Richard Koo On Why Economic Recovery Will Be So Difficult
28,096 views•May 13, 2020
Bloomberg Markets and Finance
Countries around the world are undergoing an unprecedented, simultaneous real economic shock. So how should policymakers respond? Richard Koo is the Chief Economist at the Nomura Research institute, and is well known for having popularized the concept of the "Balance Sheet Recession" drawing on his work from Japan’s post-bubble era. In today’s episode, he talks about how his work applies to this crisis, what can be done to revive growth, and why the aftermath will be so difficult.
Dr. Koo's book is about Japan after the 1991-92 real estate bubble burst, and is titled "The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession ".
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