Macro Markets

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Focusing on the inadequacy of current financial markets, Robert Shiller proposes innovative solutions to address significant economic risks that impact society. He suggests creating new international markets for claims on national incomes and real estate, which could help mitigate the effects of global economic fluctuations and reduce wealth inequality. By tackling technical challenges related to measurement and settlement, Shiller argues that these new markets could surpass traditional stock markets in significance and activity, offering a transformative approach to economic risk management.