Risk Topography: Systemic Risk and Macro Modeling (National Bureau of Economic Research Conference Report) - Hardcover

Hardcover

ISBN 10: 022607773X ISBN 13: 9780226077734

Verlag: UNIV OF CHICAGO PR, 2014

Inhaltsangabe

The recent financial crisis and the difficulty of using mainstream macroeconomic models to accurately monitor and assess systemic risk have stimulated new analyses of how we measure economic activity and the development of more sophisticated models in which the financial sector plays a greater role.

Markus Brunnermeier and Arvind Krishnamurthy have assembled contributions from leading academic researchers, central bankers, and other financial-market experts to explore the possibilities for advancing macroeconomic modeling in order to achieve more accurate economic measurement. Essays in this volume focus on the development of models capable of highlighting the vulnerabilities that leave the economy susceptible to adverse feedback loops and liquidity spirals. While these types of vulnerabilities have often been identified, they have not been consistently measured. In a financial world of increasing complexity and uncertainty, this volume is an invaluable resource for policymakers working to improve current measurement systems and for academics concerned with conceptualizing effective measurement.

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Über die Autorin bzw. den Autor

Markus Brunnermeier is the Edwards S. Sanford Professor of Economics at Princeton University and a research associate of the NBER. Arvind Krishnamurthy is the Harold L. Stuart Professor of Finance in the Kellogg School of Management at Northwestern University and a research associate of the NBER.

Details zur Ausgabe

• Verlag: UNIV OF CHICAGO PR
• Erscheinungsdatum: 2014
• Sprache: Englisch
• ISBN 10: 022607773X
• ISBN 13: 9780226077734
• Einband: Gebundene Ausgabe
• Anzahl der Seiten: 288
• Herausgeber: Brunnermeier Markus, Krishnamurthy Arvind
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar