Hardback The escape from balance sheet recession and the QE trap : a hazardous road for the world economy / Richard C. Koo.
Publication year: 2014
Publisher: Hoboken : John Wiley & Sons,
Resource type: Physical
ISBN: 9781119028123 (hbk.) :
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.