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We estimate the impact of increased policy uncertainty from Brexit on UK trade in services. We apply an uncertainty-augmented gravity equation to UK services trade with the European Union at the industry level from 2016Q1 to 2018Q4. By exploiting the variation in the probability of Brexit from...
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real volume of activity in the parts of the economy being aggregated. Both objectives must be achieved for consistent multi …
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- political pressure deflection. Pressure deflection poses a puzzle to standard political economy models which suggest that having …
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