Presidential Address: Macrofinance and Resilience
这篇主席演讲从韧性视角重新审视宏观金融，提出从风险管理转向韧性管理，并介绍了一种新的韧性度量方法，区分了微观韧性与宏观韧性，同时将宏观金融模型分类为第一代和第二代模型，并联系了宏观金融的重要主题与韧性的关系。
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.