Abstract:

Shocks refer to unexpected and significant events that disrupt the normal functioning of an economy and society and lead to a sudden and substantial impact on key economic characteristics (such as performance, demand, growth, prices etc.) These shocks can have both short-term and long-term effects and can be challenging for governments, businesses, and individuals to manage. Hence, a wider social science perspective is required to understand and predict economic and social consequences of such exogenous events and dynamic patterns that might trigger such events. This working group aims to extensively discuss and profoundly analyse the concept, nature, empirics and implications of such shocks at micro and macro scale. Exemplary shocks from different areas will be presented, as e.g. technology shocks, climate related disasters, or pandemic disruptions. Potential empirical measurement approaches will be explored and inherent links to the scientific concept of resilience and related literature will be considered. Finally, relevant policy and governance implications will be outlined.

Interdisciplinary participants.

Location: St.Johann in South Tyrol

Dates: 25.8.-6.9.24