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Risk Topography: Systemic Risk and Macro Modeling
Contributor(s): Brunnermeier, Markus (Editor), Krishnamurthy, Arvind (Editor)
ISBN: 022607773X     ISBN-13: 9780226077734
Publisher: University of Chicago Press
OUR PRICE:   $116.82  
Product Type: Hardcover
Published: August 2014
Qty:
Temporarily out of stock - Will ship within 2 to 5 weeks
Additional Information
BISAC Categories:
- Business & Economics | Economics - Macroeconomics
- Business & Economics | Finance - General
- Business & Economics | Economics - Microeconomics
Dewey: 338.5
LCCN: 2013040582
Series: National Bureau of Economic Research Conference Report
Physical Information: 1" H x 6" W x 9" (1.20 lbs) 288 pages
 
Descriptions, Reviews, Etc.
Publisher Description:
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.

Contributor Bio(s): Krishnamurthy, Arvind: - 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.Brunnermeier, Markus: - Markus Brunnermeier is the Edwards S. Sanford Professor of Economics at Princeton University and a research associate of the NBER.