Compare global experiences during the balance sheet recession and find out what is needed for a full recovery The Escape from Balance Sheet Recession and the QE Trap details the many hidden dangers remaining as the world slowly recovers from the balance sheet recession of 2008. Author and leading economist Richard Koo explains the unique political and economic pitfalls that stand in the way of recovery from this rare type of recession that was largely overlooked by economists. Koo anticipated the current predicament in the West long before others and issued warnings in his previous books: Balance Sheet Recession and The Holy Grail of Macroeconomics. This new book illustrates how history is repeating itself in Europe while the United States, which learnt from the Japanese experience, is doing better by avoiding the fiscal cliff. However, because of the liberal dosage of quantitative easing already implemented, the United States, the United Kingdom, and Japan may face a treacherous path to normalcy in what Koo calls the QE Trap. He argues that it is necessary to understand balance sheet recession in order to resolve the Eurozone crisis, particularly the competitiveness problems. Koo issues warnings against those who are too ready to argue for structural reforms when the problems are actually with balance sheets. He re-examines Japan's two decades of experiences with this rare recession and offers an insider view on the Abenomics. On China, readers will gain a very different historical perspective as Koo argues that western commentators have forgotten their own history when they talk about the re-balancing of the Chinese economy. Learn from Japan which experienced the same predicament afflicting the West fifteen years earlier Discover how unwinding of quantitative easing will affect the United States, the United Kingdom, Japan, as well as the emerging world Examine solutions to the Eurozone problems caused by two balance sheet recessions eight years apart Gain insight into China's problems from the West's own experiences with urbanisation Koo, who developed the concept of balance sheet recession based on Japan's experience, took the revolution in macroeconomics started by John Maynard Keynes in 1936 to a new height. The Escape from Balance Sheet Recession and the QE Trap offers the world cure for balance sheet recession.

lgli/[美]辜朝明 - 复盘：一个经济学家对宏观经济的另类解读（辜朝明深度解读全球经济与中国经济当下的处境，美国前财长劳伦斯·萨默斯、清华大学法学院教授高西庆联袂推荐） (2020, 中信出版集团).mobi

zlib/Business & Economics/Econometrics/[美]辜朝明/复盘：一个经济学家对宏观经济的另类解读（辜朝明深度解读全球经济与中国经济当下的处境，美国前财长劳伦斯·萨默斯、清华大学法学院教授高西庆联袂推荐）_21155498.mobi

复盘 : 一个经济学家对宏观经济的另类解读 = The escape from balance sheet recession and the QE trap: a hazardous road for the world economy

辜朝明 (Koo, Richard C.)

Richard C. Koo

美 辜朝明

John Wiley & Sons, Incorporated

American Geophysical Union

Zhong xin chu ban ji tuan

CITIC Publishing House

Wiley-Blackwell

John Wiley & Sons, Inc. (trade), Hoboken, 2014

United States, United States of America

China, People's Republic, China

Singapore, ©2014

Singapore, 2015

1, 2014

sources:
calibre:15d8da22-c208-4250-9286-455a4a27f98b

This book details the hidden dangers remaining as the world slowly recovers from the balance sheet recession of 2008. Koo explains the unique political and economic pitfalls that stand in the way of recovery from this rare type of recession that was largely overlooked by economists. This text illustrates how history is repeating itself in Europe while the United States, which learnt from the Japanese experience, is doing better by avoiding the fiscal cliff. Because of the liberal dosage of quantitative easing already implemented, the United States, the United Kingdom, and Japan may face a treacherous path to normalcy in what Koo calls the QE trap. He argues that it is necessary to understand balance sheet recession in order to resolve the Eurozone crisis, particularly the competitiveness problems. He re-examines Japan's two decades of experiences with this rare recession and offers an insider view on the Abenomics. -- Edited summary from book

Ben shu zhi zai bi jiao zi chan fu zhai biao shuai tui guo cheng zhong ge guo de jing li,Zhao chu jing ji quan mian fu su de bi you zhi lu.Shu zhong miao shu le shi jie jing ji cong 2008 nian de zi chan fu zhai biao shuai tui dao man man fu su guo cheng zhong reng ran an cun de zhu duo wei xian

2022-03-28