Summary of Nine Facts about the Great Recession and Tools for Fighting the Next Downturn

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Nine Facts about the Great Recession and Tools for Fighting the Next Downturn summary
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Today, the American economy continues to live with the aftermath of the 2007–2009 recession, despite the effectiveness of many of the fiscal and monetary policy tools that officials deployed to address it. getAbstract recommends this insightful analysis from the Hamilton Project/Brookings Institution, which offers nine results from battling the Great Recession that might help policy makers in tackling future recessions.

In this summary, you will learn

  • What policy makers did to restore economic growth during the Great Recession of 2007–2009 and
  • Which stimulus measures were the most effective.
 

About the Authors

Diane Whitmore Schanzenbach et al. work for the Hamilton Project, part of the Brookings Institution.

 

Summary

Nine facts about the Great Recession can provide guidance in combating future downturns: “The Great Recession was unprecedented in the postwar period for its severity and duration” – GDP declined more than 4% during the three years from late 2007. Today, the economy still...

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