The costs of economic nationalism: Evidence from the Brexit experiment
Economic nationalism is on the rise, but at what cost? We study this question using the unexpected outcome of the Brexit referendum vote as a natural macroeconomic experiment. Employing synthetic control methods, we first show that the Brexit vote has caused a UK output loss of 1.7% to 2.5% by year-...
Hlavní autoři: | Born, B, Müller, G, Schularick, M, Sedláček, P |
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Médium: | Journal article |
Jazyk: | English |
Vydáno: |
Oxford University Press
2019
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