Enrico Spolaore, 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, Enrico Spolaore adopts a political economy angle to discuss the impact on European integration. 

John Van Reenen, 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, John Van Reenen discusses how much Brexit would hurt the British economy, but also points out that it would bring some gains in the form of lower EU contributions and a slight boost to growth.

Swati Dhingra, 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, Swati Dhingra focuses on the issue of trade, investment and immigration.

 

Soumaya Keynes, 30 March 2016

On 23 June, the UK will decide whether or not to leave the EU. While the general population is divided on the issue, the overall consensus among economists at a session on Brexit at the Royal Economic Society’s annual conference was that Britons should vote to stay in the EU. This column presents the views of the four panellists at the session on the trade implications and the economic and political economy costs of Brexit. 

Angus Armstrong, 09 March 2016

The upcoming vote on the UK’s membership of the EU has sparked a vibrant debate on topics ranging from sovereignty and sterling to migrants and the military. This column discusses evidence on the economics of Britain’s EU membership drawn from a recent conference where both sides of the debate were represented. 

Swati Dhingra, Thomas Sampson, 04 March 2016

In June, UK voters will decide whether to remain part of the EU. This column explores the UK’s options if a majority votes in favour of Brexit. One possibility is for the UK, like Norway, to join the European Economic Area and thereby retain access to the European Single Market. An alternative would be to negotiate bilateral treaties with the EU, as Switzerland has done. All options, however, involve a trade-off between political sovereignty and economic benefits.

Willem Buiter, Ebrahim Rahbari, Christian Schulz, 02 March 2016

Britain will hold a referendum on whether to stay or leave the EU. Current polls point a very close vote. This column argues that Brexit could have serious economic and political consequences for the rest of the EU. The economic and financial frictions could be limited if both parties try to strike an amicable separation agreement. But political considerations, including the desire of the rest of the EU to prevent Brexit emulation, might result in a far more damaging outcome, not just for the UK.

Nauro Campos, Fabrizio Coricelli, 11 December 2015

Whatever the result of Britain’s upcoming in-or-out referendum on EU membership, its relationship with the EU will change substantially. To assess these changes, it is important to understand how Britain has benefited from EU membership. This column argues that EU membership has brought benefits through three key mechanisms – trade, foreign investment, and finance. The current focus on UK exports to and imports from the EU may severely underestimate the true potential costs to Britain of Brexit.

Nauro Campos, Fabrizio Coricelli, Luigi Moretti, 19 June 2015

The imminence of the British referendum lays the European integration project at a crossroads. One tabled policy proposal is to offer different membership options – shallow integration (economic only) and deep integration (economic and political). This column presents new evidence comparing these two options. Focusing on Norway, a country that is economically but not politically associated with the EU, deep integration is estimated to bring a 6% productivity gain in the first five years, compared with shallow integration. These findings bring new economic arguments to debates about EU integration and membership.

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