Recession prevention handbook reveals key strategies to avoid economic downturns
The article discusses eleven historical case studies of recessions from 1948 to 2007, analyzing the causes, economic indicators, and policy implications of each downturn. The researchers examine factors such as war, policy changes, natural disasters, and financial market events that contributed to economic downturns. Key findings include the impact of fiscal and monetary policies, international events, and market bubbles on recession outcomes. The study aims to provide insights into the characteristics of recessions and the effectiveness of economic policies in preventing and mitigating economic downturns.