This address reviews macrofinance from the perspective of resilience. It argues for a shift in mindset, away from risk management toward resilience management. It proposes a new resilience measure, and contrasts micro- and macro-resilience. It also classifies macrofinance models in first- (log-linearized) and second-generation models, and links the important themes of macrofinance to resilience.

中文翻译：

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总统致辞：宏观金融和韧性


本演讲从韧性的角度回顾了宏观金融。它主张转变思维方式，从风险管理转向弹性管理。它提出了一种新的弹性衡量标准，并对比了微观和宏观弹性。它还将宏观金融模型分为第一代（对数线性化）和第二代模型，并将宏观金融的重要主题与弹性联系起来。