Will the UK reset fiscal policy?

Nell, Jacob; Goodhart, Charles; Baker, Melanie; Secker, Graham; Manners, Chris; Simpson, Fiona; Ashworth, Nicholas J.; Heese, Anton; and Gysens, Bart (2016) Will the UK reset fiscal policy? Technical Report. Morgan Stanley, New York, USA.
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UK policymakers face a live choice on how to fight the Brexit blues. In our base case, monetary policy still leads the way, but we look at a risk scenario where fiscal stimulus pre-empts further easing.

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