![Huw Dixon](https://profiles-cardiff.imgix.net/attachments/81?w=200&h=200&auto=format&crop=faces&fit=crop&q=90")
Yr Athro Huw Dixon
Professor of Economics
- Ar gael fel goruchwyliwr ôl-raddedig
Trosolwyg
In addition to editorial involvement with the Review of Economic Studies, the Journal of Industrial Economics and the Controversies section in The Economic Journal, I have authored more than sixty papers in research journals and books.
My research areas include the macroeconomics of imperfect competition, oligopoly theory, learning and bounded rationality.
I have been a member of the Council of the Royal Economic Society and the CEPR, and am currently a member of the CESifo network. I received my PhD from Oxford University in 1985 under the supervision of Nobel Laureate Sir James Mirrlees, and was a Professor at York from 1992 until I came to Cardiff in 2006.
Cyhoeddiad
2025
- Dixon, H. 2025. The challenges to economic measurement arising from inflation in the post-pandemic world. Presented at: 2024 Deane- Stone Lecture, London, UK, 20 June 2024.
2024
- Dixon, H., Kosma, T. and Petroulas, P. 2024. Explaining the endurance of price level differences in the euro area. Open Economies Review (10.1007/s11079-024-09794-1)
- Dixon, H. and Chowdhury, A. U. 2024. Measuring inflation during the Pandemic with the benefit of hindsight. Open Economies Review (10.1007/s11079-024-09776-3)
2023
- Dixon, H., Franklin, J. and Millard, S. 2023. Sectoral shocks and monetary policy in the United Kingdom. Oxford Bulletin of Economics and Statistics 85(4), pp. 805-829. (10.1111/obes.12541)
- Chowdhury, A. U. and Dixon, H. 2023. Energy expenditures and CPI inflation in 2022: Inflation was even higher than we thought. Project Report. [Online]. London: National Institute of Economic and Social Research. Available at: https://www.niesr.ac.uk/wp-content/uploads/2023/07/DP-550.pdf
- Chowdhury, A. U. and Dixon, H. 2023. Measuring inflation during the pandemic with the benefit of hindsight. Working paper. Cardiff: Cardiff Business School. Available at: http://carbsecon.com/wp/E2023_17.pdf
- Dixon, H., Kosma, T. and Petroulas, P. 2023. Εxplaining the endurance of price level differences in the euro area. Project Report. [Online]. Bank of Greece. Available at: https://www.bankofgreece.gr/Publications/Paper2023319.pdf
- Dixon, H. 2023. What does the latest rise in interest rates tell us about the UK economy?. [Online]. Economics Observatory: Economics Observatory. Available at: https://www.economicsobservatory.com/what-does-the-latest-rise-in-interest-rates-tell-us-about-the-uk-economy
- Dixon, H., Kosma, T. and Petroulas, P. 2023. Endogenous frequencies and large shocks: Price setting in Greece during the crisis. Project Report. [Online]. Athens: Bank of Greece. Available at: https://www.bankofgreece.gr/Publications/Paper2023312.pdf
2022
- Dixon, H. D. and Grimme, C. 2022. State-dependent or time-dependent pricing? New evidence from a monthly firm-level survey: 1980-2017. European Economic Review 150, article number: 104319. (10.1016/j.euroecorev.2022.104319)
- Dixon, H. 2022. How are rising energy prices affecting the UK economy?. [Online]. Economics Observatory: Economics Observatory. Available at: https://www.economicsobservatory.com/how-are-rising-energy-prices-affecting-the-uk-economy
- Dixon, H., Patel, U. and Low, H. 2022. Inflation and public finances.. In: Bejarano Carbo, P. et al. eds. National Institute UK Economic Outlook Autumn 2022. NIESR, pp. 14-22.
- Dixon, H. 2022. How does inflation affect the economy when interest rates are near zero?. [Online]. Economics Observatory: Economics Observatory. Available at: https://www.economicsobservatory.com/how-does-inflation-affect-the-economy-when-interest-rates-are-near-zero
- Tian, M. and Dixon, H. 2022. The variances of non-parametric estimates of the cross-sectional distribution of durations. Econometric Reviews 41(10), pp. 1243-1264. (10.1080/07474938.2022.2114623)
2021
- Dixon, H. 2021. A brief history of imperfect competition. CPI Antitrust Chronicle
- Dixon, H., Franklin, J. and Millard, S. 2021. Sectoral shocks and monetary policy in the United Kingdom. Cardiff Business School. Available at: http://carbsecon.com/wp/E2021_10.pdf
- Aloi, M., Dixon, H. and Savagar, A. 2021. Labor responses, regulation and business churn. Journal of Money, Credit and Banking 53(1), pp. 119-156. (10.1111/jmcb.12694)
2020
- Dixon, H., Luintel, K. and Tian, K. 2020. The impact of the 2008 crisis on UK prices: what we can learn from the CPI microdata. Oxford Bulletin of Economics and Statistics 82(6), pp. 1322-1341. (10.1111/obes.12373)
- Dixon, H., Easaw, J. and Heravi, S. 2020. Forecasting inflation gap persistence: do financial sector professionals differ from non-financial sector ones?. International Journal of Finance and Economics 25(3), pp. 461-474. (10.1002/ijfe.1762)
- Dixon, H. 2020. Will CPIH inflation understate inflation for April 2020?. [Online]. www.niesr.ac.uk/blog: National Institute of Economic and Social Research. Available at: https://www.niesr.ac.uk/blog/will-cpih-inflation-understate-inflation-april-2020
- Dixon, H. 2020. The measurement of inflation during the lockdown: a trial calculation. Working paper. National Institute of Economic and Social Research. Available at: https://www.niesr.ac.uk/publications/measurement-inflation-during-lockdown-trial-calculation
- Dixon, H. 2020. Almost-maximization as a behavioral theory of the firm: Static, dynamic and evolutionary perspectives. Review of Industrial Organization 56, pp. 237-258. (10.1007/s11151-019-09727-0)
- Savagar, A. and Dixon, H. 2020. Firm entry, excess capacity and endogenous productivity. European Economic Review 121, article number: 103339. (10.1016/j.euroecorev.2019.103339)
2019
- Zhou, P. and Dixon, H. 2019. The determinants of price rigidity in the UK: Analysis of the CPI and PPI microdata and application to macrodata modelling. Manchester School 87(5), pp. 640-677. (10.1111/manc.12263)
2017
- Dixon, H. D. and Tian, K. 2017. What we can learn about the behavior of firms from the average monthly frequency of price-changes: An application to the UK CPI data. Oxford Bulletin of Economics and Statistics 79(6), pp. 907-932. (10.1111/obes.12173)
2016
- Dixon, H. and Pourpourides, P. 2016. On imperfect competition with occasionally binding cash-in-advance constraints. Journal of Macroeconomics 50, pp. 72-85. (10.1016/j.jmacro.2016.09.002)
2014
- Dixon, H. and Bhattarai, K. 2014. Equilibrium unemployment in a general equilibrium model with taxes. The Manchester School 82(Supp 1), pp. 90-128. (10.1111/manc.12066)
- Dixon, H., Luintel, K. and Tian, K. 2014. The impact of the 2008 crisis on UK prices: what we can learn from the CPI microdata. Working paper. Cardiff: Cardiff University.
