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Richard Andreas Werner (January 5, 1967– ) is a German academic, economist and professor at the University of Southampton. Werner is a monetary and development economist. He proposed the term quantitative easing, as well as the expression "QE2" referring to the need to implement true quantitative easing as an expansion in credit creation.〔Richard Werner, ''Keizai Kyoshitsu: Keiki kaifuku, ryoteiki kinyu kanwa kara,'' Nikkei, 2 September 1995. ‘QE2’ was first used publicly by Richard Werner live on CNBC on 22 September 2009. He argued that 'true quantitative easing' was needed, namely an expansion in productive credit creation. This required a second attempt by central banks, "a kind of QE2". Squawkbox, CNBC, live studio panel, 18:00-21:00 hrs London time, 22 September 2009 Meanwhile, the expression is today mainly used to refer to a second round of what Prof. Werner would consider the 'wrong type' of QE. 〕 He also proposed the "Quantity Theory of Credit", which disaggregates credit creation used for GDP transactions on the one hand and financial transactions on the other hand. ==Early life== In 1989, Werner earned a BSc at the London School of Economics (LSE). Further studies at Oxford University were interrupted by a year at the University of Tokyo.〔University of Southampton, (Richard Werner ); retrieved 2011-08-20〕 His doctorate in economics was conferred by Oxford. In 1991, he became European Commission-sponsored Marie Curie Fellow at the Institute for Economics and Statistics at Oxford.〔 His discussion paper at the institute warned about the imminent 'collapse' of the Japanese banking system and the threat of the "greatest recession since the Great Depression". In Tokyo, he also became the first Shimomura Fellow at the Research Institute for Capital Formation at the Development Bank of Japan. He was a Visiting Researcher at the Institute for Monetary and Economic Studies at the Bank of Japan; and he was a Visiting Scholar at the Institute for Monetary and Fiscal Studies at the Ministry of Finance.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Richard Werner」の詳細全文を読む スポンサード リンク
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