Public education policy in dynamic general equilibrium models

Abstract

This thesis is about fiscal policy and public finance in dynamic general equilibrium models.The aim is to study how reforms in the fiscal policy mix chosen (spending-tax), affectmacroeconomic outcomes (like per capita output, savings etc) and distribution among variouseconomic groups. Given that taxes are always distorting and/or that public spendingis not always beneficial for every income group, the key issue of this thesis is to look forthe least distorting tax mix and/or Pareto improving spending reforms. In this context, thethesis deals with three debated topics of the policy and academic agenda.