We empirically investigate the determinants of local authority mental health expenditure in England. We adopt a reduced form demand and supply model, extended to incorporate possible interaction among authorities, as well as unobserved spatial heterogeneity. The model is estimated using an...

This paper attempts to provide a conceptual framework for the analysis of counterfactual scenarios using macroeconometric models. As an application we consider UK entry to the euro. Entry involves a long-term commitment to restrict UK nominal exchange rates and interest rates to be the same as...