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.
Keywords: Scotland, fiscal policy, secession
JEL classification: E62: Fiscal Policy F52: National Security; Economic Nationalism H77: Intergovernmental Relations; Federalism; Secession R11: Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
Download: Working Paper PKWP1307