In today’s world; the most pressing challenges for public economics are of macroeconomic nature: debt; pensions; fiscal sustainability and income distribution; and. All these problems are formed by the phenomenon of aging and demographic transition. Public Economics: The Macroeconomic Perspective; (PDF) addresses these issues with the assistance of state-of-the-art macroeconomic tools that are based on a sound microfoundation and grounded in empirical evidence. Different from the standard partial-equilibrium analysis in conventional textbooks on public economics; the concept of general equilibrium helps to account for amplifying or compensating side-effects of economic policy.
NOTE: The product includes the ebook; Public Economics: The Macroeconomic Perspective in PDF. No access codes are included.