My research relates mainly to the UK economy. Early in my career, while at the Bank of England, I was focused on banking, markets and short-termism. In recent years I’ve been looking at prices and inflation, productivity and wages, and trade. Selected policy and academic papers are listed below.
Papers
Davies, R and Hellings, J (2025), “Britain’s trade challenge: tracking the costs in real time”, National Institute Economic Review. February.
Davies, R, and McEvoy, F (2024), “Faster, bigger, cheaper: how AI can improve UK price data”. Economics Observatory, May.
Davies, R (2024). “The Bernanke Review”, in Responses From Bank of England Watchers, Compendium of Essays, King’s College London.
Davies, R and Kelly, G (2023), [Paper series, editors] “Navigating Change: Lessons from Abroad and History”, The Economy 2030 Inquiry, Resolution Foundation.
Davies, Hamdan and Thwaites (2023), “Ready for change: How and why to make the UK economy more dynamic”, The Economy 2030 Inquiry, Resolution Foundation.
Bakker, J D (2022), Datta, N; Davies, R and De Lyon, J, “Non-tariff barriers and consumer prices: Evidence from Brexit”, Centre for Economic Performance, November.
Davies, R (2021), “Prices and inflation in the UK – A new dataset”, Centre for Economic Performance, Occasional Paper 55, February.
Davies, R (2021), “Prices and inflation in a Pandemic – A Micro Data Approach”, Centre for Economic Performance, Covid-19 Analysis Series. February.
Besley, T and Davies R (2019), “Formulating industrial policy”, National Institute Economic Review, October.
Bernick A, Davies, R and Valero A (2017), “Industry in Britain, An Atlas”, Centre for Economic Performance, Special Paper 34.
Davies, R and Tracey, B (2014), “Too Big to Be Efficient? The Impact of Implicit Subsidies on Estimates of Scale Economies for Banks”, Journal of Money, Credit and Banking, 46: 219–253.
Davies, R, Haldane, A. G., Nielsen, M and Pezzini, S. (2014), “Measuring the costs of short-termism”, Journal of Financial Stability, 12, issue C, pp 16-25.
Davies, R (2014), “A Short History of Banking Crisis and Reform”, in Capital Failure: Rebuilding Trust in Financial Services, Oxford University Press.
Davies, R and Haldane, A. G. (2011), The Short Long, Bank of England, May.
Davies, R et al (2010), “Evolution of the UK Banking System”, Bank of England Quarterly Bulletin, vol. 50(4), pp 321-332.
