Chart: How various proposed resolutions to the “fiscal cliff” would have affected the output gap at the end of 2013 | Economic Policy Institute

Figure I

How various proposed resolutions to the "fiscal cliff" would have affected the output gap at the end of 2013

Note: See endnote 10 for a description of EPI's current policy baseline.

Source: Authors' analysis of CBO's August 2012 economic baseline (CBO 2012c) and Bivens and Fieldhouse (2012a; 2012b)

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From free-fall to stagnation: Five years after the start of the Great Recession, extraordinary policy measures are still needed, but are not forthcoming

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