Author details
Author Richard C. KOO |
Available item(s) by this author (2)
The Other Half of Macroeconomics and the Fate of Globalization / Richard C. KOO / John Wiley & Sons (2018)
Title : The Other Half of Macroeconomics and the Fate of Globalization Material Type: E-book Authors: Richard C. KOO Publisher: John Wiley & Sons Publication Date: 2018 ISBN (or other code): 9781119482154 General note: copyrighted Languages : English (eng) Abstract: This work argues that there are actually two parts to macroeconomics but only one part where the private sector is maximizing profits is taught in universities. But for the private sector to be maximizing profits, it has to have clean balance sheets and attractive domestic investment opportunities. The bursting of the bubble in 2008 destroyed millions of balance sheets on both sides of the Atlantic, and businesses have been discovering for years before 2008 that the return on capital is much higher in emerging economies than in advanced economies. This book argues that once the fundamental and inevitable changes taking place in advanced countries are understood, it is possible to devise appropriate policy response to slow growth and inflation in these economies. Nombre d'accès : Illimité Link for e-copy: http://library.ez.neoma-bs.fr/login?url=https://www.scholarvox.com/book/88873524 Record link: https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=490366 The escape from balance sheet recession and the QE trap / Richard C. KOO / Hoboken, N.J. : WILEY (2015)
Title : The escape from balance sheet recession and the QE trap : a hazardous road for the world economy Material Type: Book Authors: Richard C. KOO, Author Publisher: Hoboken, N.J. : WILEY Publication Date: 2015 Pagination: xxv, 320 p. ISBN (or other code): 978-1-119-02812-3 Price: 35 EUR General note: Bibliogr. p. 301-304. Index. Languages : English (eng) Keywords: Management
ECONOMIC CRISIS ; RECESSION ; MONETARY POLICYAbstract: Compare global experiences during the balance sheet recession and find out what is needed for a full recovery The Escape from Balance Sheet Recession and the QE Trap details the many hidden dangers remaining as the world slowly recovers from the balance sheet recession of 2008. Author and leading economist Richard Koo explains the unique political and economic pitfalls that stand in the way of recovery from this rare type of recession that was largely overlooked by economists. Koo anticipated the current predicament in the West long before others and issued warnings in his previous books: Balance Sheet Recession and The Holy Grail of Macroeconomics. This new book illustrates how history is repeating itself in Europe while the United States, which learnt from the Japanese experience, is doing better by avoiding the fiscal cliff. However, because of the liberal dosage of quantitative easing already implemented, the United States, the United Kingdom, and Japan may face a treacherous path to normalcy in what Koo calls the QE Trap. He argues that it is necessary to understand balance sheet recession in order to resolve the Eurozone crisis, particularly the competitiveness problems. Koo issues warnings against those who are too ready to argue for structural reforms when the problems are actually with balance sheets. He re-examines Japan's two decades of experiences with this rare recession and offers an insider view on the Abenomics. On China, readers will gain a very different historical perspective as Koo argues that western commentators have forgotten their own history when they talk about the re-balancing of the Chinese economy. * Learn from Japan which experienced the same predicament afflicting the West fifteen years earlier * Discover how unwinding of quantitative easing will affect the United States, the United Kingdom, Japan, as well as the emerging world * Examine solutions to the Eurozone problems caused by two balance sheet recessions eight years apart * Gain insight into China's problems from the West's own experiences with urbanisation
Koo, who developed the concept of balance sheet recession based on Japan's experience, took the revolution in macroeconomics started by John Maynard Keynes in 1936 to a new height. The Escape from Balance Sheet Recession and the QE Trap offers the world cure for balance sheet recession.
Record link: https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=158235 Copies (1)
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