2013
- Brito, P. B., Costa, L. F. and Dixon, H. D. 2013. Non-smooth dynamics and multiple equilibria in a Cournot-Ramsey model with endogenous markups. Journal of Economic Dynamics and Control 37(11), pp. 2287-2306. (10.1016/j.jedc.2013.05.014)
- Brito, P. and Dixon, H. D. 2013. Fiscal policy, entry and capital accumulation: Hump-shaped responses. Journal of Economic Dynamics and Control 37(10), pp. 2123-2155. (10.1016/j.jedc.2013.03.005)
- Dixon, H. and Tian, K. 2013. What we can learn about the behavior of firms from the average monthly frequency of price-changes: an application to the UK CPI data. Working paper. Cardiff: Cardiff University.
2012
- Brito, P., Datta, B. and Dixon, H. 2012. The evolution of mixed conjectures in the rent-extraction game. Working paper. Cardiff: Cardiff University.
- Dixon, H. D. 2012. A unified framework for using micro-data to compare dynamic time-dependent price-setting models. The B.E. Journal of Macroeconomics 12(1) (10.1515/1935-1690.2220)
- Dixon, H. D. and Le Bihan, H. 2012. Generalised Taylor and Generalised Calvo price and wage setting: micro-evidence with macro implications. Economic Journal 122(560), pp. 532-554. (10.1111/j.1468-0297.2012.02497.x)
- Brito, P. and Dixon, H. 2012. Fiscal policy, entry and capital accumulation: hump-shaped responses. Working paper. Cardiff: Cardiff University.
- Dixon, H. and Kara, E. 2012. Taking multi-sector dynamic general equilibrium models to the data. Working paper. Cardiff: Cardiff University.
- Dixon, H. and Pourpourides, P. 2012. On imperfect competition with occasionally binding cash-in-advance constraints. Working paper. Cardiff: Cardiff University.
2011
- Dixon, H. and Le Bihan, H. 2011. Generalized Taylor and Generalized Calvo price and wage-setting: micro evidence with macro implications. Working paper. Cardiff: Cardiff University.
- Costa, L. F. and Dixon, H. D. 2011. Fiscal policy under imperfect competition with flexible prices: An overview and survey. Economics: The Open-Access, Open-Assessment E-Journal 5, article number: 2011-3. (10.5018/economics-ejournal.ja.2011-3)
- Dixon, H. D. and Kara, E. 2011. Contract length heterogeneity and the persistence of monetary shocks in a dynamic generalized Taylor economy. European Economic Review 55(2), pp. 280-292. (10.1016/j.euroecorev.2010.05.003)
2010
- Dixon, H. and Zhou, P. 2010. An empirical study on price rigidity. Working paper. Cardiff: Cardiff University.
- Brito, P., Costa, L. F. and Dixon, H. 2010. Non-smooth dynamics and multiple equilibria in a Cournot-Ramsey model with endogenous markups. Working paper. Cardiff: Cardiff University.
- Dixon, H. D. and Pourpourides, P. 2010. General equilibrium with monopolistic firms and occasionally binding cash-in-advance constraints. Working paper. Cardiff: Cardiff Business School. Available at: http://business.cardiff.ac.uk/sites/default/files/E2010_6.pdf
- Dixon, H. D. and Kara, E. 2010. Can we explain inflation persistence in a way that is consistent with the microevidence on nominal rigidity?. Journal of Money, Credit and Banking 42(1), pp. 151-170. (10.1111/j.1538-4616.2009.00282.x)
2009
- Brito, P. and Dixon, H. D. 2009. Entry and the accumulation of capital: A two state variable extension to the Ramsey model. International Journal of Economic Theory 5(4), pp. 333-357. (10.1111/j.1742-7363.2009.00113.x)
- Dixon, H. D. and Siciliani, L. 2009. Waiting-time targets in the healthcare sector: how long are we waiting?. Journal of Health Economics 28(6), pp. 1081-1098. (10.1016/j.jhealeco.2009.09.003)
- Dixon, H. 2009. A unified framework for understanding and comparing dynamic wage and price setting models.. Working paper. Cardiff: Cardiff University.
