News in Systemic Risk: Tuesday, January 21, 2025 (9:45 a.m. ET) January 21, 2025 Estimating nonlinear heterogeneous agent models with nueral networks (Hanno Kase, Leonardo Melosi, and Matthias Rottner; BIS) Central banks' words matter for climate (Emanuele Campiglio; Central Banking) Exchange rates and recoveries from crisis: The role of labour market institutions (Muhammad Asali, Vytautas Kuokštis, Simonas Algirdas Spurga; VOXEU) Related Stories Yale Program on Financial Stability Presents Financial Crisis-Fighting Playbook Fed Official Michael Barr Provides an Inside Look at Crisis Response High School Students Visit Yale SOM for Introduction to Careers in Business and Economics