Recent advances and future directions in macro-finance: macroeconomic conditions and corporate decisions
本文综述了宏观经济状况(如金融危机、疫情、自然灾害)如何影响企业决策的宏观金融文献,并介绍了本期特刊的文章,最后提出未来研究方向。
A decade after the 2007–2009 financial crisis, the covid-19 pandemic causes disruptive economic conditions and its uncertain nature makes the formulation of macroeconomic policy response challenging. Meanwhile, extreme weather and natural disasters linked to climate change become more frequent and adversely affect the economy. These challenges highlight the importance of better understanding the effects of macroeconomic conditions on corporate decisions. This article reviews the related macro-finance literature and introduces articles included in this special issue on this theme. In the end, we suggest possible future research directions.