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What’s the Damage? Before, During and After the Great Recession
Jared Bernstein
Center on Budget and Policy Priorities
11/14/13
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When Cyclical Morphs into Structural: the Fed’s (and other realists) Latest
Concern
Source: Reifschneider, Wascher, and Wilcox, 2013
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Actual and Projected US Deficits as a Percent of GDP, 2001-2023
Source: CBPP based on Congressional Budget Office, May 2013 baseline.
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