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Preface Masanao Aoki; Preface Hiroshi Yoshikawa;
1. Introduction - a new approach to macroeconomics;
2. The methods - Jump Markov processes and random partitions;
3. Equilibrium as distribution - the role of demand in macroeconomics;
4. Uncertainty trap - policy ineffectiveness and long stagnation of the macroeconomy;
5. Slow dynamics of macro system - no mystery of inflexible prices;
6. Business cycles - an endogenous stochastic approach;
7. Labor market dynamics - a new look at the natural unemployment and the Okun's Law;
8. Demand saturation - creation and economic growth;
9. The types of investors and volatility in financial markets - analyzing clusters of heterogeneous agents;
10. Stock prices and the real macroeconomy - power-law versus exponential distributions.
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