Richard Koo

Richard Koo is a prominent economist known for his work on balance sheet recessions and the economic challenges faced by Japan in the 1990s. As the Chief Economist at the Nomura Research Institute, Koo has contributed significantly to understanding how economies can stagnate when private sector entities focus on deleveraging rather than spending. His insights have been influential in discussions about fiscal policy and economic recovery strategies, particularly in the context of high levels of public and private debt.