# Cost of Living, Fiscal Responses and the Constitution
> [!info] Resource details
> **Date:** 2022
> **Presenter:** Mairi Spowage (Director, Fraser of Allander Institute, University of Strathclyde)
> **Topics:** #cost-of-living #fiscal-policy #public-policy
> **Subjects:** #economics #politics #modern-studies
The cost-of-living crisis, the fiscal response options available to the Scottish Government, and how the constitution shapes them.
## Watch

## Online resources
- [Fraser of Allander Institute](https://fraserofallander.org/)
## Study guide questions
1. What is the energy price guarantee? Is this the maximum a household will pay for energy?
2. Why do decisions about tax rises and spending cuts affect financial markets?
3. How has the war in Ukraine affected inflation?
4. What is intergenerational inequality?
5. What is a recession? Are we in one now?
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