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Three Fundamental Questions

In: Towards a General Theory of Deep Downturns: Presidential Address from the 17th World Congress of the International Economic Association in 2014

Author

Listed:
  • Joseph E. Stiglitz

    (Columbia University)

Abstract

This chapter, an extension of the Presidential Address to the International Economic Association, evaluates alternative strands of macroeconomics in terms of the three basic questions posed by deep downturns: What is the source of large perturbations? How can we explain the magnitude of volatility? How do we explain persistence?.

Suggested Citation

  • Joseph E. Stiglitz, 2016. "Three Fundamental Questions," International Economic Association Series, in: Towards a General Theory of Deep Downturns: Presidential Address from the 17th World Congress of the International Economic Association in 2014, chapter 1, pages 5-12, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-58691-9_2
    DOI: 10.1007/978-1-137-58691-9_2
    as

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