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A Brexit deal that minimizes damage for working people?

Author

Listed:
  • Onaran, Özlem

Abstract

In this brief we discuss the impact on the economy through five channels via the effects of Brexit on trade, migration, budget deficit, private investment, and the depreciation of the pound. Moving forward, a Brexit deal that minimizes damage for working people would require minimum distortion to the relationship with Europe. This requires negotiating membership to the customs union as well as access to the single market.

Suggested Citation

  • Onaran, Özlem, 2017. "A Brexit deal that minimizes damage for working people?," Greenwich Papers in Political Economy 16297, University of Greenwich, Greenwich Political Economy Research Centre.
  • Handle: RePEc:gpe:wpaper:16297
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    File URL: http://gala.gre.ac.uk/id/eprint/16297/1/GpercPolicyBrief_UOG_FEPS%20onaran%20brexit.pdf
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    More about this item

    Keywords

    UK Referendum; Brexit; Europe; Inequality; Wages; Globalization; Migration; Capital mobility;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution

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