{"product_id":"the-escape-from-balance-sheet-recession-and-the-qe-trap-a-hazardous-road-for-the-world-economy","title":"The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy","description":"Reseña del editor\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eCompare 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.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eCríticas\u003cbr\u003e\u003cbr\u003e\u003cbr\u003ePraise for The Escape from Balance Sheet Recession and the QE Trap Richard Koo has been a pioneer in recasting macroeconomics for the current era of financial crisis and potential deflation. This book presents his latest thinking in a clear and powerful way. Agree or disagree his work deserves close study if the next decade in the industrial world is going to be better than the last. Lawrence Summers, President Emeritus and Charles W. Eliot University Professor, Harvard University; former U.S. Secretary of the Treasury This is an important, stimulating, exciting and timely book. Guided by the ideas in this book, growing numbers of experts are appreciating the parallels between the current world-wide crisis and the crisis Japan experienced 15 years ago. The basic insight that in the presence of persistent liabilities, the private sector minimizes debt is one that needs to be fully appreciated in order for appropriate policies to be devised. This is a must-read for all those seeking to respond to the current economic malaise. Dennis J. Snower, President, Kiel Institute for the World Economy; Professor of Economics, Christian-Alberchts University, Kiel Koo s The Escape from Balance Sheet Recession and the QE Trap provides the most insightful guide to current macroeconomic policy available today. Koo s concept of balance sheet recession adds depth and detail to observations of the liquidity trap and zero lower bound of interest rates. He explains what needs to be done now and how long it could take. Everyone concerned with macroeconomic policy needs to read this analysis to le","brand":"Reciclibros","offers":[{"title":"Aceptable","offer_id":59414249767246,"sku":null,"price":0.0,"currency_code":"EUR","in_stock":false},{"title":"Bueno","offer_id":59414249800014,"sku":null,"price":0.0,"currency_code":"EUR","in_stock":false},{"title":"Muy bueno","offer_id":59414249832782,"sku":null,"price":0.0,"currency_code":"EUR","in_stock":false},{"title":"Como nuevo","offer_id":59414249865550,"sku":null,"price":0.0,"currency_code":"EUR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1019\/9331\/6686\/files\/b65311a6-ec80-44ef-848b-bb7c9229bafc_60035243-210e-4af3-a2ca-2fc19b594a22.jpg?v=1777251482","url":"https:\/\/www.reciclibros.com\/products\/the-escape-from-balance-sheet-recession-and-the-qe-trap-a-hazardous-road-for-the-world-economy","provider":"Reciclibros","version":"1.0","type":"link"}