The Faculty of Economics at Cambridge has a reputation for innovation. This page brings together the latest thinking from the Faculty’s world leading economic minds about Brexit.

Dr. Meredith Crowley has been quoted in The New York Times article "Getting Brexit Deal Over Finish Line Would Only Begin a Torturous New Race" and the Financial Times have cited her paper "Renegotiation of Trade Agreements and Firm Exporting Decisions: Evidence from the Impact of Brexit on UK Exports" (joint with Oliver Exton and Lu Han), in the article "How Uncertainty Hits Business Investment". Dr. Crowley was also involved in writing The Brexit Scorecard, a new academic report put together by UK in a Changing Europe, that evaluates the impacts of Brexit so far. The ESRC funded UK in a Changing Europe project also made her a Senior Fellow.

In the articles 'How to Find Out What MPs Really Want' and ‘Breaking the Brexit impasse’, Dr. Toke Aidt, Professor Hamid Sabourian and Professor Jagjit Chadha examine the use of a sequential voting system to make the democratic process fair to all views.

Tom Auld and Professor Oliver Linton’s recent article shows that the betting market predicted the Brexit result an hour earlier than the foreign exchange market. A number of media outlets have relayed the findings of their paper, including Sky News, Daily Mail, Hindustan Times, London Economic, Interesting Engineering and Belfast Telegraph.

Dr. Meredith Crowley and Professor Giancarlo Corsetti have a large array of research on their Brexit Project Page which examines the impact of trade policy and exchange rate shocks on trade.

Or see the news section to find out more about the Faculty’s recent activity and research into Brexit.

Media outlets are welcome to contact our experts directly, or through the University of Cambridge Communications Office.

: Professor Giancarlo Corsetti
Pierre Werner Chair at the European University Institute

Research Interests
International Economics and Open Economy Macroeconomics

: Dr Toke Aidt
Reader in Economics
Director of the Keynes Fund

Research Interests
Political Economics

: Professor Meredith Crowley
Professor of International Economics
Senior Fellow, UK in a Changing Europe
Research Fellow, CEPR (London)

Research Interests
International trade and trade policy

: Professor Oliver Linton
Professor of Political Economy

Research Interests
Econometric Theory and practice; Empirical Finance

: Professor Hamid Sabourian
Professor of Economics and Game Theory

Research Interests
Economic theory and game theory

PhD Students

Published Papers

: The Looming Threat of Tariff Hikes: Entry into Exporting under Trade Agreement Renegotiation
Crowley, M. A., Exton, O. and Han, L., (2020), AEA Papers and Proceedings

: The Behaviour of Betting and Currency Markets on the Night of the EU Referendum
Auld, T. and Linton, O., (2019), International Journal of Forecasting

: Breaking the Brexit impasse: Achieving a fair, legitimate and democratic outcome
Aidt, T.S., Chadha, J.S. and Sabourian, H., (2019), National Institute Economic Review

Cambridge Working Papers in Economics

: The Further Economic Consequences of Brexit: Energy
Pollitt, M .G. (2021)

: The Macroeconomic Stabilization Of Tariff Shocks: What Is The Optimal Monetary Response?
Bergin, P. R. and Corsetti, G. (2020)

: The Looming Threat of Tariff Hikes: Entry into Exporting Under Trade Agreement Renegotiation
Crowley, M. A., Exton, O. and Han, L. (2020)

: The Three Meaningful Votes: Voting on Brexit in the British House of Commons
Aidt, T., Grey, F., Savu, A. (2019)

: The Euro Crisis in the Mirror of the EMS: How Tying Odysseus to the Mast Avoided the Sirens but Led Him to Charybdis
Corsetti, G., Eichengreen, B., Hale, G. and Tallman, E. (2019)

: Invoicing and the Dynamics of Pricing-to-market - Evidence from UK Export Prices around the Brexit Referendum
Corsetti, G., Crowley, M. A. and Han, L. (2018)

: Renegotiation of Trade Agreements and Firm Exporting Decisions: Evidence from the Impact of Brexit on UK Exports
Crowley, M. A., Exton, O. and Han, L. (2018)

: The Behaviour of Betting and Currency Markets on the Night of the EU Referendum
Auld, T. and Linton, O. (2017)

Authored Book

Giancarlo, C., Feld, L.P., Lane, P.R., Reichlin, L A new start for the Eurozone: dealing with debt, (2015) Monitoring the Eurozone - CEPR

Research Grants

The impact of trade policy and exchange rate shocks on trade (ESRC), Crowley, M., Corsetti, G., Dr Lorand Bartels, Han, L., Exton, O., Dr. Huasheng Song

Keynes Fund Sponsored Projects

The Making of the Euro-area Crisis: Lessons from Theory and History Corsetti, G. and Eichengreen, B. (JHLP) Project Summary and Output
Monetary Policy, Housing and Consumption in the Euro Area Duarte, J. (JHOH) Project Summary and Output

