Swartz Paul
Swartz Paul - Shocks Crises And False Alarms How To Assess True Macroeconomic Risk - Hardcover
Swartz Paul - Shocks Crises And False Alarms How To Assess True Macroeconomic Risk - Hardcover
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Binding: Hardcover
Description: 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.
Title: Shocks Crises And False Alarms How To Assess True Macroeconomic Risk
Author(s): Swartz Paul
Publisher: Harvard Business Review Press
Barcode: 9781647825409
Pages: 320 Pages, Illustrations, Unspecified
Publication Date: 7/9/2024
Category: Business Strategy
Description: 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.
Title: Shocks Crises And False Alarms How To Assess True Macroeconomic Risk
Author(s): Swartz Paul
Publisher: Harvard Business Review Press
Barcode: 9781647825409
Pages: 320 Pages, Illustrations, Unspecified
Publication Date: 7/9/2024
Category: Business Strategy
