CHAPTER 2 How to Assess True Macroeconomic Risk
Before traversing the landscape of macroeconomic risks in the 18 chapters ahead of us, we invite readers to reflect more deeply on the three habits we introduced in chapter 1: letting go of master-model mentality, discounting doom-mongering, and practicing economic eclecticism. What motivates this approach to macroeconomic analysis and how can we make the habits actionable? Some may be tempted to skip directly to the risks analyzed in parts 1, 2, and 3, but we encourage readers to stay with this chapter to hear how we think about macroeconomics. What follows is not a preview of the risks, analyses, and findings—it is a deeper exposition of the analytical mindset we believe aids effective macroeconomic ...
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