2008
- Dixon, H. and Kara, E. 2008. Can we explain inflation persistence in a way that is consistent with the micro-evidence on nominal rigidity?. Working paper. Cardiff: Cardiff University.
2007
- Costa, L. F. and Dixon, H. 2007. A simple business-cycle model with shumpeterian features. Working paper. Cardiff: Cardiff University.
- Brito, P. and Dixon, H. 2007. Entry and the accumulation of capital: a two state-variable extension to the Ramsey model. Working paper. Cardiff: Cardiff University.
- Dixon, H. 2007. New Keynesian macroeconomics: entry for new Palgrave Dictionary of Economics, 2nd edition. Working paper. Cardiff: Cardiff University.
- Dixon, H. and Kara, E. 2007. Persistence and nominal inertia in a Generalized Taylor Economy: how longer contracts dominate shorter contracts. Working paper. Cardiff: Cardiff University.
- Dixon, H. D. 2007. Special issue: imperfect competition and contemporary macroeconomics. Editor's introduction [Editorial]. Portuguese Economic Journal 6(2), pp. 89-93. (10.1007/s10258-007-0026-9)
2006
- Dixon, H. D., Sbriglia, P. and Somma, E. 2006. Learning to collude: An experiment in convergence and equilibrium selection in oligopoly. Research in Economics 60(3), pp. 155-167. (10.1016/j.rie.2006.08.001)
- Dixon, H. D. and Kara, E. 2006. How to Compare Taylor and Calvo Contracts: A Comment on Michael Kiley. Journal of Money, Credit, and Banking 38(4), pp. 1119-1126. (10.1353/mcb.2006.0055)
2003
- Datta, B. and Dixon, H. D. 2003. Free Internet Access and Regulation. Journal of Institutional and Theoretical Economics JITE 159(3), pp. 594-598. (10.1628/0932456032954800)
- Datta, B. and Dixon, H. D. 2003. Free Internet Access and Regulation: A Note. Journal of Institutional and Theoretical Economics (JITE) / Zeitschrift für die gesamte Staatswissenschaft 159(3), pp. 594-598.
- Dixon, H. D. and Somma, E. 2003. The evolution of consistent conjectures. Journal of Economic Behavior & Organization 51(4), pp. 523-536. (10.1016/S0167-2681(02)00215-9)
- Coto-Martinez, J. and Dixon, H. D. 2003. Profits, markups and entry: fiscal policy in an open economy. Journal of Economic Dynamics and Control 27(4), pp. 573-597. (10.1016/S0165-1889(01)00062-8)
- Aloi, M. and Dixon, H. D. 2003. Entry dynamics, demand shocks and induced productivity fluctuations. Ekonomia : The journal of the Cyprus Economic Society 6(2), pp. 115-146.
2002
- Datta, B. and Dixon, H. D. 2002. Technological Change, Entry, and Stock-Market Dynamics: An Analysis of Transition in a Monopolistic Industry. American Economic Review 92(2), pp. 231-235. (10.1257/000282802320189311)
- Dixon, H. D., Wallis, S. and Moss, S. 2002. Axelrod Meets Cournot: Oligopoly and the Evolutionary Metaphor. Computational Economics 20(3), pp. 139-156. (10.1023/A:1020922214711)
- Jacobsen Kleven, H., Thustrup Kreiner, C. and Dixon, H. D. 2002. Dual labour markets and nominal rigidity. Oxford Economic Papers 54(4), pp. 561-583. (10.1093/oep/54.4.561)
2001
- Dixon, H. D. and Easaw, J. 2001. Strategic responses to regulatory policies: What lessons can be learned from the UK contract gas market?. Review of Industrial Organization 18(4), pp. 379-396. (10.1023/A:1007835701360)
- Datta, B. and Dixon, H. D. 2001. omega-Homothetic Preferences: Theory and Applications. Scottish Journal of Political Economy 48(2), pp. 148-163. (10.1111/1467-9485.00191)
- Bennett, J. and Dixon, H. D. 2001. Monetary policy and credit in China: A theoretical analysis. Journal of Macroeconomics 23(2), pp. 297-314. (10.1016/S0164-0704(01)00166-5)
2000
- Dixon, H. D. 2000. Keeping up with the Joneses: competition and the evolution of collusion. Journal of Economic Behavior & Organization 43(2), pp. 223-238. (10.1016/S0167-2681(00)00117-7)
- Datta, B. and Dixon, H. D. 2000. Linear-homothetic preferences. Economics Letters 69(1), pp. 55-61. (10.1016/S0165-1765(00)00262-7)
- Aloi, M., Dixon, H. D. and Lloyd-Braga, T. 2000. Endogenous fluctuations in an open economy with increasing returns to scale. Journal of Economic Dynamics and Control 24(1), pp. 97-125. (10.1016/S0165-1889(98)00063-3)
1999
- Dixon, H. D. and Hansen, C. T. 1999. A mixed industrial structure magnifies the importance of menu costs. European Economic Review 43(8), pp. 1475-1499. (10.1016/S0014-2921(98)00029-4)
1998
- Dixon, H. D. 1998. Trade liberalisation and growth: An introduction. Economic Journal 108(450), pp. 1511-1512. (10.1111/1468-0297.00357)
- Dixon, H. D. 1998. Controversy: The macroeconomics of unemployment in the OECD [Editorial Note]. Economic Journal 108(448), pp. 779-781. (10.1111/1468-0297.00314)
1997
- Dixon, H. D. 1997. Controversy: The source and measurement of technical change [Editorial Note]. Economic Journal 107(444), pp. 1518-1519. (10.1111/j.1468-0297.1997.tb00062.x)
- Dixon, H. D. 1997. Controversy: Editorial note. Economic Journal 107(442), pp. 752-753. (10.1111/j.1468-0297.1997.tb00040.x)
1996
- Dixon, H. D. 1996. Controversy: Economists, the welfare state and growth: The case of Sweden [Editorial Note]. Economic Journal 106(439), pp. 1725-1726.
