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?.
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© 2016 Joseph E. Stiglitz
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Stiglitz, J.E. (2016). 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. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-137-58691-9_2
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DOI: https://doi.org/10.1007/978-1-137-58691-9_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-88768-2
Online ISBN: 978-1-137-58691-9
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