; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "The Impact of Brexit on Foreign Investment and Production"; ; "batchuser@example.com"; "McGrattan, Ellen R.", "Waddle, Andrea"; "Federal Reserve Bank of Minneapolis"; "Foreign investment", "FDI", "Brexit", "United Kingdom", "European Union"; "O33 - Technological Change: Choices and Consequences; Diffusion Processes", "O34 - Intellectual Property and Intellectual Capital", "F23 - Multinational Firms; International Business", "F41 - Open Economy Macroeconomics"; "Using simulations from a multicountry neoclassical growth model, we analyze several post-Brexit scenarios. First, the United Kingdom unilaterally imposes tighter restrictions on FDI and trade from other EU nations. Second, the European Union retaliates and imposes the same restrictions on the UK. Finally, the United Kingdom reduces restrictions on other nations during the post-Brexit transition. Model predictions depend crucially on the policy response of multinationals’ investment in technology capital, accumulated know-how from investments in R&D, brands, and organizations used simultaneously in their domestic and foreign operations."^^; "2018-12-19"; "2019-05-17T13:46:17.016736806+00:00"^^; "https://doi.org/10.21034/sr.542"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "2019-12-23T15:43:00.951002426+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "508", "820"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "542"; "United Kingdom", "European Union", "FDI", "Brexit", "Foreign investment"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "[Additional Files](http://users.cla.umn.edu/~erm/data/sr542/)"^^, "Published in: _American Economic Journal: Macroeconomics_ (Vol. 12, Iss. 1, January 2020, pp. 76-103), https://doi.org/10.1257/mac.20170399."^^; ; "Publication" . ; .