Tag Archive: Richard Koo

Richard Koo: If Helicopter Money Succeeds, It Will Lead To 1,500 percent Inflation

After today's uneventful Fed announcement, all eyes turn to the BOJ where many anticipate some form of "helicopter money" is about to be unveiled in Japan by the world's most experimental central bank. However, as Nomura's Richard Koo warns, central banks may get much more than they bargained for, because helicopter money "probably marks the end of the road for believers in the omnipotence of monetary policy who have continued to press for further...

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Heterodox Economic Theories and GDP

Heterodox economic theories focus on the human desires to spend, to save, to obtain credit in order to anticipate spending and future earnings, to increase or to reduce debt or even to deplete existing savings, on human behaviour. Those theories neither think that humans are rational nor that markets are efficient.

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Explaining Richard Koo to Paul Krugman, to Austrian Economists and the SNB



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Abenomics: Japanese Economy Would Have Recovered Even Without it

Response to Prof. Nick Rowe, Carleton University, Canada and Lars Christensen, the leading “Market Monetarist“.   Nick Rowe: Is the Bank of Japan trying to push down bond yields? Well, yes and no. Yes, it is fighting a battle to push down bond yields, but that battle is part of a wider war for economic recovery. And …

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Why it Makes Sense to Exit the Euro Zone in Times of Balance Sheet Recessions

Italy will follow Japan for decade(s) of balance sheet recession. There is one mean to avoid it. The periphery should use current positive market sentiments and low inflation to exit the euro zone.

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Richard Koo’s newest paper: About the Ineffectiveness of Monetary Expansion



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7b) Major Schools of Economics



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Richard Koo: Balance Sheet Recessions



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Quantitative Easing: The Fed Wants Americans to Continue Deficit Spending

The main drivers for demand for Swiss francs are the Euro crisis, but even more the behavior of American investors, who go out of the dollar in the fear of further bad US economic data and in the fear of Quantitative Easing. This usually pushes down the dollar and inflation hedges like the Swiss franc and …

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The Balance Sheet Recession: UK Q2 Housing Equity Injection Largest Since Q2 2011

The American-Taiwanese economist Richard Koo, is the chief-economist of the Nomura Research Institute. In his theory of the Balance Sheet Recession he distinguishes between the “Yang” phase of the economy and the “Yin” phase (the so-called “balance sheet recession”). In “Yang” times companies want to increase profit and people consume a big part of their pay …

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Richard Koo, Revitalizing the Eurozone without Fiscal Union, April 2012



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