This book collects essays about the U.S. Great Recession of 2007 to 2009 and the subsequent stagnation from prominent scholars who predicted many aspects of the crisis. It argues that the policy challenges we face require an understanding of how the engine of residential construction and consumer spending growth failed in the Great Recession, where new spending growth can come from going forward, and how financial reform, income redistribution, and the conduct of monetary and fiscal policy can assist in this task.

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