- Dixon, H. D. and Lawler, P. 1996. Imperfect competition and the fiscal multiplier. Scandinavian Journal of Economics 98(2), pp. 219-231.
1995
- Bennett, J. and Dixon, H. D. 1995. Macroeconomic equilibrium and reform in a transitional economy. European Economic Review 39(8), pp. 1465-1485.
1994
- Dixon, H. D. 1994. Macroeconomic price and quantity - responses with heterogeneous product markets. Oxford Economic Papers 46(3), pp. 385-402.
- Dixon, H. D. 1994. Inefficient diversification in multi-market oligopoly with diseconomies of scope. Economica 61(242), pp. 213-219.
- Dixon, H. D. and Rankin, N. 1994. Imperfect competition and macroeconomics - a survey. Oxford Economic Papers 46(2), pp. 171-199.
1992
- Dixon, H. D. 1992. Nominal wage flexibility in a partly-unionized economy. Manchester School of Economic and Social Studies 60(3), pp. 295-306. (10.1111/j.1467-9957.1992.tb00465.x)
- Dixon, H. D. 1992. The competitive outcome as the equilibrium in an Edgeworthian price-quantity model. Economic Journal 102(411), pp. 301-309.
1991
- Dixon, H. D. 1991. Macroeconomic policy in a large unionized economy. European Economic Review 35(7), pp. 1427-1448.
1990
- Dixon, H. D. 1990. Bertrand-Edgeworth equilibria when firms avoid turning customers away. Journal of Industrial Economics 39(2), pp. 131-146.
- Dixon, H. D. 1990. Imperfect competition, unemployment benefit and the nonneutrality of money - an example. Oxford Economic Papers 42(2), pp. 402-413.
- Dixon, H. D. 1990. Macroeconomic policy with a floating exchange-rate and a unionized nontraded sector. Economic Journal 100(400), pp. 78-90.
1988
- Dixon, H. D. 1988. Unions, oligopoly and the natural range of employment. Economic Journal 98(393), pp. 1127-1147.
- Dixon, H. D. 1988. Studies in business-cycle theory by Robert E. Lucas [Book Review]. Economic Journal 98(391), pp. 509-511.
1987
- Dixon, H. D. 1987. The general-theory of household and market contingent demand. Manchester School of Economics and Social Studies 55(3), pp. 287-304. (10.1111/j.1467-9957.1987.tb01303.x)
- Dixon, H. D. 1987. A simple-model of imperfect competition with Walrasian features. Oxford Economic Papers 39(1), pp. 134-160.
- Dixon, H. D. 1987. Approximate Bertrand equilibria in a replicated industry. Review of Economic Studies 54(1), pp. 47-62.
1986
- Dixon, H. D. 1986. Strategic investment with consistent conjectures. Oxford Economic Papers 38, pp. 111-128.
- Dixon, H. D. 1986. The Cournot and Bertrand outcomes as equilibria in a strategic metagame. Economic Journal 96, pp. 59-70.
1985
- Dixon, H. D. 1985. Strategic investment in an industry with a competitive product market. Journal of Industrial Economics 33(4), pp. 483-499.
1984
- Dixon, H. D. 1984. The existence of mixed-strategy equilibria in a price-setting oligopoly with convex costs. Economics Letters 16(3-4), pp. 205-212. (10.1016/0165-1765(84)90164-2)
Articles
- Dixon, H., Kosma, T. and Petroulas, P. 2024. Explaining the endurance of price level differences in the euro area. Open Economies Review (10.1007/s11079-024-09794-1)
- Dixon, H. and Chowdhury, A. U. 2024. Measuring inflation during the Pandemic with the benefit of hindsight. Open Economies Review (10.1007/s11079-024-09776-3)
- Dixon, H., Franklin, J. and Millard, S. 2023. Sectoral shocks and monetary policy in the United Kingdom. Oxford Bulletin of Economics and Statistics 85(4), pp. 805-829. (10.1111/obes.12541)
- Dixon, H. D. and Grimme, C. 2022. State-dependent or time-dependent pricing? New evidence from a monthly firm-level survey: 1980-2017. European Economic Review 150, article number: 104319. (10.1016/j.euroecorev.2022.104319)
- Tian, M. and Dixon, H. 2022. The variances of non-parametric estimates of the cross-sectional distribution of durations. Econometric Reviews 41(10), pp. 1243-1264. (10.1080/07474938.2022.2114623)
- Dixon, H. 2021. A brief history of imperfect competition. CPI Antitrust Chronicle
- Aloi, M., Dixon, H. and Savagar, A. 2021. Labor responses, regulation and business churn. Journal of Money, Credit and Banking 53(1), pp. 119-156. (10.1111/jmcb.12694)
- Dixon, H., Luintel, K. and Tian, K. 2020. The impact of the 2008 crisis on UK prices: what we can learn from the CPI microdata. Oxford Bulletin of Economics and Statistics 82(6), pp. 1322-1341. (10.1111/obes.12373)
- Dixon, H., Easaw, J. and Heravi, S. 2020. Forecasting inflation gap persistence: do financial sector professionals differ from non-financial sector ones?. International Journal of Finance and Economics 25(3), pp. 461-474. (10.1002/ijfe.1762)
