Brexit and Economic Shocks

The assignment discusses the effects of Brexit on the UK economy, including external trade shocks and internal economic shocks. It also analyzes the response of monetary policy, specifically quantitative easing, to mitigate these shocks. The document covers various sectors, such as banking, car industry, and construction, which are likely to be affected by Brexit. It concludes that while internal economic strength and stimulus policies may help, it will take time for the UK economy to adjust to resulting shocks.