Showing 1 - 10 of 910
This paper investigates the impact of the Covid-19 pandemic on trade flows in the case of the European countries. First …), which also includes the Global Financial Crisis (GFC) of 2007-2009, in order to compare the trade impact of two different … indicates that both the GCF and the Covid-19 pandemic had negative effects on trade but of a different magnitude. The use of …
Persistent link: https://www.econbiz.de/10014080051
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
We study stock market reactions to the Brexit referendum on 23 June 2016 in order to assess investors’ expectations … Lancaster House speeches) were more closely correlated with potential changes to tariffs and non-tariff barriers on UK-EU trade …, 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
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 …The withdrawal of the United Kingdom from the European Union has had disruptive effects on international trade. As part …
Persistent link: https://www.econbiz.de/10013212259
, there was little or no trade diversion away from the EU, implying that many of the anticipated long-run effects of Brexit …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 …
Persistent link: https://www.econbiz.de/10013306955
products exported under processing trade, and for capital goods. We also find that deaths and lockdowns in previous months tend … to increase current imports from China, partially offsetting the contemporaneous trade loss, suggesting that trade is not …
Persistent link: https://www.econbiz.de/10013224091
Researchers use (quasi-)experimental methods to estimate how shocks affect directly treated firms and households. Such methods typically do not account for general equilibrium spillover effects. I outline a method that estimates spillovers operating among groups of firms and households. I argue...
Persistent link: https://www.econbiz.de/10013237223
The general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to allow for additional negative impacts of global warming on utility and productivity growth, mean reversion in the ratio of climate damages to production, labour-augmenting technical progress, and...
Persistent link: https://www.econbiz.de/10013225748
This paper develops a dynamic stochastic general equilibrium model to examine the quantitative macroeconomic implications of countercyclical fiscal policy for France, Germany and the UK. The model incorporates real wage rigidity which is the particular market failure justifying policy...
Persistent link: https://www.econbiz.de/10012773638
We analyse the impact of both the Global Financial Crisis of 2008 and the European sovereign and banking crisis of 2011-13 on firm-level productivity in France, Italy and Spain. We show that relying on a single break date in 2008 misses both the Eurozone crisis and countries' institutional...
Persistent link: https://www.econbiz.de/10013246463