Public Economics: The Macroeconomic Perspective – eBook PDF
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.
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