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Page 1: What’s the Damage? Before, During and After the Great Recession

What’s the Damage? Before, During and After the Great Recession

Jared Bernstein

Center on Budget and Policy Priorities

11/14/13

[email protected]

mailto:[email protected]
Page 2: What’s the Damage? Before, During and After the Great Recession
Page 3: What’s the Damage? Before, During and After the Great Recession
Page 4: What’s the Damage? Before, During and After the Great Recession

When Cyclical Morphs into Structural: the Fed’s (and other realists) Latest

Concern

Source: Reifschneider, Wascher, and Wilcox, 2013

Page 5: What’s the Damage? Before, During and After the Great Recession

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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Page 6: What’s the Damage? Before, During and After the Great Recession

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