野村证券经济学家辜朝明评论日本时指出，重点应该放在受危机影响的经济体的需求端，这些经济提的增长受到作为“资产负债表看衰退”的必然结果的拒绝债务综合征的制约。
As Nomura economist Richard Koo has argued about Japan, the focus should be on the demand side of crisis-battered economies, where growth is impaired by a debt-rejection syndrome that invariably takes hold in the aftermath of a “balance sheet recession.”