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Andrew Scott

Professor of Economics

MSc (London) PhD (Oxford)

Andrew Scott is Professor of Economics and former Deputy Dean at London Business School.  He is also a Fellow of All Souls, Oxford University and the Centre for Economic Policy Research. 

His research focuses on longevity, an ageing society and fiscal policy and debt management. He has published widely in leading journals and with David Miles and Francis Breedon is author of a textbook, Macroeconomics: Understanding the Global Economy now in its Third Edition. His book, with Lynda Gratton, The Hundred Year Life has been published in 15 languages, is an Amazon best seller and was runner up in the FT/McKinsey Business Book of the Year Award 2016 and Japanese Business Book of the Year Award 2017.

Previously he was Managing Editor for the Royal Economic Society’s Economic Journal and Non-Executive Director for the UK’s Financial Services Authority 2009-2013. He has been an advisor on policy to a range of governments and government departments. He is currently on the advisory board of the UK’s Office for Budget Responsibility, the Cabinet Office Honours Committee (Science and Technology), Chairman of The Longevity Forum and a member of the UK government’s Longevity Council and the WEF council on Japan.

Andrew previously held positions at Oxford University, London School of Economics and Harvard University. His MA is from Oxford, his M.Sc. from the London School of Economics and his D.Phil. from Oxford University.


Government debt management: the long and the short of it

Faraglia E; Marcet A; Oikonomou R; Scott A

Review of Economic Studies 2019 Vol 86:6 p 2554-2604


Corporate implications of longer lives

Gratton L; Scott A

MIT Sloan Management Review 2017 Spring Vol 58:3 p 63-70


100-year life: living and working in an age of longevity

Gratton L; Scott A

Bloomsbury, 2016

How work will change when most of us live to 100

Gratton L; Scott A

Harvard Business Review Digital Articles 2016

Our assumptions about old and young workers are wrong

Gratton L; Scott A

Harvard Business Review Digital Articles 2016


Learning and price volatility in duopoly models of resource depletion

Ellison M; Scott A

Journal of Monetary Economics 2013 Vol 60:7 p 806-820

The impact of debt levels and maturity on inflation

Faraglia E; Marcet A; Oikonomou R; Scott A

Economic Journal 2013 Vol 123:566 p F164-F192


Macroeconomics: Understanding the wealth of nations 3rd Edition

Miles D; Scott A; Breedon F

John Wiley 2012

Quantative easing and unconventional monetry policy - An introduction

Joyce M; Miles D; Scott A; Vayanos D

Economic Journal 2012 Vol 122:564 p F271-F288


In search of a theory of debt management

Scott A; Faraglia E; Marcet A

Journal of Monetary Economics 2010 November Vol 57:7 p 821-836


Debt and deficit fluctuations and the structure of bond markets

Marcet A; Scott A

Journal of Economic Theory 2009 Vol 144:2 p 473-501

The dynamics of trade and competition

Chen N; Imbs J; Scott A

Journal of International Economics 2009 Vol 77:1 p 50-62


Fiscal insurance and debt management in OECD economics

Scott A; Faraglia E; Marcet A

Economic Journal 2008 Vol 118:527

Inflation implications of rising government debt

Scott A; Giannitsarou C

in Reichlin, L & West, K (eds), NBER international seminar on macroeconomics annual 2006, University of Chicago Press, 2008 pp 393 - 442


Optimal taxation and OECD labor taxes

Scott A

Journal of Monetary Economics 2007 Vol 54:3 p 925-944


Computational methods for the study of dynamic economics

Marimon R; Scott A; eds.

