The fiscal framework and the Scotland Bill : right on the money

Muscatelli, Anton (2016) The fiscal framework and the Scotland Bill : right on the money. Fraser of Allander Economic Commentary, 39 (3). pp. 101-104. ISSN 2046-5378

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    Abstract

    This article started as a personal festschrift celebrating Scotland’s latest Economics Nobel Prize winner. It aimed to outline his work and then apply some of his methods to data that is used to monitor the Scottish economy. However the data turns out to hide a hornets’ nest. The hornets have to be dealt with if Scottish Ministers and Parliament are not to be stung when they start to use their new powers under the Scotland Act to manage the economy.