Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome
The recent financial crisis has damaged the reputation of macroeconomics, largely for its inability to predict the impending financial and economic crisis. To be honest, this inability to predict does not concern me much. It is almost tautological that severe crises are essentially unpredictable, fo...
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| Format: | Article |
| Language: | English |
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American Economic Association,
2011-06-27T15:04:54Z.
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| Online Access: | Get fulltext |