Richard Koo

Richard C. Koo
Richard C. Koo
	UC Berkeley (B.A.); Johns Hopkins University (M.A.)
Profession	Economist

Richard C. Koo (Japanese: リチャード・クー, IPA: [ɾitɕaːdo kɯː]; Chinese: 辜朝明; pinyin: Gū Cháomíng; born 1954) is a Taiwanese economist living in Japan specializing in balance sheet recessions. He is Chief Economist at the Nomura Research Institute.^[2]^[3]

Early life and education

Koo was born in Kobe. His father, Koo Kwang-ming, was an activist in the Taiwan independence movement then living in exile in Japan, and the brother of the prominent Taiwanese businessman Koo Chen-fu.^[4] Koo lived in Tokyo for 13 years in his youth, and later attended the University of California, Berkeley where he received a BA degree in Political Science and Government in 1976.^[1] He then proceeded to Johns Hopkins University for graduate school, where he received an MA degree in 1981.^[1]

Career

Upon graduation from Johns Hopkins University, Koo worked at the Federal Reserve Bank of New York as an economist from 1981 to 1984.^[1]

He then joined Nomura Holdings in 1984 as its first expatriate researcher and a senior economist from 1984 to 1997.^[5]^[6]^[1] He later became the chief economist at Nomura Research Institute starting in 1997.^[1]

Landon Thomas wrote about Koo's analysis in late 2011 in

2008-9 financial crisis and the way Europe was beginning to in late 2011.^[7]

Publications

(2008) The Holy Grail of Macroeconomics - Lessons from Japan's Great Recession (John Wiley & Sons)

(2011) "The world in balance sheet recession: causes, cure, and politics", Real-World Economics Review (issue no. 58), Nomura Research Institute, Tokyo.
(2014) The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy (John Wiley & Sons)