Home » News Richard Koo: Eurozone Still in Severe Balance Sheet Recession HFA Staff Published onAugust 7, 2013 Updated on May 13, 2021 Sign up for our E-mail List and Get FREE Access to Exclusive Investment E-books and More! Another ’97-like failure could prevent the consumption tax from ever being raised, with severe negative implications for Japan’s future. Table of Contents Toggle Richard Koo: Eurozone economic data offer little cause for optimismRichard Koo: Eurozone still in severe balance sheet recessionRichard Koo: Is 1% inflation too low?Richard Koo: Is inflation a boon for consumers?Richard Koo: The division of labor and the role of moneyRichard Koo: Inflation concerns undermine division of laborRichard Koo: Inflation worries also affect satisfaction and utility derived from consumptionRichard Koo: Utility of consumption in inflation-free Japan may have been highRichard Koo: Per capita GDP more important as population ages and shrinksRichard Koo: QE should not be taken any furtherRichard Koo: QE has limited impact and is difficult to unwindRichard Koo: Normalizing bank reserves could prove headache for next Fed chairRichard Koo: Treasury’s cooperation should be enlisted in ending QERichard Koo: Fed should first shift portfolio from long-term to short-term bondsRichard Koo: Consumption tax hike becomes focus of debateRichard Koo: Fiscal consolidation in 1997 was prematureRichard Koo: Hit from tax hike can be offset with fiscal stimulusRichard Koo: Hashimoto government offered only austerity in 1997Ideally, tax hike would follow resumption of private-sector borrowing…Another tax hike failure is unacceptable HFA Staff The post above is drafted by the collaboration of the Hedge Fund Alpha Team. More articles of the author More News Hidden Value Stocks Q4 2025 Issue: Primoat And Hoop Capital Detail Their Favorite Small-caps Artisan Partners Won Big with This Now-Acquired Online Travel Agency by Holding Since the Pandemic Zuken Stock One Year Later: Artisan Partners Says More Fuel Left Why Quants Pay More For Point-In-Time Data