An elusive search for the Holy Grail via Japan’s Lost Decade
Why did the Wall Street crash of October 1929 cause the global economy to decline and stagnate over a long time? Till today, macroeconomists are still trying to answer what Ben Bernanke describes as the “Holy Grail” – an enlightened understanding of what went wrong. Richard Koo, author of “The Holy...
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sg-smu-ink.ksmu-10332018-07-04T08:40:33Z An elusive search for the Holy Grail via Japan’s Lost Decade Knowledge@SMU Why did the Wall Street crash of October 1929 cause the global economy to decline and stagnate over a long time? Till today, macroeconomists are still trying to answer what Ben Bernanke describes as the “Holy Grail” – an enlightened understanding of what went wrong. Richard Koo, author of “The Holy Grail of Macroeconomics: Lessons from Japan’s Great Recession”, attempts an explanation with the “balance sheet recession” concept, based on his observations in Japan, where companies try to pay down their debt on time, if not earlier. 2009-05-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/ksmu/34 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1033&context=ksmu http://creativecommons.org/licenses/by-nc-nd/4.0/ Knowledge@SMU eng Institutional Knowledge at Singapore Management University Accounting Business Finance and Financial Management |
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Accounting Business Finance and Financial Management Knowledge@SMU An elusive search for the Holy Grail via Japan’s Lost Decade |
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Why did the Wall Street crash of October 1929 cause the global economy to decline and stagnate over a long time? Till today, macroeconomists are still trying to answer what Ben Bernanke describes as the “Holy Grail” – an enlightened understanding of what went wrong. Richard Koo, author of “The Holy Grail of Macroeconomics: Lessons from Japan’s Great Recession”, attempts an explanation with the “balance sheet recession” concept, based on his observations in Japan, where companies try to pay down their debt on time, if not earlier. |
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text |
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| title |
An elusive search for the Holy Grail via Japan’s Lost Decade |
| title_short |
An elusive search for the Holy Grail via Japan’s Lost Decade |
| title_full |
An elusive search for the Holy Grail via Japan’s Lost Decade |
| title_fullStr |
An elusive search for the Holy Grail via Japan’s Lost Decade |
| title_full_unstemmed |
An elusive search for the Holy Grail via Japan’s Lost Decade |
| title_sort |
elusive search for the holy grail via japan’s lost decade |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
2009 |
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https://ink.library.smu.edu.sg/ksmu/34 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1033&context=ksmu |
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