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Scotland's jobs market - February to April 2013

posted to Scottish Economy Watch on Wed 12th Jun 13

The latest labour market data published today provide further evidence of improvement. Employment rose by 47,000 in February - April compared to the November - January quarter, and unemployment fell by 6,000 to 194,000, a rate of 7.1%. The numbers inactive
FAI Economic Commentary June 2013

posted to Scottish Economy Watch on Tue 11th Jun 13

The latest economic Commentary from the Fraser of Allander Institute, sponsored by PwC is published today. We have maintained our GDP forecast for 2013 at 0.9%, the same as our March forecast. For the two years 2014 and 2015, we have revised down slightly our
Wealth, inequality and tax (sort of!)

posted to Scottish Economy Watch on Sun 9th Jun 13

Yesterday, 8 June, my son, daughter and I walked down a Byres Road in Glasgow bathed in glorious sunshine. My young son Michael is mad about sports cars and Ferraris. As we ambled along suddenly we saw this beautiful red Ferrari. "Dad take a picture with your

Public sector jobs and fiscal austerity: update

posted to Scottish Economy Watch on Thu 13th Dec 12

Yesterday's publication of data on public sector jobs in Scotland for the third quarter of this year,enables me to updateearlier posts on public sector jobs and fiscal austerity: here and here. The latest data show there were 581,300 people employed in the
It's the borrowing costs not the flip-flop

posted to Scottish Economy Watch on Fri 5th Oct 12

The Scottish media has expressed some concern that Alex Salmond is "flip-flopping" over the issue of whether Scotland would have to sign up to a fiscal stability pact if an independent Scotland adopted sterling: here and here. In March he said we would, then
Small does matter

posted to Scottish Economy Watch on Sat 9th Jun 12

Paul Krugman rightly dismisses claims that the focus by advocates of austerity on the recent economic performance of small states such as Estonia and Latvia is irrelevant because they are too small too matter. Paul suggests that every economy even a small one

Scotland's future exchange rate regime

posted to mainly macro on Tue 23rd Apr 13

I have not, until now, written anything about prospective Scottish independence. In part I admit this is because the vote is a long way off (18th September 2014), and the polls have consistently suggested that the Scottish people will reject independence. However
Links for 12-14-2012

posted to Economist's View on Fri 14th Dec 12

Monetary Policy Innovations - Simon Wren-LewisA Fed That Is Focused on the Value of Clarity - NYTimes.comFed presidents discuss economic recovery - UChicago NewsWhat Is Wrong with the UK Economy? - Adam PosenWhy the Deficit and Not Jobs and Wages? - Robert
What is it about Latvia?

posted to mainly macro on Sat 9th Jun 12

that either makes visitors lose their critical faculties, or non-visitors like myself and Paul Krugman lose theirs. In my earlier post, I was not that surprised that a member of the ECBs Executive