skip to content

The Cambridge-INET Institute - continuing as the Janeway Institute


Prof. Giancarlo Corsetti "The Pound and the Macroeconomic Effects of Brexit"

Professor Giancarlo Corsetti and Gernot Müller have published a new VoxEU article "The Pound and the Macroeconomic Effects of Brexit".

For decades, the UK government has been very careful in ensuring a low-risk status for its public and private debt. This column warns that if the UK opts to leave the EU, uncertainty over the implications of Brexit would put this low-risk status in jeopardy. A depreciation of the pound could well generate an export boom, but this would not compensate for the damage to internal demand and to the UK’s ability to access external financing of its deficits.

Please click here to open the article on the Vox EU page.

Published on: Monday 20th June 2016