Ben Broadbent, Federico Di Pace, Thomas Drechsel, Richard Harrison, Silvana Tenreyro, 26 February 2020

The UK economy has experienced significant macroeconomic adjustments following the 2016 referendum on its withdrawal from the EU. This column documents these macroeconomic adjustments systematically and demonstrates that the effects of the referendum result on the UK economy can be conceptualised as news about a future slowdown in tradable productivity growth.

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