Reconstructing Macroeconomic Theory to Manage Economic Policy
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Macroeconomics has not done well in recent years: The standard models didn't predict the Great Recession; and even said it couldn't happen. After the bubble burst, the models did not predict the full consequences. The paper traces the failures to the attempts, beginning in the 1970s, to reconcile
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美国国家经济研究局创建时间：
2014-09-01
