How to assess true macroeconomic risk (Record no. 527241)

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Personal name Carlsson-Szlezak, Philipp and Swartz, Paul
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Title How to assess true macroeconomic risk
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Harvard Business Review
300 ## - PHYSICAL DESCRIPTION
Extent 102(4), Jul-Aug, 2024: p.85-93
520 ## - SUMMARY, ETC.
Summary, etc In this article, adapted from the forthcoming book Shocks, Crises, and False Alarms, the authors explain how economic analysis works in the real world. They lay out three principles for navigating the rising number of economic risks: (1) Don’t put too much stock in any one economic model. (2) Ignore the doomsayers in the financial press. (3) Cultivate rational optimism and an eclectic form of judgment that draws on multiple sources. That involves identifying the critical drivers of potential risk, building a narrative, and pressure-testing it from multiple perspectives. The “dismal science” of economics and our clickbait culture of public discourse are a perfect match to fuel simplistic narratives of doom. To avoid false alarms and achieve a true assessment of macroeconomic risks, the authors write, leaders should look past both to reclaim their own judgment.- Reproduced

https://hbr.org/2024/07/how-to-assess-true-macroeconomic-risk
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Main entry heading Harvard Business Review
906 ## - LOCAL DATA ELEMENT F, LDF (RLIN)
Subject DIP MACRO ECONOMICS
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Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent location Current location Date acquired Serial Enumeration / chronology Barcode Date last seen Koha item type
          Indian Institute of Public Administration Indian Institute of Public Administration 2024-08-16 102(4), Jul-Aug, 2024: p.85-93 AR132687 2024-08-16 Articles

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