Shocks, Crises, and False Alarms: How to Assess True Macroeconomic Risk
Paul Swartz · Philipp Carlsson-Szlezak
Jul 2024 · Gildan Media · Narrated by Jon Vertullo
headphones
Audiobook
9 hr 8 min
Unabridged
family_home
Eligible
info
reportRatings and reviews aren’t verified Learn More
Want a 55 min sample? Listen anytime, even offline.
Add
About this audiobook
An essential new guide to navigating the turbulent macroeconomic landscape as you form your strategy.
When turmoil hits, executives and investors face notoriously unreliable macroeconomic forecasts, whipsawing data, and contradictory opinions. Are disruptions transient and ephemeral—or permanent and structural? False alarms are costly traps, but so are true structural changes that go undetected. Leaders must also assess the doom-laden public macroeconomic discourse, which habitually presents worst-case scenarios as foregone conclusions.
How can executives avoid these traps and make better strategic decisions? In this incisive, perspective-shifting book, BCG global chief economist Philipp Carlsson-Szlezak and senior economist Paul Swartz provide a fresh and accessible way to analyze and understand the macroeconomy—what they call "regime analysis"—that pushes beyond conventional model-based prediction to emphasize structural context and judgment. Focusing on what it takes for macroeconomic regimes to break, they apply their approach to key risks in the real economy, financial structures, and geopolitical arrangements to help senior executives and investors assess the true risks of their economic context and to build their capacity to respond to changing conditions more effectively.
When turmoil hits, executives and investors face notoriously unreliable macroeconomic forecasts, whipsawing data, and contradictory opinions. Are disruptions transient and ephemeral—or permanent and structural? False alarms are costly traps, but so are true structural changes that go undetected. Leaders must also assess the doom-laden public macroeconomic discourse, which habitually presents worst-case scenarios as foregone conclusions.
How can executives avoid these traps and make better strategic decisions? In this incisive, perspective-shifting book, BCG global chief economist Philipp Carlsson-Szlezak and senior economist Paul Swartz provide a fresh and accessible way to analyze and understand the macroeconomy—what they call "regime analysis"—that pushes beyond conventional model-based prediction to emphasize structural context and judgment. Focusing on what it takes for macroeconomic regimes to break, they apply their approach to key risks in the real economy, financial structures, and geopolitical arrangements to help senior executives and investors assess the true risks of their economic context and to build their capacity to respond to changing conditions more effectively.
About the author
Philipp Carlsson-Szlezak is Boston Consulting Group's global chief economist and a managing director and partner in the firm's New York office. He was previously chief economist at Sanford C. Bernstein.
Paul Swartz is senior economist and executive director at BCG. He coleads the Center for Macroeconomics at the BCG Henderson Institute. Paul previously worked at Sanford C. Bernstein, Goldman Sachs, the Council on Foreign Relations, and Bridgewater Associates.
Jon Vertullo is a voice-over and on-camera talent who has been performing on mic, stage, and screen since the age of ten. His voice has been described as "friendly, trustworthy, and engaging, with a sprinkling of nerdy fun!"
Rate this audiobook
Tell us what you think.
Listening information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can read books purchased on Google Play using your computer's web browser.
