The year 2025 was unprecedented in the frequency, complexity, and volatility of US trade policy interventions. This column uses a new database tracking US tariff announcements during the year to show ...

Recorded at the CEPR Paris Symposium at Sciences Po on Tuesday 9th December 2025. Panel: How does growth fit with development policies? Moderated by Doug Gollin (Tufts University and CEPR) Panellists: Megan O’Donnell (Gates Foundation) Dennis Novy (Chief Economist, UK FCDO, University of Warwick and CEPR) Justin Sandefur (Open Philanthropy)

Dennis Novy, chief economist and director of analysis at the UK Foreign, Commonwealth and Development Office, joins OMFIF to discuss Britain’s global economic position as a place for trade, investment...

YouTube video by British International Investment

Congratulations to CEPR Research Fellow Dennis Novy for his appointment as Chief Economist and Director of Analysis at the Foreign, Commonwealth & Development Office (FCDO)

Professor Dennis Novy from the University of Warwick's Department of Economics has taken up his role as Chief Economist and Director of Analysis at the UK Foreign, Commonwealth & Development Office (FCDO).

Congratulations to CAGE Impact Director, Dennis Novy who has been appointed as Chief Economist and Director of Analysis at the Foreign, Commonwealth & Development Office (FCDO).

In 2018 and 2019, the US administration hiked tariffs on imports from China. Research shows that imports from Mexico filled the gap, resulting in more employment and higher wages in the Mexican…

The US dollar has traditionally dominated the invoicing of international trade. But could other currencies one day replace it? This column examines a unique policy experiment in Argentina in 2023. Amid a severe dollar shortage, Argentina expanded its currency swap agreement with the People’s Bank of China. The share of imports from China invoiced in renminbi surged rapidly from zero to nearly 50%, displacing the US dollar. Using rich firm-level data on trade and banking, the authors show that lack of dollar availability and connections with a Chinese state-owned bank played a key role in promoting renminbi use.

Abstract. We offer a new explanation as to why international trade is so volatile in response to economic shocks. Our approach combines the idea of uncertainty shocks with international trade. Firms o...

(Forthcoming Article) - In trade models with scale economies import liberalization reduces exports within industries by shrinking real market potential. We find this export destruction mechanism reduc...

Victor Norman, a prominent Norwegian economist and leading figure in international economics passed away last year.

Podcast Episode · The Economics Show · 20/01/2025 · 43m

Larger companies have adapted to red tape at the border, according to London School of Economics research