Escape from the balance sheet recession and the QE trap: an interview with Richard Koo

Name: Escape from the balance sheet recession and the QE trap: an interview with Richard Koo
Uploaded: 2015-03-24

Bond Vigilantes · 2015-03-24

Explains how debt overhang can stall demand and why QE may fail in balance-sheet recessions.

Recessions Quantitative easingInterviewintermediatebalance sheet recessiondeflationary pressuresdeleveragingjapan 1990spolicy effectivenessprivate sector debt overhang

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Escape from the balance sheet recession and the QE trap: an interview with Richard Koo

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