- Dixon, H. 2020. Almost-maximization as a behavioral theory of the firm: Static, dynamic and evolutionary perspectives. Review of Industrial Organization 56, pp. 237-258. (10.1007/s11151-019-09727-0)
- Savagar, A. and Dixon, H. 2020. Firm entry, excess capacity and endogenous productivity. European Economic Review 121, article number: 103339. (10.1016/j.euroecorev.2019.103339)
- Zhou, P. and Dixon, H. 2019. The determinants of price rigidity in the UK: Analysis of the CPI and PPI microdata and application to macrodata modelling. Manchester School 87(5), pp. 640-677. (10.1111/manc.12263)
- Dixon, H. D. and Tian, K. 2017. What we can learn about the behavior of firms from the average monthly frequency of price-changes: An application to the UK CPI data. Oxford Bulletin of Economics and Statistics 79(6), pp. 907-932. (10.1111/obes.12173)
- Dixon, H. and Pourpourides, P. 2016. On imperfect competition with occasionally binding cash-in-advance constraints. Journal of Macroeconomics 50, pp. 72-85. (10.1016/j.jmacro.2016.09.002)
- Dixon, H. and Bhattarai, K. 2014. Equilibrium unemployment in a general equilibrium model with taxes. The Manchester School 82(Supp 1), pp. 90-128. (10.1111/manc.12066)
- Brito, P. B., Costa, L. F. and Dixon, H. D. 2013. Non-smooth dynamics and multiple equilibria in a Cournot-Ramsey model with endogenous markups. Journal of Economic Dynamics and Control 37(11), pp. 2287-2306. (10.1016/j.jedc.2013.05.014)
- Brito, P. and Dixon, H. D. 2013. Fiscal policy, entry and capital accumulation: Hump-shaped responses. Journal of Economic Dynamics and Control 37(10), pp. 2123-2155. (10.1016/j.jedc.2013.03.005)
- Dixon, H. D. 2012. A unified framework for using micro-data to compare dynamic time-dependent price-setting models. The B.E. Journal of Macroeconomics 12(1) (10.1515/1935-1690.2220)
- Dixon, H. D. and Le Bihan, H. 2012. Generalised Taylor and Generalised Calvo price and wage setting: micro-evidence with macro implications. Economic Journal 122(560), pp. 532-554. (10.1111/j.1468-0297.2012.02497.x)
- Costa, L. F. and Dixon, H. D. 2011. Fiscal policy under imperfect competition with flexible prices: An overview and survey. Economics: The Open-Access, Open-Assessment E-Journal 5, article number: 2011-3. (10.5018/economics-ejournal.ja.2011-3)
- Dixon, H. D. and Kara, E. 2011. Contract length heterogeneity and the persistence of monetary shocks in a dynamic generalized Taylor economy. European Economic Review 55(2), pp. 280-292. (10.1016/j.euroecorev.2010.05.003)
- Dixon, H. D. and Kara, E. 2010. Can we explain inflation persistence in a way that is consistent with the microevidence on nominal rigidity?. Journal of Money, Credit and Banking 42(1), pp. 151-170. (10.1111/j.1538-4616.2009.00282.x)
- Brito, P. and Dixon, H. D. 2009. Entry and the accumulation of capital: A two state variable extension to the Ramsey model. International Journal of Economic Theory 5(4), pp. 333-357. (10.1111/j.1742-7363.2009.00113.x)
- Dixon, H. D. and Siciliani, L. 2009. Waiting-time targets in the healthcare sector: how long are we waiting?. Journal of Health Economics 28(6), pp. 1081-1098. (10.1016/j.jhealeco.2009.09.003)
- Dixon, H. D. 2007. Special issue: imperfect competition and contemporary macroeconomics. Editor's introduction [Editorial]. Portuguese Economic Journal 6(2), pp. 89-93. (10.1007/s10258-007-0026-9)
- Dixon, H. D., Sbriglia, P. and Somma, E. 2006. Learning to collude: An experiment in convergence and equilibrium selection in oligopoly. Research in Economics 60(3), pp. 155-167. (10.1016/j.rie.2006.08.001)
- Dixon, H. D. and Kara, E. 2006. How to Compare Taylor and Calvo Contracts: A Comment on Michael Kiley. Journal of Money, Credit, and Banking 38(4), pp. 1119-1126. (10.1353/mcb.2006.0055)
- Datta, B. and Dixon, H. D. 2003. Free Internet Access and Regulation. Journal of Institutional and Theoretical Economics JITE 159(3), pp. 594-598. (10.1628/0932456032954800)
- Datta, B. and Dixon, H. D. 2003. Free Internet Access and Regulation: A Note. Journal of Institutional and Theoretical Economics (JITE) / Zeitschrift für die gesamte Staatswissenschaft 159(3), pp. 594-598.
- Dixon, H. D. and Somma, E. 2003. The evolution of consistent conjectures. Journal of Economic Behavior & Organization 51(4), pp. 523-536. (10.1016/S0167-2681(02)00215-9)
- Coto-Martinez, J. and Dixon, H. D. 2003. Profits, markups and entry: fiscal policy in an open economy. Journal of Economic Dynamics and Control 27(4), pp. 573-597. (10.1016/S0165-1889(01)00062-8)
- Aloi, M. and Dixon, H. D. 2003. Entry dynamics, demand shocks and induced productivity fluctuations. Ekonomia : The journal of the Cyprus Economic Society 6(2), pp. 115-146.
