Government Policies to Minimize the Impact of the Next Recession
Recessions cause losses in jobs and income, and since World War II, the U.S. has been in a recession for about one of every seven months. In a new book available for free online, experts from the Washington Center for Equitable Growth and the Hamilton Project at the Brookings Institution look at how government can use fiscal policy to reduce the impact of future recessions. Recession Ready: Fiscal Policies to Stabilize the American Economy makes the case for expanding and improving automatic stabilizers – programs that make up the social safety net and that could automatically respond to a recession. As more workers lose their jobs, for example, unemployment insurance spending rises without policymaker action