U.S. stock prices fell more than 5% in the two-day aftermath of the British vote to leave the European Union. But equities have since regained those losses and are back near all-time highs.
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US Policy Uncertainty post-Brexit Revised Down
But still looks darned high. Wonder what it is in the UK…
Chinn-Ito Financial Openness Index Updated to 2014
The Chinn-Ito index revised and updated to 2014 is now available here.
Guest Contribution: “How to Save the UK (Inside the EU)”
Today, we are pleased to present a guest column written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers.
I see a possible way out for the trap that Brits now find themselves in, a way to keep Great Britain great.
Policy Uncertainty (in America) in the Wake of Brexit
I find it remarkable that, going by the numbers, economic policy uncertainty is now higher than after the bankruptcy of Lehman — and even higher than in the days after 9/11.
Economic consequences of Brexit
Here are my two pence on some of the consequences of Britain’s vote to leave the European Union.
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Guest Contribution: “Does the Economy Really Do Better Under Democratic Presidents?”
Today, we are pleased to present a guest column written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. This is an extended version of a column appearing at Project Syndicate.
Looking at the UK Economy, Post-Brexit
Here are some assessments of the economic impact on the UK economy, over the short (business cycle horizon) to long run.
The Pound, 4AM London Time
As assessed probability of Brexit rises, the pound falls.
USD per Pound, last 5 days, as of 4AM London time. Source: Bloomberg.
Pound is down 9.29% against USD since London close (5PM local).
Kansas and Her Neighbors: GDP Edition
Some critics (e.g., [1]) have argued that employment and coincident indicators are too narrow of measures of economic activity to make relevant comparisons. Here I plot the real GDP — the broadest measure of economic activity — for Kansas and her neighbors.