Risk topography: systemic risk and macro modeling.

• Position: Bureau Books

Risk Topography: Systemic Risk and Macro Modeling, edited by Markus Brunnermeier and Arvind Krishnamurthy, will be available from the University of Chicago Press in August 2014.

The recent financial crisis and the difficulty of using mainstream macroeconomic models to accurately monitor and assess systemic risk have stimulated new analyses of how we measure economic activity and the development of more sophisticated models in which the financial sector plays a greater role.

The volume assembles contributions from leading academic researchers, central bankers, and other financial market experts that explore ways of refining and enhancing macroeconomic modeling in order to achieve more accurate economic measurement of risk...