ABSTRACT
This assessment of what brought on the eleven recessions since the end of World War II has three parts:
s 0RECIPITATINGELEMENTSOFEACHRECESSION s 4HEMESANDAGENTSOFTHEPRECIPITATINGELEMENTS s 0OLICYRECOMMENDATIONSTOAVOIDAMELIORATEFUTURERECESSIONS
Precipitating Elements of Each Recession
The following sections summarize the events leading up to each recession. These are detailed in the preceding chapters.
