Economics

What British, European, and American Policymakers Need to Do Now

Stimulate the economy, shrewdly manage UK-Euro trade talks, and above all, don’t deregulate finance.

by

Walter Frick

by

Walter Frick

June 24, 2016

News of the United Kingdom’s vote to Leave the European Union shook financial markets Friday, and signaled the start of potentially years of economic uncertainty for Europe. What can policymakers do in response? I asked Adam Posen, president of the Peterson Institute for International Economics. Previously, he was appointed by the UK Chancellor of the Exchequer to serve as an external member of the Bank of England’s rate-setting Monetary Policy Committee.

Walter Frick is a contributing editor at Harvard Business Review, where he was formerly a senior editor and deputy editor of HBR.org. He is the founder of Nonrival, a newsletter where readers make crowdsourced predictions about economics and business. He has been an executive editor at Quartz as well as a Knight Visiting Fellow at Harvard’s Nieman Foundation for Journalism and an Assembly Fellow at Harvard’s Berkman Klein Center for Internet & Society. He has also written for The Atlantic, MIT Technology Review, The Boston Globe, and the BBC, among other publications.

What British, European, and American Policymakers Need to Do Now

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