Public Economics: The Macroeconomic Perspective

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. Public Economics:The Macroeconomic Perspective addresses these issues with the help of state-of-the-art macroeconomic tools 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 account for compensating or amplifying side effects of economic policy.

MATLAB code as well as teaching material (slides) are available as downloads from the author's homepage.