The Recession Prevention Handbook : Eleven Case Studies, 1948-2007 (Hardcover)

Preface and Acknowledgments; 1. Characteristics of Recessions; Business Cycles and Recessions; A Proposed New Definition of Economic Downturns; Frequency of Recessions since the Early 1980s; Severity of Recessions; Jobless Recoveries from Recent Recessions; Failure to Forecast Recessions and its Policy Implications; 2. The Recession of 1948-49; Backlog of Household Durable Goods, Housing, and Business Capital Needs at the End of 1947; Inflation at the End of 1947; Overview of the Economy During 1948; Economic Indicators in Real Time During 1948; Note on National Defense; Assessment of Economic Policies Preceding the 1948-49 Recession; Appendix 2.1. The Economy before 1948. 3. The Recession of 1953-54; Korean War and the Economy; Federal Reserve Policy Change; Economic Indicators in Real Time During 1952-53; Note on National Defense; 54 Recession; Federal Government Fiscal Position; 4. The Recession of 1957-58; Economic Indicators in Real Time During 1956-57; Assessment of Economic Policies Preceding the 1957-58 Recession; 5. The Recession of 1960-61; Economic Indicators in Real Time During 1959-60; Assessment of Economic Policies Preceding the 1960-61 Recession; 6. The Recession of 1969-70; Fiscal Policy and the Vietnam War; Definition of Full Employment; Economic Indicators in Real Time During 1968-69; Assessment of Economic Policies Preceding the 1969-70 Recession; 7. The Recession of 1973-75; Economic Policy Changes of August 15, 1971; Economic Indicators in Real Time During 1972-73; Assessment of Economic Policies Preceding the 1973-75 Recession; 8. The Recession of 1980; Productivity Slowdown; Iranian Revolution; Decline in the Foreign Exchange Value of the Dollar; Economic Indicators in Real Time During 1978-79; Assessment of Economic Policies Preceding the 1980 Recession; 9. The Recession of 1981-82; Effect of the 1980 Recession on Subsequent Inflation; Economic Recovery Tax Act of 1981 and the 1981-82 Recession; Economic Indicators in Real Time During 1980-81; Assessment of Economic Policies Preceding the 1981-82 Recession; 10. The Recession of 1990-91; International Events; Value of the Dollar; Federal Government Regulations; Natural Disasters; Savings and Loan Associations Failures; Stock Market Crash of 1987; Fiscal Policy; Economic Indicators in Real Time During 1989-90; Assessment of Economic Policies Preceding the 1990-91 Recession; 11. The Recession of 2001; Economic Record; Fiscal Policy; Monetary Policy; Stock Market and Telecommunications Companies Bubbles; Economic Indicators in Real Time During 1999-2000; Assessment of Economic Policies Preceding the 2001 Recession; 12. The Recession of 2007-09; Economic Record; Fiscal Policy and War; Household Income, Spending, and Saving, Grouped by Household Income; House Price Bubble; Hurricane Katrina; Economic Indicators in Real Time During 2006-07; Assessment of Economic Policies Preceding the 2007-09 Recession; 13. Findings and Recommendations; Precipitating Elements of Each Recession; Themes and Agents of the Precipitating Elements; Federal Reserve; Policy Recommendations for Avoiding or Ameliorating Future Recessions; Conclusion; References; Index; About the Author.