The Costs of Business Cycles - Professor Jagjit Chadha

How much would you pay to avoid a recession? In other words, can we place a price on the economic costs of business cycle fluctuations? Standard economic models give some clues but they bring difficulties. Can we account for the known difficulties with these models, or is it yet more complicated?

In the real world, might government policy have already acted to reduce the costs of fluctuations?

Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,800 lectures free to access or download from the website.

[schumanhuman]

Fine, but ignores the far more central and generally persistent Kuznet cycle which is actually the land price cycle. Recessions which follow these peaks are on average twice as damaging as ones during the cycle.
Land price peaks (uk)- 1954-1972-1990-2008-2026
Asian/emerging markets Cycle-1997-2015
Smaller Mid cycles also tend to occur around year 7 of the 14 year upswing in land values, so 2019 would be the most likely year, though the exact ramifications of the Asian cycle downturn are yet to be felt.