This time it has to be different: The policy response to the New Normal economy revisited
Paper by Professor Ronald MacDonald in which he analyses two key economic issues of the COVID-19 pandemic: addressing mass unemployment and reforming banking.
The Post Pandemic New Normal: The likely Socio-Economic Implications and Policy Choices facing Scotland and the UK
What kind of opportunities, radical reforms and potential policy actions can governments take to create a new form of social contract in the post-pandemic world?
Trade and the EU Referendum: Why the Leave campaign has simply got it wrong
The EU Leave campaign’s arguments about trade are based on out-dated, irrelevant assumptions and models and following them would be catastrophic for the UK economy.
An independent Scotland’s currency options redux: assessing the costs and benefits of currency choice
Paper demonstrating that all of the currency options available to an independent Scotland come with the price tag of an austerity programme.
Scottish independence is bad economics for three reasons
Analysis of currency options for an independent Scotland by Professor Ronald Macdonald.
Further thoughts on the recent currency debate
Is it credible for a post-independent Scotland to retain the pound sterling by remaining part of a sterling zone?
A Viable Plan B?
Commentary on the White Paper setting out the SNP’s stall for an independent Scotland on a range of economic issues from the currency to fiscal policy.
Currency Issues and Options for an Independent Scotland
By Professor Ronald MacDonald, Research Professor of Macroeconomics and International Finance, Adam Smith Business School, University of Glasgow 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…