Macro Risk
| Lecture handout: Macro Risk. Here is the quiz. |
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Recommended reading
- Carlsson-Szlezak, P., and Swartz, P., “How to assess true macroeconomic risk” Harvard Business Review, July-August 2024
- You can read the 2025 AXA Future Risks Report here.
- IMF Annual Report 2025 here.
Recommended audio
- The Economy in 2026: What Risks Lies Ahead? with Gita Gopinath, The Economics Show, Financial Times, January 23rd 2026 – Martin Wolf interviews the IMF economist. The discuss post-Brexit impact, elevated debt levels and rising fiscal dominance.
- The limits of monetary policy, with Agustin Carstens, The Economics Show, Financial Times, November 14th 2025 – Carstens talks about the critical importance of macro stability for emerging markets and expresses concern that a system of national central banks may no longer be fit for purpose in a world of more complex global financial instability.
Don’t forget that macro risk is only one component of global risk!
Here is the 2025 AXA Future risks report:
- See this online course on Ethics and Global Catastrophic Risk from the Hong Kong Catastrophic Risk Center