- Datta, B. and Dixon, H. D. 2002. Technological Change, Entry, and Stock-Market Dynamics: An Analysis of Transition in a Monopolistic Industry. American Economic Review 92(2), pp. 231-235. (10.1257/000282802320189311)
- Dixon, H. D., Wallis, S. and Moss, S. 2002. Axelrod Meets Cournot: Oligopoly and the Evolutionary Metaphor. Computational Economics 20(3), pp. 139-156. (10.1023/A:1020922214711)
- Jacobsen Kleven, H., Thustrup Kreiner, C. and Dixon, H. D. 2002. Dual labour markets and nominal rigidity. Oxford Economic Papers 54(4), pp. 561-583. (10.1093/oep/54.4.561)
- Dixon, H. D. and Easaw, J. 2001. Strategic responses to regulatory policies: What lessons can be learned from the UK contract gas market?. Review of Industrial Organization 18(4), pp. 379-396. (10.1023/A:1007835701360)
- Datta, B. and Dixon, H. D. 2001. omega-Homothetic Preferences: Theory and Applications. Scottish Journal of Political Economy 48(2), pp. 148-163. (10.1111/1467-9485.00191)
- Bennett, J. and Dixon, H. D. 2001. Monetary policy and credit in China: A theoretical analysis. Journal of Macroeconomics 23(2), pp. 297-314. (10.1016/S0164-0704(01)00166-5)
- Dixon, H. D. 2000. Keeping up with the Joneses: competition and the evolution of collusion. Journal of Economic Behavior & Organization 43(2), pp. 223-238. (10.1016/S0167-2681(00)00117-7)
- Datta, B. and Dixon, H. D. 2000. Linear-homothetic preferences. Economics Letters 69(1), pp. 55-61. (10.1016/S0165-1765(00)00262-7)
- Aloi, M., Dixon, H. D. and Lloyd-Braga, T. 2000. Endogenous fluctuations in an open economy with increasing returns to scale. Journal of Economic Dynamics and Control 24(1), pp. 97-125. (10.1016/S0165-1889(98)00063-3)
- Dixon, H. D. and Hansen, C. T. 1999. A mixed industrial structure magnifies the importance of menu costs. European Economic Review 43(8), pp. 1475-1499. (10.1016/S0014-2921(98)00029-4)
- Dixon, H. D. 1998. Trade liberalisation and growth: An introduction. Economic Journal 108(450), pp. 1511-1512. (10.1111/1468-0297.00357)
- Dixon, H. D. 1998. Controversy: The macroeconomics of unemployment in the OECD [Editorial Note]. Economic Journal 108(448), pp. 779-781. (10.1111/1468-0297.00314)
- Dixon, H. D. 1997. Controversy: The source and measurement of technical change [Editorial Note]. Economic Journal 107(444), pp. 1518-1519. (10.1111/j.1468-0297.1997.tb00062.x)
- Dixon, H. D. 1997. Controversy: Editorial note. Economic Journal 107(442), pp. 752-753. (10.1111/j.1468-0297.1997.tb00040.x)
- Dixon, H. D. 1996. Controversy: Economists, the welfare state and growth: The case of Sweden [Editorial Note]. Economic Journal 106(439), pp. 1725-1726.
- Dixon, H. D. and Lawler, P. 1996. Imperfect competition and the fiscal multiplier. Scandinavian Journal of Economics 98(2), pp. 219-231.
- Bennett, J. and Dixon, H. D. 1995. Macroeconomic equilibrium and reform in a transitional economy. European Economic Review 39(8), pp. 1465-1485.
- Dixon, H. D. 1994. Macroeconomic price and quantity - responses with heterogeneous product markets. Oxford Economic Papers 46(3), pp. 385-402.
- Dixon, H. D. 1994. Inefficient diversification in multi-market oligopoly with diseconomies of scope. Economica 61(242), pp. 213-219.
- Dixon, H. D. and Rankin, N. 1994. Imperfect competition and macroeconomics - a survey. Oxford Economic Papers 46(2), pp. 171-199.
- Dixon, H. D. 1992. Nominal wage flexibility in a partly-unionized economy. Manchester School of Economic and Social Studies 60(3), pp. 295-306. (10.1111/j.1467-9957.1992.tb00465.x)
- Dixon, H. D. 1992. The competitive outcome as the equilibrium in an Edgeworthian price-quantity model. Economic Journal 102(411), pp. 301-309.
- Dixon, H. D. 1991. Macroeconomic policy in a large unionized economy. European Economic Review 35(7), pp. 1427-1448.
- Dixon, H. D. 1990. Bertrand-Edgeworth equilibria when firms avoid turning customers away. Journal of Industrial Economics 39(2), pp. 131-146.
- Dixon, H. D. 1990. Imperfect competition, unemployment benefit and the nonneutrality of money - an example. Oxford Economic Papers 42(2), pp. 402-413.
- Dixon, H. D. 1990. Macroeconomic policy with a floating exchange-rate and a unionized nontraded sector. Economic Journal 100(400), pp. 78-90.
- Dixon, H. D. 1988. Unions, oligopoly and the natural range of employment. Economic Journal 98(393), pp. 1127-1147.
- Dixon, H. D. 1988. Studies in business-cycle theory by Robert E. Lucas [Book Review]. Economic Journal 98(391), pp. 509-511.
- Dixon, H. D. 1987. The general-theory of household and market contingent demand. Manchester School of Economics and Social Studies 55(3), pp. 287-304. (10.1111/j.1467-9957.1987.tb01303.x)
- Dixon, H. D. 1987. A simple-model of imperfect competition with Walrasian features. Oxford Economic Papers 39(1), pp. 134-160.
- Dixon, H. D. 1987. Approximate Bertrand equilibria in a replicated industry. Review of Economic Studies 54(1), pp. 47-62.
