Richard Koo is the primary believer in what people call a "balance sheet recession", a recession ca…

But Koo, in his note, comes down clearly on the side that says China is in urgent need of real stru…

During the bubble period towards the middle of Figure 1, much attention was paid to the fact that t…

"Given the importance of getting the timing right, the FOMC needs to be absolutely sure that tighte…

This time, however, the government is preparing two more initiatives to strike at the heart of the …

A large part of China's economic prowess comes from its ability to provide cheaper labor than other…

In countries that do not engage in quantitative easing, meanwhile, the decline in long-term rates i…

...the recent announcements would not have been necessary if these countries had taken advantage of…

There was a strong sense that the victorious bid was the result of efforts by "Team Japan." Instead…

"Instead of falling back to 2.0% or lower following the Fed's decision to delay tapering, the 10-ye…

That's what the IMF is getting at when it says Greece's debt burden is unsustainable. It's also now…

At the time I was personally interested in a certain manufacturing concern in the city of Dresden, …

The other time I met him was at the Japan Dinner at Davos forum a number of years ago to which both…

The article says: Paul Krugman favors running deeper deficits, but folks like the chief of the Coun…

UK production peaked in about 2000 and held more or less steady for the six or seven years running …

Markets and media unaware that US is in QE trap Nevertheless, it was easy enough to predict that …

"Now that the nation's working-age population is starting to decline, the only way the economy can …

This is, of course, all predictable to anyone who has read Richard Koo, who has pointed out numerou…

Arguing need for longer-term fiscal consolidation is irresponsible The insistence that fiscal co…

Furthermore, requiring a balanced budget would incite creative bookkeeping that would make a mocker…