Towle, W. Ray (contributor) - 2004
rise.
What are the monetary and fiscal policy prescriptions for growth, employment, and price stabil-
ity? This year … when the recession ended.
In the two years after a typical recession, employment increases by 5 percent. Even two years … after the
1990–91 recession, which was the original jobless recovery, employment had not only surpassed its
level at the end …