Recommended articles: Risk and Data Scientist

1. How does uncertainty affect how UK firms invest? (The Big Picture).
2. Country Risk Analysis by Aswath Damodaran (Musing on Markets).
3. GDP at risk: The likelihood of another crisis-induced plunge in GDP is much lower today than it was a decade ago, but we are still at an early stage of building a financial stability policy framework that corresponds to the inflation-targeting framework that forms the basis for monetary policy. This column describes a step forward in developing such framework – the concept and measurement of GDP at risk, which helps us to understand the linkages between the financial sector and the real economy at an aggregate level (VOXEU).
4. More data or better data? Using statistical decision theory to guide data collection (LSE Business Review).
5. Machine learning: Stirred, not shaken: how market interest rates have been reacting to economic data surprises (Bank Underground).
6. The machine stops: The price of cyber (in)security. Cyber attacks are becoming more frequent and increasingly costly. This column discusses some of the challenges involved in measuring the economic damage caused by these attacks, including a lack of agreement on how to assess damage, an asymmetrical distribution where a few large-scale incidents account for most costs, and externality effects. A measurement framework, estimation strategy, and reliable data will all be needed for successful policy evaluation (VOXEU).