Recession Prevention Handbook

The United States has endured eleven recessions since the end of World War II, including the recession of 2007-2009. This book focuses on the performance of the economy and the actions taken during the expansion period before the onset of each recession. It's goal is to help prevent or at least lessen the severity of possible future recessions. Well-known economics writer Arthur Frumkin analyzes each of the eleven contemporary recessions to determine: What weaknesses appeared in the economy during the twelve months preceding the onset of the recession? What were economic forecasters predicting? What economics policy actions were taken by the Federal Reserve, the president, and Congress? Incorporating extensive real-time data, Frumkin points to persistent failures over the past sixty years by the Federal Reserve and the president to forecast or to acknowledge the possibility of future recessions. Based on these findings, he concludes with a range of policy recommendations for avoiding or ameliorating future recessions. List of Figures, List of Tables, Preface, 1. Characteristics of Recessions, 2. The Recession of 1948–49, 3. The Recession of 1953–54, 4. The Recession of 1957–58, 5. The Recession of 1960–61, 6. The Recession of 1969–70, 7. The Recession of 1973–75, 8. The Recession of 1980, 9. The Recession of 1981–82, 10. The Recession of 1990–91, 11. The Recession of 2001, 12. The Recession of 2007–9, 13. Findings and Recommendations, Bibliography, Index, About the Author