Richard Baldwin 30 March 2016

During the Royal Economic Society’s Annual Conference on 22 March 2016, four panelists discussed the political and economic costs of Brexit. In this video, Richard Baldwin argues that Brexiteers hoping to regain control over their economic policy still think of trade as it was in the 20th century, when goods were made in one place and sold in another. We are not in that world anymore. Domestic political pressures would lead the UK to adopt the 'Norway option' where it would have to obey EU regulations and pay to the EU budget, all without a formal say in the shape of those regulations.

Anatole Kaletsky 22 June 2016

If the UK leaves the EU, what will happen to the UK economy? In this video, Anatole Kaletsky argues that Brexit would be economic suicide, or at least self-harm. A trade agreement that grants access to the Single Market implies conceding political sovereignty, contributing to the EU budget, and free movement of labour. This video was recorded during the “Economics of the UK’s EU Membership” conference organised by the National Institute of Economic and Social Research in February 2016 and held in London.

Karl Whelan 20 June 2016

A large amount of business done in the City is linked to the UK’s membership of the EU. In this video, Karl Whelan discusses the impact of Brexit for the UK’s financial sector. He also argues that leaving the EU would take away the UK’s voice in shaping future legislation, which it would nonetheless have to follow in order to retain access to the Single Market. This video was recorded during the “Economics of the UK’s EU Membership” conference organised by the National Institute of Economic and Social Research in February 2016 and held in London.

Nauro Campos 17 June 2016

As Europe heads towards Parliamentary elections, this VideoVox looks at the economic benefits of EU membership. On average, European countries are 12% richer a decade after they join the EU. The UK is 24% better off since joining in 1973. The video was recorded in March 2014.

Behavioural industrial organisation centres on competition analysis with realistic assumptions, reflecting human behaviour. In this video, economists Peter Andrews, Amelia Fletcher, Michael Grubb, Charlotte Duke and David Laibson discuss how behavioural industrial organisation can be used to model and regulate financial markets, as well as to promote more effective competition. The video was recorded during the FCA symposium on Behavioural Industrial Organisation held in December 2015.

Nicholas Crafts 15 June 2016

If the UK leaves the EU, what's next for the economy? In this video, Nicholas Crafts of the University of Warwick discusses the impact of EU membership on the British economy. The type of agreement the UK would reach outside the EU is most important, and the risks outweigh the potential gains. This video was shot during the “Economics of the UK’s EU Membership” conference organised by the National Institute of Economic and Social Research (NIESR) on 23 February 2016 and held in London.

John Springford 14 June 2016

To the EU’s critics, the cost of regulations emanating from Brussels have become so great that they outweigh the – as they see it – modest benefits of single market membership. In this video, John Springford (CER) tests this claim against the evidence. He points out that the EU’s regulations and directives reduce the cost of trade between member-states – and that critics fail to take that into account. This video was recorded in June 2016 during the “Economics of the UK-EU Relationship” workshop at Brunel University London.

Corrado Macchiarelli 14 June 2016

The history of European integration has been characterized by several ‘stops-and-goes’ with considerable support on political grounds. In this video, Corrado Macchiarelli (Brunel) discusses the role of European integration for the future of the EU-UK relations. Integration, consistent with the idea of ‘completing’ the European Monetary Union (hence, a ‘Genuine Economic and Monetary Union’- GEMU) would affect the UK as well, irrespective of whether it will withdraw from the EU. Costs and benefits of EU membership should hence take GEMU into account. This video was recorded in June 2016 during the “Economics of the UK-EU Relationship” workshop at Brunel University London.

Peter Egger 14 June 2016

The European Union (EU) spends a large share of its budget on regional policy, what are the implications for the UK? In this video, Peter Egger (ETH Zurich) concludes that overall regional transfers across the EU give value for money. However, there is room for further improvement in the design of EU regional transfers to make them more effective. He argues UK regions have benefited from EU regional policy over the last decades and that there is uncertainty for those regions that benefit from substantial amounts of EU funding (e.g. Cornwall) over what would replace those funds after an eventual Brexit. This video was recorded in June 2016 during the “Economics of the UK-EU Relationship” workshop at Brunel University London.

Randolph Bruno 14 June 2016

European Union facilitates the inflows of Foreign Direct Investment into its members. In this video, Randolph Bruno (UCL) discusses the results of his research on how inflows of investment capital from foreign countries (FDI) into the EU Members has been on average 28 percentage points higher than non-EU members in the 1985 to 2013 period. He also argues that the UK is one of the countries for which the effect is higher than this average. This video was recorded in June 2016 during the “Economics of the UK-EU Relationship” workshop at Brunel University London.

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