Understanding the Linkage of Public and Private Risk in the Global Economy

该项目旨在建立一个包括公共和私人机构在内的全球金融体系的详细模型。通过将系统视为相互关联的实体网络，该项目旨在引入新技术来绘制和追踪金融系统中风险的演变，预测系统中实体之间的风险溢出，并对潜在的政策措施进行反事实分析。本项目将探讨溢出强度与现有金融数据中极端事件研究之间的联系。通过研究最近的危机如何在全球金融体系中蔓延，该项目旨在提高我们预测未来危机的能力，并减轻其影响和成本。

This project aims to develop a richly detailed model of the global financial system including both public and private institutions. By treating the system as a network of interconnected entities, this project aims to introduce new techniques to map and to trace the evolution of risk in the financial system, to forecast the spillover of risk between entities in the system, and to conduct counterfactual analysis of potential policy measures. This project will investigate the link between spillover intensity and the existing research on extreme events in financial data. By studying how the recent crisis spread through the global financial system, this project aims to enhance our ability to foresee future crises and to mitigate their impact and costs.