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	Podcast:		Odd Lots
	Episode:		Richard Koo Explains Why The Recovery Will Be So Difficult
	Category:		Business
	Duration:		00:42:37
	Publish Date:		2020-05-11 03:00:00
	Description:		Countries around the world are undergoing an unprecedented, simultaneous real economic shock. So how should policymakers respond? Richard Koo is the Chief Economist at the Nomura Research institute, and is well known for having popularized the concept of the “Balance Sheet Recession” drawing on his work from Japan’s post-bubble era. In today’s episode, he talks about how his work applies to this crisis, what can be done to revive growth, and why the aftermath will be so difficult.
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