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Stiglitz brings together this edited collection that presents a series of studies on contemporary macroeconomic issues and contains a set of key lessons for macroeconomic theory and policies from the recent global financial crisis. This volume is divided in three parts. Part one focuses on macroeconomic theory for understanding macroeconomic fluctuations and crises. Part two focuses on macroeconomic policies in times of crises. Finally, part three focuses on issues of central banking and monetary policy.