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Bank of England report on Britain's EU membership cites research by Warwick economists

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Bank of England report on Britain's EU membership cites research by Warwick economists

Mark Carney, Governor of the Bank of England, recently gave a speech on Britain's EU membership and how it affects the Bank of England.

In his speech at Oxford University on Wednesday 21 October, Mark Carney said that:

“The evidence suggests the UK has successfully harnessed the benefits of openness afforded by its EU membership while avoiding some of the drawbacks of reduced flexibility from which some continental European economies suffer."

The report underlying his speech cites research by two economists here at Warwick.

Research undertaken by Mirko Draca on the impact of import competition from China on innovation and productivity and Dennis Novy’s research on international trade integration over the long run were both cited in the report.

View the Bank of England report in full; EU membership and the Bank of England (October 2015).


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