A Post-Brexit Prescription (Federal Reserve Bank of Minneapolis)

Even before the United Kingdom voted to leave the European Union, experts were nearly unanimous in predicting that “Brexit” would have disastrous effects on Britain’s economy. Indeed, the political fallout has already been considerable. New research from the Minneapolis Fed carves out new ground, however, in pointing toward a policy option that could offset the damage caused by the breakup: opening up foreign investment with other global partners after the split.