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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Tuesday, March 8, 2011

Rethinking macroeconomic policy!

IMF addresses big economic questions through reexamining the mainstream macroeconomists’ framework – which largely ignored finance — in the light of the most economically devastating global financial crisis in more than half a century.
Here are the two links on updates:
1. Real Time Economics
2. IMFDirect

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