Author: Richard C. Koo

All students who specialize in economics t theories of micro and macro-economics, will usually complete their studies with a sound understanding of each theoretical instrument or policy. A Keynesian policy, for example, involves the public sector or government increasing the aggregate demand, by either lowering or increasing the interest rate…

Debt-reduction, if done too aggressively and widely, is the source of economic malaise. This has been the case in Japan since 1989, resulting in what Richard Koo, an HK economist based in Tokyo, called “balance sheet recession.” In a sense, it is an attempt to overcome the glut of any…