The key idea behind the research is that decisions made today are, in part, based on expectations about the future. For example, the price at which shares in a company are bought and sold depends upon expectations about the company’s future performance.
This means that even before the UK leaves the EU, economic decisions will be affected by the expectations of future changes to the UK economy caused by Brexit. By analysing the impact of the referendum vote on stock market prices and trade flows this project will shed light on both the short-run economic effects of Brexit and how businesses and market participants expect Brexit to affect the UK economy in the longer term.
