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?
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…