Richard Koo

Richard C Koo is the Chief Economist of Nomura Research Institute (Tokyo) and a Senior Advisor to Center for Strategic and International Studies (Washington, DC). Best known for developing the concept of balance sheet recession, he has advised successive Japanese prime ministers and taught at Waseda University as a Visiting Professor from 1998 to 2010. Prior to joining Nomura, he was an Economist with the Federal Reserve Bank of New York, and was a Doctoral Fellow of the Board of Governors of the Federal Reserve System. His latest book, The Holy Grail of Macroeconomics - Lessons from Japan's Great Recession (John Wiley & Sons, 2008), has been sold in six different languages.