Intro -- Title Page -- Copyright -- Contents -- Contributors -- Introduction / Alan S. Blinder, Andrew W. Lo, and Robert M. Solow -- Part I. Rethinking Macroeconomics and Finance -- 1. Some Reflections on the Crisis and the Policy Response / Ben S. Bernanke -- 2. This Time, It Is Not Different: The Persistent Concerns of Financial Macroeconomics / J. Bradford DeLong -- 3. Credit Supply Shocks and Economic Activity in a Financial Accelerator Model / Simon G. Gilchrist and Egon Zakrajšek -- Part II. Rethinking Market Efficiency -- 4. The Efficient-Market Hypothesis and the Financial Crisis / Burton G. Malkiel -- 5. Behavioral Finance in the Financial Crisis: Market Efficiency, Minsky, and Keynes / Hersh Shefrin and Meir Statman -- 6. Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis / Christopher L. Foote and Kristopher S. Gerardi and Paul S. Willen -- Part III. Rethinking Financial Innovation -- 7. Ratings, Mortgage Securitizations, and the Apparent Creation of Value / John Hull and Alan White -- 8. The Role of ABSs, CDSs, and CDOs in the Credit Crisis and the Economy / Robert A. Jarrow -- 9. Finance Versus Wal-Mart: Why Are Financial Services So Expensive? / Thomas Philippon -- 10. Shadow Finance / Patrick Bolton and Tano Santos and José A. Scheinkman -- Part IV. Rethinking Financial Regulation -- 11. The Political Economy of Financial Regulation after the Crisis / Robert E. Litan -- 12. Pay, Politics, and the Financial Crisis / Kevin J. Murphy -- Index.