Public Economics: The Macroeconomic Perspective

Description

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. Front Matter ....Pages i-xviii Introduction (Burkhard Heer)....Pages 1-6 Front Matter ....Pages 7-7 Ramsey Model (Burkhard Heer)....Pages 9-61 The Overlapping Generations Model (Burkhard Heer)....Pages 63-98 Front Matter ....Pages 99-99 Government Consumption (Burkhard Heer)....Pages 101-177 Income Taxation (Burkhard Heer)....Pages 179-241 Front Matter ....Pages 243-243 Pensions (Burkhard Heer)....Pages 245-320 Public Debt (Burkhard Heer)....Pages 321-377 Back Matter ....Pages 379-388