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Fokus Frühling/Sommer 2016Focus spring/summer 2016
11/18/2018 : 6:34 am : +0100

 

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Focus Spring/Summer 2016

We present and discuss current research and economic policy related topics in International Economics. This quarter about:

Brexit and its consequences

The Bank of England's monetary policy committee unveils a four-point plan to mitigate the impact of the EU referendum vote.

undefinedDerStandard (German)

undefinedGuardian

As a consequence of Brexit, the European Union looses a central member regarding its Foreign Affairs and Security Poilcy. The European Union will need to rearrange its military cooperation.

British consumer morale suffered its sharpest drop in more than 26 years after last month’s decision by voters to leave the European Union, according to figures that are likely to embolden Bank of England policymakers to take action next week.

undefinedFAZ (German)

undefinedFortune

British manufacturing shrank at its fastest pace in more than three years in July and business confidence tumbled following the Brexit vote, according to surveys that show an increased chance of a recession ahead.

undefinedSueddeutsche (German)

undefinedReuters

British citizens voted to leave the European Union. How should the EU arrange the leave-negotations and what result should be their goal? - commentary by Clemens Fuest (ifo institute).

undefinedFAZ  (German)

 

Austria's economy will be affected when Great Britain leaves the European Union. Employment-seekers, students and tourism economies will face new risks.

undefinedDiePresse (German)

 

Roberto Avzevedo, general-secratary of the World Trade Organisation, warns that Great Britain would have to re-negotiate its free-trade agreements in case of a Brexit. The conditions of WTO-membership would also require re-negotiations in case of a Brexit.

undefinedDerStandard (German)

 

A victory of british Leave-campaign could be followed by Referendums in other EU-countries. In the case of a Brexit, Austria would face negative, albeit indirect, consequences.

undefinedWiener Zeitung (German)

Their forecast of income gains from Brexit contrasts with all other economic analysis. The only modelling details provided by Economists for Brexit come from Professor Patrick Minford of Cardiff University.He argues that Brexit will raise the UK’s welfare by 4% as a result of increased trade. So where exactly does he get his numbers from and why are they so different?

undefinedLSE commentary

In a poll of the ifo institute, the majority of german economists sees economic disadvantages for the UK and thus opposses a Brexit.

undefinedZeit (german)