- Dixon, H. D. 1986. Strategic investment with consistent conjectures. Oxford Economic Papers 38, pp. 111-128.
- Dixon, H. D. 1986. The Cournot and Bertrand outcomes as equilibria in a strategic metagame. Economic Journal 96, pp. 59-70.
- Dixon, H. D. 1985. Strategic investment in an industry with a competitive product market. Journal of Industrial Economics 33(4), pp. 483-499.
- Dixon, H. D. 1984. The existence of mixed-strategy equilibria in a price-setting oligopoly with convex costs. Economics Letters 16(3-4), pp. 205-212. (10.1016/0165-1765(84)90164-2)
Book sections
- Dixon, H., Patel, U. and Low, H. 2022. Inflation and public finances.. In: Bejarano Carbo, P. et al. eds. National Institute UK Economic Outlook Autumn 2022. NIESR, pp. 14-22.
Conferences
- Dixon, H. 2025. The challenges to economic measurement arising from inflation in the post-pandemic world. Presented at: 2024 Deane- Stone Lecture, London, UK, 20 June 2024.
Monographs
- Chowdhury, A. U. and Dixon, H. 2023. Energy expenditures and CPI inflation in 2022: Inflation was even higher than we thought. Project Report. [Online]. London: National Institute of Economic and Social Research. Available at: https://www.niesr.ac.uk/wp-content/uploads/2023/07/DP-550.pdf
- Chowdhury, A. U. and Dixon, H. 2023. Measuring inflation during the pandemic with the benefit of hindsight. Working paper. Cardiff: Cardiff Business School. Available at: http://carbsecon.com/wp/E2023_17.pdf
- Dixon, H., Kosma, T. and Petroulas, P. 2023. Εxplaining the endurance of price level differences in the euro area. Project Report. [Online]. Bank of Greece. Available at: https://www.bankofgreece.gr/Publications/Paper2023319.pdf
- Dixon, H., Kosma, T. and Petroulas, P. 2023. Endogenous frequencies and large shocks: Price setting in Greece during the crisis. Project Report. [Online]. Athens: Bank of Greece. Available at: https://www.bankofgreece.gr/Publications/Paper2023312.pdf
- Dixon, H., Franklin, J. and Millard, S. 2021. Sectoral shocks and monetary policy in the United Kingdom. Cardiff Business School. Available at: http://carbsecon.com/wp/E2021_10.pdf
- Dixon, H. 2020. The measurement of inflation during the lockdown: a trial calculation. Working paper. National Institute of Economic and Social Research. Available at: https://www.niesr.ac.uk/publications/measurement-inflation-during-lockdown-trial-calculation
- Dixon, H., Luintel, K. and Tian, K. 2014. The impact of the 2008 crisis on UK prices: what we can learn from the CPI microdata. Working paper. Cardiff: Cardiff University.
- Dixon, H. and Tian, K. 2013. What we can learn about the behavior of firms from the average monthly frequency of price-changes: an application to the UK CPI data. Working paper. Cardiff: Cardiff University.
- Brito, P., Datta, B. and Dixon, H. 2012. The evolution of mixed conjectures in the rent-extraction game. Working paper. Cardiff: Cardiff University.
- Brito, P. and Dixon, H. 2012. Fiscal policy, entry and capital accumulation: hump-shaped responses. Working paper. Cardiff: Cardiff University.
- Dixon, H. and Kara, E. 2012. Taking multi-sector dynamic general equilibrium models to the data. Working paper. Cardiff: Cardiff University.
- Dixon, H. and Pourpourides, P. 2012. On imperfect competition with occasionally binding cash-in-advance constraints. Working paper. Cardiff: Cardiff University.
- Dixon, H. and Le Bihan, H. 2011. Generalized Taylor and Generalized Calvo price and wage-setting: micro evidence with macro implications. Working paper. Cardiff: Cardiff University.
- Dixon, H. and Zhou, P. 2010. An empirical study on price rigidity. Working paper. Cardiff: Cardiff University.
- Brito, P., Costa, L. F. and Dixon, H. 2010. Non-smooth dynamics and multiple equilibria in a Cournot-Ramsey model with endogenous markups. Working paper. Cardiff: Cardiff University.
- Dixon, H. D. and Pourpourides, P. 2010. General equilibrium with monopolistic firms and occasionally binding cash-in-advance constraints. Working paper. Cardiff: Cardiff Business School. Available at: http://business.cardiff.ac.uk/sites/default/files/E2010_6.pdf
- Dixon, H. 2009. A unified framework for understanding and comparing dynamic wage and price setting models.. Working paper. Cardiff: Cardiff University.
- Dixon, H. and Kara, E. 2008. Can we explain inflation persistence in a way that is consistent with the micro-evidence on nominal rigidity?. Working paper. Cardiff: Cardiff University.
- Costa, L. F. and Dixon, H. 2007. A simple business-cycle model with shumpeterian features. Working paper. Cardiff: Cardiff University.
- Brito, P. and Dixon, H. 2007. Entry and the accumulation of capital: a two state-variable extension to the Ramsey model. Working paper. Cardiff: Cardiff University.
- Dixon, H. 2007. New Keynesian macroeconomics: entry for new Palgrave Dictionary of Economics, 2nd edition. Working paper. Cardiff: Cardiff University.
- Dixon, H. and Kara, E. 2007. Persistence and nominal inertia in a Generalized Taylor Economy: how longer contracts dominate shorter contracts. Working paper. Cardiff: Cardiff University.
