Abstract
This address reviews macrofinance from the perspective of resilience. It argues for a shift in mindset, away from risk management toward resilience management. It proposes a new resilience measure, and contrasts micro- and macro-resilience. It also classifies macrofinance models in first- (log-linearized) and second-generation models, and links the important themes of macrofinance to resilience.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 3683-3728 |
| Number of pages | 46 |
| Journal | Journal of Finance |
| Volume | 79 |
| Issue number | 6 |
| DOIs | |
| State | Published - Dec 2024 |
All Science Journal Classification (ASJC) codes
- Accounting
- Finance
- Economics and Econometrics