The "Brexit bill" is an expected payment to be made by the United Kingdom that would settle its financial commitments when it leaves the European Union.While authors of this Working Paper consider the financial settlement the least important economic issue in the Brexit negotiations, a...

We discuss how standard computable equilibrium models of trade policy can be enriched with selection effects without missing other important channels of adjustment. This is achieved by estimating and simulating a partial equilibrium model that accounts for a number of real world effects of trade...