumer Prices: Evidence from Brexit Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson
December 2019
Paper No' CEPDP1667:
Read Abstract | Full Paper

JEL Classification: E31; F15; F31

Tags: brexit; exchange rate pass-through; import costs; inflation

CEP discussion paper
Voting With Their Money: Brexit and Outward Investment by UK Firms Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson
July 2019
Paper No' CEPDP1637:
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JEL Classification: F15; F21; F23

Tags: brexit; foreign direct investment; synthetic control method

CentrePiece article
In brief...Brexit and outward investment by UK firms Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson
July 2019
Paper No' CEPCP552:
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CentrePiece 24 (2) Summer 2019

Tags: brexit; investment; firms

This article summarises 'Voting with their Money: Brexit and Outward Investment by UK Firms' by Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson, CEP Brexit Analysis No. 13

CEP discussion paper
Vehicle Currency Pricing and Exchange Rate Pass-Through Natalie Chen, Wanyu Chung and Dennis Novy
June 2019
Paper No' CEPDP1624:
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JEL Classification: F14; F31; F41

Tags: cpi; dollar; euro; exchange rate pass-through; inflation; invoicing; sterling; uk; vehicle currency pricing

CEP discussion paper
Trade Blocs and Trade Wars during the Interwar Period David S. Jacks and Dennis Novy
May 2019
Paper No' CEPDP1620:
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JEL Classification: F1; F3; N7

Tags: commonwealth; distance; gravity; interwar period; trade blocs; trade wars

CEP Brexit analysis
Voting with their Money: Brexit and Outward Investment by UK Firms Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson
February 2019
Paper No' CEPBREXIT13:
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| Technical Appendix

Tags: brexit; investment; firms

Journal article
The Economic Effects of Brexit: Evidence from the Stock Market Holger Breinlich, Elsa Leromain, Dennis Novy, Thomas Sampson and Ahmed Usman
December 2018
Paper No' :
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Tags: brexit; depreciation; event study; recession; stock market; tariffs;

Journal article
Market Potential and Global Growth over the Long Twentieth Century David S. Jacks and Dennis Novy
September 2018
Paper No' :
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Tags: economic geography; market potential; structural gravity; trade costs;

CEP discussion paper
The Economic Effects of Brexit - Evidence From the Stock Market Holger Breinlich, Elsa Leromain, Dennis Novy, Thomas Sampson and Ahmed Usman
September 2018
Paper No' CEPDP1570:
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JEL Classification: F15; F23; G14

Tags: brexit; depreciation; event study; recession; stock market; tariffs

CEP discussion paper
Market Potential and Global Growth over the Long Twentieth Century David S. Jacks and Dennis Novy
July 2018
Paper No' CEPDP1560:
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JEL Classification: F1; N7

Tags: economic geography; market potential; structural gravity; trade costs

CEP discussion paper
Currency Unions, Trade and Heterogeneity Natalie Chen and Dennis Novy
June 2018
Paper No' CEPDP1550:
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JEL Classification: F14; F15; F33

Tags: currency unions; euro; gravity; heterogeneity; trade costs; trade elasticity; translog

CEP Brexit analysis
The Brexit Vote, Inflation and UK Living Standards Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson
November 2017
Paper No' CEPBREXIT11:
Read Abstract | Press Release | Full Paper
| Technical Paper

Tags: brexit; economic uncertainty; trade; eu; inflation; uk living standards

CEP discussion paper
Who Voted for Brexit? A Comprehensive District-Level Analysis Sascha O. Becker, Thiemo Fetzer and Dennis Novy
April 2017
Paper No' CEPDP1480:
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JEL Classification: D72; N44; R23; Z13

Tags: political economy; voting; referendum; migration; austerity

CEP discussion paper
Estimating Border Effects: The Impact of Spatial Aggregation Cletus C. Coughlin and Dennis Novy
May 2016
Paper No' CEPDP1429:
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JEL Classification: F10; F15; R12

Tags: gravity; geography; borders; trade costs; heterogeneity; home bias; spatial attenuation; modifiable areal unit problem (maup)

CentrePiece article
TTIP: is free trade coming to the North Atlantic? Dennis Novy
January 2015
Paper No' CEPCP437:
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CentrePiece 19 (3) Winter 2015

Tags: transatlantic trade; globalisation; free trade; europe; usa

CEP discussion paper
Trade and Uncertainty Dennis Novy and Alan M. Taylor
May 2014
Paper No' CEPDP1266:
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JEL Classification: E3; F1

Tags: uncertainty shock; trade collapse; inventory; real options; imports; intermediates

CEP discussion paper
On the Measurement of Trade Costs: Direct vs. Indirect Approaches to Quantifying Standards and Technical Regulations Natalie Chen and Dennis Novy
September 2012
Paper No' CEPDP1164:
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JEL Classification: F10; F15

Tags: trade costs; nontariff measures; product standards; technical regulations; technical barriers to trade; measurement; gravity

CEP discussion paper
Is the International Border Effect Larger than the Domestic Border Effect? Evidence from U.S. Trade Cletus C. Coughlin and Dennis Novy
September 2012
Paper No' CEPDP1162:
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JEL Classification: F10; F15

Tags: international border; intranational home bias; domestic border; gravity; trade costs; distance

CEP discussion paper
Gravity Redux: Measuring International Trade Costs with Panel Data Dennis Novy
January 2012
Paper No' CEPDP1114:
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JEL Classification: F10; F15

Tags: trade costs; gravity; multilateral resistance; ricardian trade; heterogeneous firms

CEP discussion paper
International Trade Without CES: Estimating Translog Gravity Dennis Novy
December 2010
Paper No' CEPDP1031:
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JEL Classification: F11; F12; F15

Tags: translog; gravity; trade costs; distance; trade cost elasticity

CEP discussion paper
International Trade Integration: A Disaggregated Approach Natalie Chen and Dennis Novy
January 2009
Paper No' CEPDP0908:
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JEL Classification: F10; F15

Tags: trade integration; gravity; trade costs; multilateral resistance; industries; disaggregation; european union