Martin Reeves
Mihnea Moldoveanu
Adam Job
Philipp Carlsson-Szlezak
Paul SwartzThis research was published on June 11, 2024
Shocks and crises pose a real threat, but so does overreaction to them. And for every true crisis there are many false alarms. Understanding macroeconomic risk—the potential for negative or positive change, both cyclical and structural—is essential to responding to these threats with rational optimism.