Nicholas Crafts has just posted a piece on Vox, which examines policy lessons from past severe recessions (click here). In particular, he looks at the recessions of 1930-32 and 1979-81. Among other things, he advocates stimulating private house-building as the stock of houses is estimated to be three million below the long-run equilibrium. Tim Besley and Tim Leunig have some radical suggestions as to how this can be achieved - click here. Of course, the impact of this policy will be to drive down house prices, and, in the process, raise defaults on mortgages, further damaging bank balance sheets.
Michael Aldous and I had our book The CEO: The Rise and Fall of Britain's Captains of Industry published a few weeks ago. You can find out more about it and buy it at Cambridge University Press's website . It is also available at Amazon , Waterstones , and Barnes & Noble . The CEO has already been reviewed in The Sunday Times , The Observer and Financial Times .