Monday, 15 July 2013

A New Approach for Analyzing and Managing Macrofinancial Risks

By Pat Light

The systems that constitute the global financial landscape have become increasingly interconnected since the financial crisis, but policy makers have lagged behind the trend and still manage monetary, fiscal, and financial stability policies in isolation. Andrew W. Lo and his coauthors (Robert C. Merton, Monica Billio, Mila Getmansky, Dale Gray, and Loriana Pelizzon) discuss the interconnectedness of global markets and the need for policy integration in a Financial Analysts Journal piece, “On a New Approach for Analyzing and Managing Macrofinancial Risks,” which appears in the March/April 2013 issue.

Abby Farson Pratt, assistant editor at CFA Institute, recently talked with Lo about his team’s research as part of our series of FAJ author interviews.

Read the interview...

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