More Keynes Fund Sponsored Projects >>

News

: Associate Professor Toxvaerd interviewed on cost of living crisis
An analysis of the UK cost of living crisis discussed by Associate Professor Flavio Toxvaerd from the Faculty of Economics on Radio Ciudad.
Published on - Thursday 25th May 2023

: Meredith Crowley on Brexit
Professor Meredith Crowley was interviewed on the BBC 2 TV programme Newsnight with her analysis of the state of the UK economy three years on from Brexit.
Published on - Wednesday 1st February 2023

: Boris Johnson leaves a mixed legacy with his Brexit gambit
The e-book, “The Economics of Brexit: What Have We Learned?”, which Prof. Meredith Crowley provided a chapter for, has been quoted in a New York Times article about Boris Johnson's prime ministerial legacy.
Published on - Wednesday 13th July 2022

: European Union Politics Publish MPhil Paper
Eddy Yeung, a former University of Cambridge MPhil student, has been published in the academic journal, European Union Politics.
Published on - Monday 19th July 2021

: Brexit, Covid-19, Business, and Economic Inequality
Dr. Meredith Crowley will be speaking at two panels as part of The UK in a Changing Europe's Spotlight series. The online events will take place on Tuesday 9th March 2021 and Friday 12th March 2021, from 12.00 – 1.15pm. Both are free to register and watch.
Published on - Wednesday 3rd March 2021

: The Effect of Trade Deals on UK Farming and Food Prices
Dr. Meredith Crowley was interviewed for BBC1's Countryfile, where she talked about how future trade deals could affect the UK, especially UK farming and food prices.
Published on - Monday 1st February 2021

: Brexit - As Consumers, Britons have the Most to Lose
Dr. Meredith Crowley was interviewed about Brexit and it's effect on the UK economy, by the daily French newspaper La Croix. Dr Crowley answered questions on the proposed post-Brexit trade deals that Prime Minister Boris Johnson is negotiating with countries such as Japan, China and the US.
Published on - Tuesday 15th December 2020

: The Faculty Addresses Brexit, post-COVID Challenges and Diversity
As incoming chair of the Faculty of Economics Professor Leonardo Felli has faced unprecedented challenges, and his first year would be unusual year in every possible way.
Published on - Monday 14th December 2020

: The Freeport Con
Dr. Meredith Crowley was quoted in the New Statesman article "The Freeport Con", which looks at the setting up of freeports as a post-Brexit trade policy. The UK government is championing these free economic zones, but experts are not convinced they will work.
Published on - Thursday 12th November 2020

: How High is US-UK Trade on Joe Biden's Agenda?
Dr. Meredith Crowley gave a pre-recorded interview to Victoria Craig for the Marketplace Morning Report podcast. In the interview, Dr. Crowley talks about what a Joe Biden administration means for future UK-US trade relations and for Brexit. The Marketplace Morning Report is a BBC programme that broadcasts in the US on National Public Radio.
Published on - Tuesday 10th November 2020

: Economics of Brexit Conference For Early Career Researchers - Call for Papers
The UK in a Changing Europe, supported by Cambridge-INET, is organising a one-day virtual conference on the Economics of Brexit for Early Career Researchers (untenured assistant professors, postdocs, and PhD students) to take place on the 22nd September 2020, via Zoom. The deadline for submissions is 4th September 2020.
Published on - Thursday 13th August 2020

: European Parliament and Future EU-UK Trade Relations Webinar
Dr. Meredith Crowley will be a panellist on the live webinar "The European Parliament and Future EU-UK Trade Relations", organised by the European Parliament Liaison Office in the United Kingdom. The webinar will take place on Thursday 3rd September 2020, between 12:30-2:00pm. It is open to all and registration is free.
Published on - Thursday 23rd July 2020

: UK-US Trade Deal Negotiations
Dr. Meredith Crowley gave testimony to the House of Commons International Trade Committee, via Zoom, on the 17th June 2020. You can watch a video of the meeting on the parliamentlive.tv website.
Published on - Monday 22nd June 2020

: The Brexit Negotiations: A Stocktake
Dr. Meredith Crowley is one of the authors of a new report called "The Brexit Negotiations: A Stocktake", published by academic think tank UK in a Changing Europe. This report finds that it is hard to see how the sort of comprehensive deal the UK and EU say they want can be agreed without an extension.
Published on - Thursday 18th June 2020

: Will ‘level playing field’ Issues Derail the UK-EU Negotiations?
UK in a Changing Europe have published a blog by Dr. Meredith Crowley and Dr. Lu Han on "Will ‘level playing field’ Issues Derail the UK-EU Negotiations?" The blog poses that key question now is whether the two sides will be able to bridge the gap in a way that facilitates continued negotiation and, ultimately, a free trade deal.
Published on - Tuesday 2nd June 2020