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

Anton Muscatelli

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    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.
    Original languageEnglish
    Pages (from-to)101-104
    Number of pages4
    JournalFraser of Allander Economic Commentary
    Issue number3
    Publication statusPublished - 3 Mar 2016


    • Scotland Bill
    • fiscal framework
    • Scottish parliament
    • Scottish economics


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