Oxford University Press, 2001

Discussion of Phelps E and Zoega G, 'Structural booms'

Scott A

Economic Policy 2001 Apr Vol 16:32 p 117-119

Macroeconomics: understanding the wealth of nations

Miles D K; Scott A

John Wiley, 2001


Optimal consumption under imperfect capital markets

Scott A

Economics Letters 2000 Vol 66:1 p 65-70

Sticky prices and volatile output

Scott A; Ellison M

Journal of Monetary Economics 2000 Vol 46:3 p 621-632


Empirical implications of optimal debt management under various financial market structures

Marcet A; Scott A

in Eijffinger S C W, Portes R et al. eds., The changing European financial landscape, CEPR, 1999

Fickle investors: an impediment to growth

Scott A; Uhlig H

European Economic Review 1999 Vol 43:7 p 1345-1370

Fickle investors: an impediment to growth?

Uhlig H, Scott A

European Economic Review 1999 June Vol 43:7 p 1345-1370

Fiscal policy and optimal debt management in OECD countries

Scott A; Marcet A

in Eijffinger S C W, Portes R et al. eds., The changing European financial landscape, CEPR, 1999


Determinants of UK business cycles

Holland A; Scott A

Economic Journal 1998 Jul Vol 108 p 1067-1092


Asymmetric business cycles: theory and time series evidence

Acemoglu D; Scott A

Journal of Monetary Economics 1997 Dec Vol 40:3 p 501-534

Labour market over the business cycle: can theory fit the facts?

Millard S; Sensur M; Scott A

Oxford Review of Economic Policy 1997 Autumn Vol 13:3 p 70-92

Property and inflation: is there a hedge?

Scott A

Journal of Real Estate Finance and Economics 1997 Jun Vol 15:1 p 59-76


Asymmetries in the cyclical behaviour of UK labour markets

Scott A; Acemoglu D

Economic Journal 1994 Nov Vol 104:427 p 1303-1323

Consumer confidence and rational expectations

Scott A; Acemoglu D

Economic Journal 1994 Jan Vol 104:422 p 1-19

Hark the herald cash tills ring

Scott A

Financial Times 1994 Dec 24

Seasonality in dynamic regression models

Scott A; Harvey A

Economic Journal 1994 Nov Vol 104:427 p 1324-1345


Estimation of single equation rational expectations models: an application to UK consumption

Robertson D C; Scott A

Oxford Bulletin of Economics and Statistics 1993 May Vol 55:2 p 237-244

What determines institutional investment?

Scott A; Dinenis E

Oxford Economic Papers 1993 Apr Vol 45:2 p 292-310


Dollar, the oil price and policy divergence

Allen C B; Scott A

Economic Outlook 1991 Feb Vol 15:5 p 50-55

Guide to European market information: EC countries

Brooke W,Scott J,eds.

London Business School Information Service, 1991

Investment needs of a unified Germany

Scott A

International Economic Outlook 1991 Jun Vol 1:1 p 30-35

New strategic tools for supply chain management

Westbrook R K,Scott C

International Journal of Physical Distribution and Logistics Management 1991 Vol 21:1 p 23-33

Place of commercial property in the UK economy

Currie D A; Scott A

London Business School, 1991


Awards for business excellence: a guide to sponsors

Scott J ed.

CBI/London Business School Information Service, 1990

Explaining consumption in the 1980s

Scott A

Economic Outlook 1990 Oct Vol 15:1 p 40-43

Source guide to economic information

Scott J ed.

London Business School Information Service, 1990


Portfolio selection and the investment performance of the UK pension funds

Scott A; Dinenis E

Economic Outlook 1989 Oct Vol 14:1 p 30-34

Savings and the Budget

Currie D A,Holly S,Scott A

Economic Outlook 1989 Feb Vol 13/5 p 16-23

Trends and cycles in GDP

Scott A; Smith P N

Economic Outlook 1989 Jun Vol 13:9 p 25-34

EMBAD, Global Business Assignment
EMBAG, Global Economic Environment
SLN, The Global Corporate Agenda
EMBAD, Understanding International Macroeconomy
EMBAD, Understanding International Macroeconomy

Research Interests

  • Longevity and an ageing society
  • Fiscal policy and debt management