Over the last quarter century, Japan has struggled with balance sheet depression. This presentation analyzes policy challenges Japan has to overcome in the future.
Over the last quarter century, Japan has struggled with balance sheet depression. To remedy this, policy makers prescribed a shift from zero-interest rate policy to quantitative monetary easing, but significant effects have yet to be realized. Economist Richard C. Koo explores the traps in quantitative easing and analyzes policy challenges Japan has to overcome in the future.
This is an archived recording of a live broadcast that took place on 2 July 2014.