Showing 1 - 10 of 511
This paper examines the shortcomings in the UK government's Brexit negotiation strategy which reflected Prime Minister … government amidst turbulent and fractious domestic politics, over negotiations with the EU27. Brexit negotiations were poorly … planned and the government was woefully unprepared. Brexit also threatens a serious re-opening of old wounds in Northern …
Persistent link: https://www.econbiz.de/10012861473
The Brexit vote precipitated the unravelling of the UK’s membership of the world’s deepest economic integration … agreement. This paper reviews evidence on the realized economic effects of Brexit. The 2016 Brexit referendum changed … and uncertainty shocks. Voting for Brexit had large negative effects on the UK economy between 2016 and 2019, leading to …
Persistent link: https://www.econbiz.de/10013306955
We study stock market reactions to the Brexit referendum on 23 June 2016 in order to assess investors’ expectations …, indicating that investors may have updated their expectations in light of the possibility of a ‘hard Brexit’. We do not find a …
Persistent link: https://www.econbiz.de/10012908678
sectoral World Input Output Database (WIOD) to predict the impact of Brexit for every individual EU country by aggregating up … Brexit due to their network centrality in Europe …
Persistent link: https://www.econbiz.de/10012892112
of its ‘Global Britain’ strategy, in the wake of Brexit, the UK is pursuing a series of Free Trade Agreements with … to compensate for Brexit-induced trade losses. Our results also reveal that independence from the UK in itself would … inflict greater post-Brexit economic harm on the devolved nations of Great Britain. Nevertheless, these effects could be …
Persistent link: https://www.econbiz.de/10013212259
the geography of economic integration in Europe, we quantify the economic consequences of Brexit using a quantitative … welfare effects from Brexit. Neglecting asymmetries in EU-UK relations overestimates the costs from Brexit by up to 40%. The … welfare costs of Brexit are higher in the UK than in most other EU counties. However, heterogeneity tends to attenuate overall …
Persistent link: https://www.econbiz.de/10012850083
We study the impact of the 2016 Brexit referendum on UK foreign direct investment. Using the synthetic control method … retain access to the EU market after Brexit. At the same time, we find that the number of EU27 investment projects in the UK …
Persistent link: https://www.econbiz.de/10012865920
This paper develops a threshold-augmented dynamic multi-country model (TG-VAR) to quantify the macroeconomic effects of the Covid-19 pandemic. We show that there exist threshold effects in the relationship between output growth and excess global volatility at individual country levels in a...
Persistent link: https://www.econbiz.de/10013223666
This paper shows that monetary policy and prudential policies interact. U.S. banks issue more commercial and industrial loans to emerging market borrowers when U.S. monetary policy eases. The effect is less pronounced for banks that are more constrained through the U.S. bank stress tests,...
Persistent link: https://www.econbiz.de/10012858696
This paper examines the asymmetric impact of economic policy uncertainty (EPU) and oil price uncertainty (OPU) on inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the 1990s until August 2022 for a number of developed and...
Persistent link: https://www.econbiz.de/10014260984