#11756
Mentioned in 2 episodes

The Holy Grail of macroeconomics

Book • 2008
This book presents crucial lessons from Japan's 15-year recession, offering insights that can aid other economies struggling with financial crises.

It introduces the concept of yin and yang business cycles, contrasting profit maximization with balance sheet recession, where companies focus on minimizing debt.

The book challenges conventional macroeconomic theories and provides a framework for understanding post-bubble economies.

Mentioned by

Mentioned in 2 episodes

Mentioned by
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Jack Farley
as a classic book on macroeconomics, focusing on lessons from Japan's Great Recession.
38 snips
Richard Koo: China’s “Balance Sheet Recession” Has Already Started | (Jack’s Final Episode)
Mentioned by
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Preston Pysh
as a book outlining the Japanese QE extravaganza and its unresolved issues.
BTC084: Japanese Yield Curve Control, Oil, & Bitcoin Macro w/ James Lavish (Bitcoin Podcast)
Mentioned by
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Joe Weisenthal
as a book where
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Richard Koo
lays out his theory of balance sheet recession.
Why Governments Haven't Learned The Lessons Of Japan
Mentioned by
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Joe Weisenthal
as a book explaining lessons from Japan's Great Recession.
Richard Koo Explains Why The Recovery Will Be So Difficult

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