Shocks, Crises, and False Alarms: How to Assess True Macroeconomic Risk
English | 2024 | ISBN: 1647825407 | 320 Pages | | 34 MB
The shocks and crises of recent years-pandemic, recession, inflation, war-have forced executives and investors to recognize that the macroeconomy is now a risk to be actively managed. Yet unreliable forecasting, pervasive doomsaying, and whipsawing data severely hamper the task of decoding the landscape. Are disruptions transient and ephemeral-or permanent and structural? False alarms are costly traps, but so are true structural changes that go undetected.