Macroeconomics and health.

The Macroeconomics of Health Savings Accounts: Supplementary Document

This is the supplement to the paper “The Macroeconomics of Health Savings Accounts” by the same authors. We present a short history of Health Savings Accounts (HSAs), describe the solution algorithm, and illustrate details about the estimation technique for the Markov transition matrices of the health shocks. JEL: H51, I18, I38,

HEALTH, HEALTH CARE, AND ECONOMIC DEVELOPMENT: Wealth, Health, and Health Services in Rural Rajasthan.

What are the determinants of health and of well-being? Income and wealth are clearly part of the story, but does access to health care have a large independent effect, as the advocates of more investment in health care, such as the World Health Organization’s Commission on Macroeconomics and Health (Commission on Macroeconomics and Health, 2001), have argued? This paper reports on a recent surv...

Africa's health and the Commission on Macroeconomics and Health.

Does Macroeconomics Need Microeconomic Foundations?

I argue that it is microeconomics that needs foundations, not macroeconomics. Preferences need to be built on biology, and, in particular, on neuroscience. In contrast, macroeconomics could benefit from rationalizations of aggregate economic phenomena by non-equilibrium statistical physics. Special issue Reconstructing Macroeconomics JEL: B22, B41, C82, D87

Crises and paradigms in macroeconomics

Contrasts are drawn between mainstream macroeconomics (with the ›New Consensus in Macroeconomics‹ taken as the current manifestation) and heterodox macroeconomics and their abilities to comprehend the fi nancial crises and world wide recession of 2007 – 09 for macroeconomic paradigms is discussed. Specifi cally, the contrasting ways in which the two schools of thought treat unemployment, human ...