Public Economics
The Macroeconomic Perspective| By: | Burkhard Heer |
| Publisher: | Springer Nature |
| Print ISBN: | 9783030009878 |
| eText ISBN: | 9783030009892 |
| Edition: | 0 |
| Copyright: | 2019 |
| Format: | Reflowable |
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Today, the most pressing challenges for public economics are of macroeconomic nature: pensions, debt, income distribution, and fiscal sustainability. All these problems are compounded by the phenomenon of demographic transition and aging. This graduate textbook addresses these issues with the help of state-of-the-art macroeconomic tools that are based on a sound microfoundation and rooted in empirical evidence. Different from the standard partial-equilibrium analysis in traditional textbooks on public economics, the concept of general equilibrium helps to account for compensating or amplifying side-effects of economic policy. GAUSS and MATLAB computer code as well as teaching material (slides) are available as downloads from the author's homepage.