Can the UK survive widespread dissatisfaction in both Scotland and England with the financing of public spending by Scotland's parliament? This timely book explains how fiscal autonomy could raise economic growth and efficiency in Scotland- to the benefit of both Scotland and the rest of the...

Are foreign exchange markets efficient? Are fundamentals important for predicting exchange rate movements? What is the signal-to-ratio of high frequency exchange rate changes? Is it possible to define a measure of the equilibrium exchange rate that is useful from an assessment perspective? The...

How successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exchange rate? What are the determinants and dynamics of equilibrium real exchange rates? How can misalignments be measured, and what are their causes? What are the effects of specific policies upon...