Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/174281 
Year of Publication: 
2016
Series/Report no.: 
ESRI Working Paper No. 548
Publisher: 
The Economic and Social Research Institute (ESRI), Dublin
Abstract: 
There is almost a complete consensus in the international literature that BREXIT will have a negative effect on the UK economy both in the short and long-run. The UK is one of Ireland's closest economic partners and little is known about the potential macro-economic impact that BREXIT could have on the Irish economy. In this paper, we use the new COre Structural MOdel of the Irish economy (COSMO) to attempt to quantify the medium to long-run impact of BREXIT on the Irish economy under a series of alternative scenarios. These scenarios are intended to cover a range of potential agreements between the UK and the EU. We find that the level of Irish output is permanently below what it otherwise would have been in the absence of BREXIT.
Subjects: 
Brexit
macroeconomic impacts
JEL: 
E17
E65
E66
C553
Document Type: 
Working Paper

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