Work

Presidential Address: Macrofinance and Resilience

Year: 2024

Type: article

Abstract: 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.

Source: The Journal of Finance

DOI: 10.1111/jofi.13403

Author: MARKUS K. BRUNNERMEIER

Institution: Princeton University

Language: English

Topic: Global Financial Crisis and Policies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $4,220

OpenAlex ID: W4404248963

FWCI: 8.638

Cites: 75

Cited by: 25

Related to: 10