Financial decisions are not made in a vacuum, yet most books on decision making in finance and economics fail to look at the bigger picture. In order to make sound choices, now and for the future, it is essential that anyone tasked with making them be equipped with the tools to anticipate all possible outcomes and responses.
Drawing on the many changes in economic growth, finance, and globalization the international market has experienced over the last few years, Dynamic Economic Decision Making: Strategies for Financial Risk, Capital Markets, and Monetary Policy provides an overview of a framework for decision making, diverting from the traditional, overlysimplistic, and often misleading short-term view that is widely used today. Dealing with uncertainty and risk, monetary policy and credit conditions, the impact of financial regulation, and other major trends, it offers a comprehensive analysis of the macro-economic and financial forces influencing the contemporary economic landscape.
The book details how decision making responds to actual changes in the economic environment, but that once a choice has been made, decision makers need to consider the implications of their actions, as well as the possible responses and implications that should be anticipated.
Highly relevant to both general readers and professionals, the book offers realistic approaches and applications. Combining three intellectual disciplines--economics, business, and decision making--which have tradition-ally been taught separately, Dynamic Economic Decision Making forges a new path that redefines how we view business choices.
A comprehensive analysis of the macroeconomic and financial forces altering the economic landscape
Financial decision-making requires one to anticipate how their decision will not only affect their business, but also the economic environment. Unfortunately, all too often, both private and public sector decision-makers view their decisions as one-off responses and fail to see their decisions within the context of an evolving decision-making framework.
In Decision-Making in a Dynamic Economic Setting, John Silvia, Chief Economist of Wells Fargo and one of the top 5 economic forecasters according to Bloomberg News and USA Today, skillfully puts this discipline in perspective.
* Details realistic, decision-making approaches and applications under a broad set of economic scenarios
* Analyzes monetary policy and addresses the impact of financial regulations
* Examines business cycles and how to identify economic trends, how to deal with uncertainty and manage risk, the building blocks of growth, and strategies for innovation
Decision-Making in a Dynamic Economic Setting details the real-world application of economic principles and financial strategy in making better business decisions.
John Silvia
Economic Theory Economics Volkswirtschaftslehre Wirtschaftstheorie