Financial Investment and Economic Policy Uncertainty in the UK

Azqueta-Gavaldon, A. (2017) Financial Investment and Economic Policy Uncertainty in the UK. In: 1st International Conference on Internet of Things and Machine Learning, Liverpool, UK, 17-18 Oct 2017, ISBN 9781450352437 (doi: 10.1145/3109761.3158380)

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Abstract

UK based financial firms following Brexit reported net disinvestment of 15 billion pounds. This was the fifth time financial disinvestment occurred since the production of this data: 1987. Parallel to this event, Economic Policy Uncertainty (EPU) in the UK experienced its biggest rise during Brexit June 2016. This note studies the relationship between EPU and its particular components and financial investment. I find that overall EPU and specifically fiscal policy, monetary policy, geopolitical, regulation and liquidity uncertainty have the highest negative sensitivity to financial investment.

Item Type:Conference Proceedings
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Azqueta Gavaldon, Andres
Authors: Azqueta-Gavaldon, A.
College/School:College of Social Sciences > Adam Smith Business School
Publisher:ACM Press
ISBN:9781450352437
Copyright Holders:Copyright © 2017 Association for Computing Machinery
First Published:First published in 1st International Conference on Internet of Things and Machine Learning: 40
Publisher Policy:Reproduced in accordance with the publisher copyright policy

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