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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...
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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 …
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number of UK outward investment transactions in the remaining EU27 member states, whereas transactions in non-EU OECD … retain access to the EU market after Brexit. At the same time, we find that the number of EU27 investment projects in the UK … has declined by around 9%, illustrating that being a smaller economy than the EU leaves the UK more exposed to the costs …
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