Strengthening economic resilience: What lessons to draw from the post-1970s record of severe recessions and financial crises

Posted by oecdecoscope. Major global crises such as the 2008-09 episode are mercifully rare, but severe recessions have been quite frequent among OECD countries over the past four decades.  Even when they do not inflict long-lasting economic damages, they often entail significant costs in terms of foregone income and high unemployment. More...