Watch the following two videos of Richard koo and answer the following question -in no more than 400 words-: What is the main thesis of Balance Sheet Recession and what do you think of it? What are the main policy recommendation to get out of recession.
Richard Koo – A “Balance Sheet Recession”
Richard Koo: Balance sheet recession (INET, 2013)
http://www.youtube.com/watch?v=LavfDqnBpec
The presentation slides:
http://ineteconomics.org/sites/inet.civicactions.net/files/Presentation%20Koo.pdf
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