Macro-feedback effects have been identified as a key missing element for more effective macro-prudential stress testing. To fill this gap, this paper develops a framework that facilitates the analysis ...

Baker, Malcolm, Brendan Bradley, and Ryan Taliaferro. "The Low-Risk Anomaly: A Decomposition into Micro and Macro Effects." Financial Analysts Journal 70, no. 2 (March–April 2014): 43–58.

Forbes contributors publish independent expert analyses and insights. Jacob Wolinsky covers hedge funds and emerging managers. Feb 20, 2023, 12:17pm EST This article is more than 3 years old. The ...

The recent short-lived strike by U.S. dock workers and port operators highlighted the inherent and persistent tension between what benefits individuals (micro effects) and what may better serve an ...