Female leadership in macroeconomics is crucial to understand how the diversity and inclusiveness can shape major financial and economic decisions. Whereas the macroeconomics leadership was largely male dominated during earlier years, women leadership has been on the positive upward curve in recent years. Since such change is relatively new, evidence remains scanty and largely concentrates on how women leaders lead under uncertainty and crisis-time—a period when their leadership styles can be seen and exhausted most regularly. Recent research has examined the impact of women in key leadership roles, in politics, central banks, financial regulators, and corporate boards and how their presence has influenced and shaped uncertainty and macroeconomic crisis management. The role of female leadership can be explored through the prism of the glass ceiling, an assumption that there is a glass ceiling preventing the career growth of women, and the glass cliff, a situation in which underrepresented groups are assigned leadership positions in times of crisis to ensure a higher chance of failure. Nowadays, women hold a small share of top leadership roles globally—only 11% of Fortune 500 CEOs, 15% of the highest government positions, and 16% of senior roles in central banks.

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Female Macroeconomics Leadership

  • Alessia Paccagnini

摘要

Female leadership in macroeconomics is crucial to understand how the diversity and inclusiveness can shape major financial and economic decisions. Whereas the macroeconomics leadership was largely male dominated during earlier years, women leadership has been on the positive upward curve in recent years. Since such change is relatively new, evidence remains scanty and largely concentrates on how women leaders lead under uncertainty and crisis-time—a period when their leadership styles can be seen and exhausted most regularly. Recent research has examined the impact of women in key leadership roles, in politics, central banks, financial regulators, and corporate boards and how their presence has influenced and shaped uncertainty and macroeconomic crisis management. The role of female leadership can be explored through the prism of the glass ceiling, an assumption that there is a glass ceiling preventing the career growth of women, and the glass cliff, a situation in which underrepresented groups are assigned leadership positions in times of crisis to ensure a higher chance of failure. Nowadays, women hold a small share of top leadership roles globally—only 11% of Fortune 500 CEOs, 15% of the highest government positions, and 16% of senior roles in central banks.