Richard C Koo — SPARQNOW

At-a-Glance

Developed the concept of balance sheet recession to describe post-bubble economic difficulties.
Serves as Chief Economist at Nomura Research Institute in Tokyo, Japan.
Authored 'The Holy Grail of Macroeconomics - Lessons from Japan's Great Recession' (2008) and 'The Escape from Balance Sheet Recession and the QE Trap' (2014).
Serves as a Senior Advisor to the Center of Strategic and International Studies and an Advisory Member of the Institute of New Economic Thinking.
Previously an economist at the Federal Reserve Bank of New York (1981-1984), where he dealt with the Latin American Debt crisis.
Taught as a visiting professor at Waseda University in Tokyo from 1999 to 2010.
Holds an MA in Economics from Johns Hopkins University (1981) and a BA in Political Science and Economics from the University of California, Berkeley (1976).

Biography

Richard C. Koo is the Chief Economist of Nomura Research Institute in Tokyo, Japan, where he provides independent economic and market analysis to Nomura Securities and its clients. He is widely recognized for developing the concept of balance sheet recession, a theory he formulated in the 1990s to explain the economic challenges faced by Japan after the bursting of its asset bubble. This concept has been influential in understanding post-crisis economic difficulties globally.