Notes on Stochastic Choice

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Mas-Colell, Andreu. Notes on Stochastic Choice. 2006
http://hdl.handle.net/10230/454

To cite or link this document: http://hdl.handle.net/10230/454

Title:	Notes on Stochastic Choice
Author:	Mas-Colell, Andreu
Other authors:	Universitat Pompeu Fabra. Departament d'Economia i Empresa
Abstract:	The present paper describes recent research on two central themes of Keynes General Theory: (i) the social waste associated with recessions, and (ii) the effectiveness of fiscal policy as a stabilization tool. The paper also discusses some evidence on the extent to which fiscal policy has been used as a stabilizing tool in industrial economies over the past two decades.
Document type:	Working paper
Date:	2006
Rights:	Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)