Shocks, Crises, and False Alarms: How to Assess True Macroeconomic Risk

Philipp Carlsson-Szlezak (Author), Paul Swartz (Author)

ISBN 10: 1647825407 / ISBN 13: 9781647825409

Edité par Harvard Business Review Press, 2024

Signed Copy . Very Good dust jacket. Signed by both authors on title page. Spine slanted. Slightly bowed. N° de réf. du vendeur V18OS-00152

Synopsis :

"a fresh, thorough and practicable book for anyone who wants to sharpen their macroeconomic judgment, structured in an easily accessible and insightful manner. It offers an invaluable framework to better understand growth, the financial sector and the key trends shaping the global economy." -- Financial Times

An essential new guide to navigating macroeconomic risk.

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.

How can leaders avoid these macro traps to make better tactical and strategic decisions?

In this perspective-shifting book, BCG Chief Economist Philipp Carlsson-Szlezak and Senior Economist Paul Swartz provide a fresh and accessible way to assess macroeconomic risk. Casting doubt on conventional model-based thinking, they demonstrate a more powerful approach to building sound macroeconomic judgment. Using incisive analysis built upon frameworks, historical context, and structural narratives--what they call "economic eclecticism"--the book empowers readers with the durable skills to assess continuously evolving risks in the real economy, the financial system, and the geopolitical arena.

Moreover, the authors' more nuanced approach reveals that the all-too-common narratives of economic collapse and decline are often false alarms themselves, while the fundamental strengths of our current "era of tightness" become visible.

With rational optimism rather than gloom, Shocks, Crises, and False Alarms speaks to the key financial and macroeconomic controversies that define our times--and provides a compass for navigating the global economy. Rather than relying on blinking dashboards or flashy headlines, leaders can and should judge macroeconomic risks for themselves.

À propos de l?auteur:

Philipp Carlsson-Szlezak is BCG's Global Chief Economist and a managing director and partner in the firm's New York office.

Paul Swartz is Senior Economist and executive director at BCG. He coleads the Center for Macroeconomics at the BCG Henderson Institute in New York.

The authors use their ongoing tactical and strategic research to advise executives and investors on macroeconomic risk, and they frequently publish and comment on the macroeconomy in Harvard Business Review, Fortune, World Economic Forum Agenda, and other business publications.

Détails bibliographiques

Titre : Shocks, Crises, and False Alarms: How to ...
Éditeur : Harvard Business Review Press
Date d'édition : 2024
Reliure : Couverture rigide
Etat : Good
Etat de la jaquette : Jaquette
Signé : Signé par l'auteur