Showing 1 - 10 of 28
This paper studies how the depreciation of sterling following the Brexit referendum affected consumer prices in the United Kingdom. Our identification strategy uses input-output linkages to account for heterogeneity in exposure to import costs across product groups. We show that, after the...
Persistent link: https://www.econbiz.de/10012844422
Lancaster House speeches) were more closely correlated with potential changes to tariffs and non-tariff barriers on UK-EU trade … correlation between the share of EU migrants in different industries and stock market returns …
Persistent link: https://www.econbiz.de/10012908678
leave the European Union (EU). In this paper we evaluate the consequences of this event for EU integration. In particular …, we analyze how the extent of EU economic integration would change once the UK leaves the Union. To that end we develop an … in the EU is incomplete and its trend is non-linear while Brexit would not bring negative consequences to its development …
Persistent link: https://www.econbiz.de/10012908727
sectoral World Input Output Database (WIOD) to predict the impact of Brexit for every individual EU country by aggregating up … the country-sector effects. In contrast to other studies, we find EU-27 job losses to be substantially higher than … hitherto believed as a result of the closely integrated EU network structure. Upstream country-sectors stand to lose more from …
Persistent link: https://www.econbiz.de/10012892112
Using cross-country data, this paper investigates the relationship between workplace representation and strikes. Works councils are associated with reduced strike activity. However, where union members make up a majority of works councillors, such union-dominated councils experience greater...
Persistent link: https://www.econbiz.de/10012892227
general equilibrium model that captures inter- and intranational production networks. We isolate three important layers of EU … integration for the UK: First, we distinguish directional treatment heterogeneity in the relation between the UK and the EU27 … economies. Second, we disentangle tariff and non-tariff barriers in EU agreements affecting the UK, which show differential …
Persistent link: https://www.econbiz.de/10012850083
Why do politicians rebel and vote against the party line when high stakes bills come to the floor of the legislature? We leverage the three so-called Meaningful Votes that took place in the British House of Commons between January and March 2019 on the Withdrawal Agreement that the Conservative...
Persistent link: https://www.econbiz.de/10012861452
government amidst turbulent and fractious domestic politics, over negotiations with the EU27. Brexit negotiations were poorly … Ireland, as debate grows around the prospect of a united Ireland inside the EU. UK politics is in turmoil and in a chronic … October 2019 with no deal or it finds a route towards an accommodation with the EU. The phenomenon of British exceptionalism …
Persistent link: https://www.econbiz.de/10012861473
This paper analyses the relationship between CPI and real GDP in both the US and the UK using fractional integration and long-range dependence techniques. All series appear to be highly trended and to exhibit high degrees of integration and persistence, especially in the case of CPI. Since the...
Persistent link: https://www.econbiz.de/10013235154
to regain the severed ties with the EU. We analyze the economic consequences of these scenarios with a state … entirely removed for each of these devolved nations conditional on a renewed trade deal with the EU …
Persistent link: https://www.econbiz.de/10013212259