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Fiscal policy: Its role in an independent Scotland

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  • Anthony J Laramie
  • Douglas Mair

Abstract

In this paper we consider the implications for macroeconomic fiscal policy in Scotland if the Scottish electorate votes in favour of independence in the referendum on 18 September, 2014. We offer the paper in the spirit of the new thinking that the Scottish government's Fiscal Commission has argued will be required if the potential benefits from the exercise of independently determined macroeconomic policy instruments are to be achieved.

Suggested Citation

  • Anthony J Laramie & Douglas Mair, 2013. "Fiscal policy: Its role in an independent Scotland," Working Papers PKWP1307, Post Keynesian Economics Society (PKES).
    • Handle: RePEc:pke:wpaper:pkwp1307
    as

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    File URL: https://postkeynesian.net/media/working-papers/PKWP1307.pdf
    File Function: First version, 2013
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    References listed on IDEAS

    as
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    3. Anthony Laramie & Douglas Mair, 2003. "The Effects of Taxation in a Kaleckian Growth Model," Metroeconomica, Wiley Blackwell, vol. 54(2‐3), pages 326-345, May.
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    6. Chamley, Christophe, 1986. "Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives," Econometrica, Econometric Society, vol. 54(3), pages 607-622, May.
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    More about this item

    Keywords

    Scotland; fiscal policy; secession;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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