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path of the UK economy before the Brexit referendum. The economic cost of the Brexit vote is the difference in output … between the UK economy and and its synthetic doppelganger. We show that, contrary to public perception, by the third quarter …
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Interest-rate spreads fluctuate widely across time and countries. We characterize their behavior using some 3,200 quarterly observations for 21 advanced and 17 emerging economies since the early 1990s. Before the financial crisis, spreads are 10 times more volatile in emerging economies than in...
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