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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...
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Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. Many mathematical … serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income …
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