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Information and Economics: A New Way to Think About Expectations and to Improve Economic Prediction.

Paper Conference paper | | Apr 2015

The largely unexpected arrival of the global economic crisis and the largely unpredicted slowness of the recovery from the Great Recession should be precipitating an intellectual crisis across economics and policy making. We require additional theories and additional methods to detect how an economy is evolving and to provide the basis for policy intervention (Haldane, 2014).