Richard Koo has a big hammer: it is the idea of the “balance sheet recession” — which happens when the indebted focus on paying down debt. But people with hammers tend to view everything as a nail. Here, the chief economist of the Nomura Research Institute shows the virtues, but also the limitations, of his intellectual tool.
《逃離資產負債表衰退及QE陷阱：世界經濟的危險之路》(The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy)，辜朝明(Richard Koo)著，威利(Wiley)出版社出版，定價26.99英鎊/39.95美元
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