Post Profile

Balance Sheet Recessions and the QE Trap

Balance sheet recessions often take decades to recover from. The current budget deficit is less than 3% and not excessive by historical standards. He describes a trade-off in balance sheet recessions between higher debt/GDP ratios and severe recessions or depressions...
read more


Related Posts

The Employment Rate of Women Is Higher In Japan Than in the United States

Business & Finance / Economics : Beat the Press

Laura Tyson has a NYT Economix blogpost that highlights the success of Japan's policy of running large budget deficit. While Japan has a gross debt of almost 250 percent of GDP (more than twice the ratio in the U.S.), the government...

Those CBO Interest Rate and Deficit Projections

Business & Finance / Economics : Beat the Press

Back in January, when the Congressional Budget Office (CBO) issued its annual Budget and Economic Outlook, the Washington Post and other deficit hawk types seized on the projections of rising deficits and debt to GDP ratios in the l...

Production fragmentation and the global trade slowdown

Business & Finance / Economics : Vox

The recent deceleration of world trade has been widely discussed, and many argue the relationship between trade and GDP growth is undergoing a fundamental shift. This column presents a novel framework to account for changes in the i...

CHART OF THE DAY: The US Deficit Problem Is At Civil War Levels

Business & Finance : Business Insider: Clusterstock

This visualization of the U.S. deficit to GDP (or GNP) ratio shows how, historically, we're very close to Civil War levels, in terms of our deficit as a percent of GDP. Notable here is how, historically, the U.S. has hung around the...

Dylan Grice Slams Richard Koo's Ideas Of Balance Sheet Recessions, Liquidity Traps, And Debt Deflations

Business & Finance : Business Insider: Clusterstock

Societe Generale analyst Dylan Grice has attacked the idea of the balance sheet recession, pioneered by Richard Koo, suggesting that it's a sham. Grice notes that the balance sheet recession episode that Japan has encountered is onl...


Copyright © 2016 Regator, LLC