Richard Koo on balance sheet recessions

The video below features Rich Koo’s address at the recent conference of the Institute for New Economic Thinking at King’s College, Cambridge. Koo is the world-renowned chief economist of Nomura Research Institute and the author of “The Holy Grail of Macroeconomics: Lessons from Japan’s Great Recession”.

Please also click through to the site of Institute for New Economic Thinking, formed last year a think tank by George Soros, for many other worthwhile presentations.

Source: INET (via YouTube), April 10, 2010.

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