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Rethinking Expectations: The Way Forward for Macroeconomics by Roman Frydman, Edmund S. Phelps (Hardcover, 2013)

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ISBN-13: 9780691155234, 978-0691155234. Rethinking Expectations The Way Forward for Macroeconomics. The financial crisis that began in 2007, preceded by a spectacular boom and bust in asset prices that REH models implied could never happen, has spurred a quest for fresh approaches to macroeconomic analysis.