{"product_id":"9781647825409","title":"Shocks, Crises, and False Alarms","description":"Author: Philipp Carlsson-Szlezak\u003cbr\u003eISBN: 9781647825409\u003cbr\u003ePublisher: Harvard Business Review Press\u003cbr\u003eYear first published: 16 Oct 2024\u003cbr\u003ePages: 320\u003cbr\u003eFormat: Hardback\u003cbr\u003e\u003cbr\u003e\u003cp\u003eAn essential new guide to navigating macroeconomic risk.\u003c\/p\u003e\u003cp\u003eThe shocks and crises of recent years  pandemic, recession, inflation, war  have forced executives and investors to recognise 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.\u003c\/p\u003e\u003cp\u003eHow can leaders avoid these macro traps to make better tactical and strategic decisions?\u003c\/p\u003e\u003cp\u003eIn 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 \u0026amp;#x27;economic eclecticism\u0026amp;#x27;  the book empowers readers with the durable skills to assess continuously evolving risks in the real economy, the financial system, and the geopolitical arena.\u003c\/p\u003e\u003cp\u003eMoreover, the authors\u0026amp;#x27; 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 \u0026amp;#x27;era of tightness\u0026amp;#x27; become visible.\u003c\/p\u003e\u003cp\u003eWith rational optimism rather than gloom, \u003ci\u003eShocks, Crises, and False Alarms\u003c\/i\u003e 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.\u003c\/p\u003e","brand":"Ships in 10 to 15 days","offers":[{"title":"Default Title","offer_id":46836342489246,"sku":"ADS-9781647825409","price":59.78,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0400\/9043\/5742\/files\/9781647825409.jpg?v=1778738294","url":"https:\/\/classicbargains.com.au\/products\/9781647825409","provider":"Classic Bargains Australia","version":"1.0","type":"link"}