What comes after the Brexit vote?

We asked Chicago Booth faculty for their takes on the implications of the Brexit referendum. Their answers reflect the myriad choices the British government has still to make, and the dramatic economic consequences that may result.

Jul 25, 2016

Sections Economics Public Policy

Collections Trade Brexit

"In losing the UK, the EU is going to lose an important voice of reason."


"Until the EU and the UK come to a new understanding, uncertainty will forestall long-term investments, hiring decisions, and other activity."

"Some groups are negatively affected by globalization, and economists and policy makers mostly ignore these effects."

"The Brexit vote raises big political questions for the EU and its leaders, who must learn important lessons and adjust."

–Christian Leuz

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"Not only did experts' forecasts fail to rally the vote for 'Remain,' they probably contributed to the victory of 'Leave.'"

–Luigi Zingales

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"It’s hard to find an economic rationale for the majority to have voted to constrain migration; the reasons are all political."

"Leaving the EU may curtail immigration, but it will likely further serve to reduce Britain’s manufacturing industry."

–Erik Hurst

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"It’s not a technological law that globalization must march forward."

"Britain can respond to this by changing domestic policy to make it much more business friendly."

–Randall S. Kroszner

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