Rethinking Expectations: The Way Forward for Macroeconomics
Rethinking Expectations: The Way Forward for Macroeconomics
This book originated from a 2010 conference marking the fortieth anniversary of the publication of the landmark Phelps volume, Microeconomic Foundations of Employment and Inflation Theory, a book that is often credited with pioneering the currently dominant approach to macroeconomic analysis. However, in their provocative introductory essay, Roma
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