economics


For further information see Dr. Armstrong’s submission to the Smith Commission: http://www.niesr.ac.uk/publications/devolution-uk-submission-smith-commission#.VICTWzGUeSo

Video: Smith Commission Debate 3/12/14 Dr. Angus Armstrong


Date: Wednesday 3rd December 2014 Time: 18:00 – 19:30 Venue: Yudowitz Seminar Room, Wolfson Medical Building Following the publication of the Smith Commission initial recommendations at the end of November, Policy Scotland is hosting an expert debate on the implications of the Smith recommendations on tax, welfare and the relationships […]

EVENT 3/12/2014: Smith Commission Debate




Date: Wednesday 5th November 2014 Time: 18:00- 19:30 Venue: Yudowitz Seminar Room, Wolfson Medical Building, University of Glasgow Cities are the powerhouses of regional and national economies across the world. Councillor Gordon Matheson, Leader of Glasgow City Council, is a passionate supporter of the cities agenda and was integral to […]

EVENT: Glasgow City Deal – The way forward for the ...


Photo Credit: Lending Memo By Sayantan Ghosal, University of Glasgow Originally published in  After a relatively benign period, market upheaval has returned. The main stock market indices have been falling across Asia, Europe and the US, while safe-haven assets like gold have been on the rise. This follows a slow […]

The main reason markets are falling? The future looks gloomier ...


By Ronald MacDonald Adam Smith Professor of Political Economy University of Glasgow and Research Fellow, CESifo Policy Group, Munich   A non-technical resume: • This paper demonstrates that all of the currency options available to an independent Scotland come with the price tag of an austerity programme. This is due to the need to accumulate foreign […]

An independent Scotland’s currency options redux: assessing the costs and ...



By Professor Anton Muscatelli The economic crisis of the last decade has cast the spotlight on economic inequality. But whilst inequality has been thrown into sharper relief by the recent recession, it has much deeper roots. Increasing inequality pre-dates the financial crisis in most industrialised countries. Understanding its causes is […]

Tackling trends in inequality


Dr Warren Mundy, Commissioner, Productivity Commission, Australia, participated in Policy Scotland’s debate on “Regulating an Independent Economy” back in December 2013. This paper was prepared for that debate. Abstract: The future prosperity of Scotland will depend on the ability of its people and its firms to innovate and adapt to […]

Business regulation for an independent Scotland – a view from ...


Announcement of a Conference on 11 September 2014, Adam Smith Business School, University of Glasgow and CALL FOR PAPERS A partnership of environmental, social justice, trade union and civic organisations in Scotland has established the need for a different direction for economic policy if we are to achieve our objectives of […]

An enquiry about an alternative sustainable economic policy



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By Ronald MacDonald Adam Smith Professor of Political Economy The long awaited White Paper setting out the SNP’s stall for an independent Scotland revealed key inadequacies in its thinking on a range of economic issues, from the currency to fiscal policy. The issue of the currency especially seems to have […]

A Viable Plan B?


In this paper, Professor Ronald MacDonald takes on the role of a ‘virtual consultant’ to a potentially independent Scotland. What should the exchange rate regime of an independent Scotland look like? MacDonald argues that the current proposal of the Scottish government to remain part of the sterling zone is doomed […]

Currency Issues and Options for an Independent Scotland