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A Plea for an exit from Brexit and a second referendum

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  • Volker Clausen

    (University of Duisburg-Essen)

Abstract

This note argues that basically all strands of available empirical and quantitative evidence on the economic effects of Brexit arrive at the conclusion that the economic burden for Britain will be substantial. Furthermore, there are good reasons to expect that these costs are currently even underestimated as dynamic effects of Brexit are insufficiently captured by existing methods. Furthermore, all scenarios assume an orderly Brexit which looks increasingly unlikely. The best way forward is an exit from Brexit and to call for a second referendum on the concrete two policy alternatives which are now on the table.

Suggested Citation

  • Volker Clausen, 2019. "A Plea for an exit from Brexit and a second referendum," International Economics and Economic Policy, Springer, vol. 16(1), pages 31-35, March.
    • Handle: RePEc:kap:iecepo:v:16:y:2019:i:1:d:10.1007_s10368-018-00430-1
    DOI: 10.1007/s10368-018-00430-1
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    References listed on IDEAS

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    1. Clausen Volker & Schlösser Alexander & Thiem Christopher, 2019. "Economic Policy Uncertainty in the Euro Area: Cross-Country Spillovers and Macroeconomic Impact," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 239(5-6), pages 957-981, October.
    2. Thomas Sampson, 2017. "Brexit: The Economics of International Disintegration," Journal of Economic Perspectives, American Economic Association, vol. 31(4), pages 163-184, Fall.
    3. Swati Dhingra & Hanwei Huang & Gianmarco Ottaviano & João Paulo Pessoa & Thomas Sampson & John Van Reenen, 2017. "The costs and benefits of leaving the EU: trade effects," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 32(92), pages 651-705.
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