An Import(ant) Price of Brexit Uncertainty

We estimate the impact of trade policy uncertainty (TPU) on CES import price indices, focusing on the implications of Britains exit from the European Union (Brexit). Our analysis reveals that an increase in the probability of Brexit increases U.K. import price indices by raising the prices of本研究评估了贸易政策不确定性（TPU）对不变替代弹性（CES）进口价格指数的影响，重点聚焦英国脱离欧洲联盟（Brexit）所带来的相关效应。分析结果显示，英国脱欧概率的提升会通过抬升的价格，推高英国进口价格指数。