In anticipation of GERS* day:
* Government Expenditure and Revenue Scotland (GERS)
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IFS still things it says enough to argue that ‘an independent Scotland would start with a sizeable structural deficit’ .
https://twitter.com/fiscalphillips/status/1427982568352362501
Have IFS ever responded to your specific criticisms of GERS?
No
But we are in very different economic locations
For a start, they don’t do macro
Nor do they do political economy
The IFS is predominantly funded by the UK Government in a somewhat circuitous manner. The idea that it is “independent” is fanciful. We have a saying here in Scotland. He who pays the piper calls the tunes.