Table of contents

  1. Front Matter
    Pages i-xviii
  2. Burkhard Heer
    Pages 1-6
  3. Useful Models

    1. Front Matter
      Pages 7-7
    2. Burkhard Heer
      Pages 9-61
    3. Burkhard Heer
      Pages 63-98
  4. Fiscal Policy

    1. Front Matter
      Pages 99-99
    2. Burkhard Heer
      Pages 101-177
    3. Burkhard Heer
      Pages 179-241
  5. Social Security, Demographics, and Debt

    1. Front Matter
      Pages 243-243
    2. Burkhard Heer
      Pages 245-320
    3. Burkhard Heer
      Pages 321-377
  6. Back Matter
    Pages 379-388

About this book


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. 


Public economics Public finance Financial crisis Government debt crisis Pension policies Public pension system Taxation Income taxation Ramsey model Overlapping generations model OLG models Government consumption Debt Demographic transition

Authors and affiliations

  • Burkhard Heer
    • 1
  1. 1.Department of Business and EconomicsUniversity of AugsburgAugsburgGermany

Bibliographic information

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Finance, Business & Banking