Websites
- Dixon, H. 2023. What does the latest rise in interest rates tell us about the UK economy?. [Online]. Economics Observatory: Economics Observatory. Available at: https://www.economicsobservatory.com/what-does-the-latest-rise-in-interest-rates-tell-us-about-the-uk-economy
- Dixon, H. 2022. How are rising energy prices affecting the UK economy?. [Online]. Economics Observatory: Economics Observatory. Available at: https://www.economicsobservatory.com/how-are-rising-energy-prices-affecting-the-uk-economy
- Dixon, H. 2022. How does inflation affect the economy when interest rates are near zero?. [Online]. Economics Observatory: Economics Observatory. Available at: https://www.economicsobservatory.com/how-does-inflation-affect-the-economy-when-interest-rates-are-near-zero
- Dixon, H. 2020. Will CPIH inflation understate inflation for April 2020?. [Online]. www.niesr.ac.uk/blog: National Institute of Economic and Social Research. Available at: https://www.niesr.ac.uk/blog/will-cpih-inflation-understate-inflation-april-2020
- Brito, P. B., Costa, L. F. and Dixon, H. D. 2013. Non-smooth dynamics and multiple equilibria in a Cournot-Ramsey model with endogenous markups. Journal of Economic Dynamics and Control 37(11), pp. 2287-2306. (10.1016/j.jedc.2013.05.014)
- Dixon, H. D. and Le Bihan, H. 2012. Generalised Taylor and Generalised Calvo price and wage setting: micro-evidence with macro implications. Economic Journal 122(560), pp. 532-554. (10.1111/j.1468-0297.2012.02497.x)
- Dixon, H. D. and Kara, E. 2006. How to Compare Taylor and Calvo Contracts: A Comment on Michael Kiley. Journal of Money, Credit, and Banking 38(4), pp. 1119-1126. (10.1353/mcb.2006.0055)
- Datta, B. and Dixon, H. D. 2002. Technological Change, Entry, and Stock-Market Dynamics: An Analysis of Transition in a Monopolistic Industry. American Economic Review 92(2), pp. 231-235. (10.1257/000282802320189311)
- Dixon, H. D. 2000. Keeping up with the Joneses: competition and the evolution of collusion. Journal of Economic Behavior & Organization 43(2), pp. 223-238. (10.1016/S0167-2681(00)00117-7)
- Aloi, M., Dixon, H. D. and Lloyd-Braga, T. 2000. Endogenous fluctuations in an open economy with increasing returns to scale. Journal of Economic Dynamics and Control 24(1), pp. 97-125. (10.1016/S0165-1889(98)00063-3)
- Dixon, H. D. and Hansen, C. T. 1999. A mixed industrial structure magnifies the importance of menu costs. European Economic Review 43(8), pp. 1475-1499. (10.1016/S0014-2921(98)00029-4)
- Dixon, H. D. 1994. Macroeconomic price and quantity - responses with heterogeneous product markets. Oxford Economic Papers 46(3), pp. 385-402.
- Dixon, H. D. 1992. The competitive outcome as the equilibrium in an Edgeworthian price-quantity model. Economic Journal 102(411), pp. 301-309.
- Dixon, H. D. 1988. Unions, oligopoly and the natural range of employment. Economic Journal 98(393), pp. 1127-1147.
- Dixon, H. D. 1987. Approximate Bertrand equilibria in a replicated industry. Review of Economic Studies 54(1), pp. 47-62.
Ymchwil
PhD supervision research interests
- Learning and bounded rationality
- Macroeconomics of imperfect competition
- Oligopoly theory
Addysgu
I currently teach just one course due to my responsibilities as Head of the Economics Section. This is a third-year undergraduate course I designed myself, BS 3578 Economic Statistics in Theory and Practice. This explores how the key data such as inflation and GDP are constructed and involves using a lot of the basic raw data used to construct the headline statistics. This is a subject that is not widely taught in university courses, but is extremely useful for anyone who wants to work as a professional economist, whether in the private or public sectors. Prior to becoming head of section, I taught the year three Macroeconomic analysis course and a PhD course on Monetary Policy.
Previously, I have taught both core micro and macroeconomics at all levels: from year 1 to year 3, MSc and PhD. I enjoy teaching and many of my research ideas have come from teaching. I also like to use my current research to inform my teaching.
Bywgraffiad
My first degree was in Philosphy and Economics at Balliol College Oxford from which I graduated in 1980. I went on to to the MPhil and then Dphil i(PhD) n Economics at Nuffield College (Oxford) under the supervsion of Nobel Laureate Sir James Mirrlees. Whilst doing my PhD at Oxford I held a temporary lectureship at Herford College (1982-3). My first full time academic post was as a lecturer at Birkbeck College (University of London) 1983-1987. I then moved ot Essex University as a Reader in Economics (1987-1991), being appointed to a Chair in Economics at the University of Swansea (1991-2) and then Chair at the University of York (1992-2006). Whilst ast York I was deputy head and then Head of the Economics department (2003-2006). Since 2006 I have been at the economics section in Cardiff Business School (Cardiff University), and head of the economics section since 2018.
.
Meysydd goruchwyliaeth
In my career, I have been the main supervisor to over 30 PhD students. Research topics have covered a wide range of subjects, including oligopoly, industrial economics, monetary policy and applied work on nominal rigidity using micro price data. I currently have 3 research students. Topics I am available for include:
- Monetary policy
- Using price mocro data to model nominal rigidity
- macroeconomic policy
- general economics
Contact Details
DixonH@caerdydd.ac.uk
+44 29208 75733
Adeilad Aberconwy, Ystafell R11b, Rhodfa Colum, Cathays, Caerdydd, CF10 3EU
+44 29208 75733
Adeilad Aberconwy, Ystafell R11b, Rhodfa Colum, Cathays, Caerdydd, CF10 3EU
