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The Macroeconomic Analysis Division has two major responsibilities: economic forecasting and policy analysis. In its forecasting role, the division is responsible for preparing CBO's economic projections for periods up to 10 years. Those projections help the budget committees develop the concurrent resolution on the budget and serve as the economic assumptions underlying CBO's baseline projections of the budget. In its policy analysis role, the division examines the effects of fiscal policy on the economy using state-of-the-art macroeconomic models. The results of those studies and analyses, along with general information on macroeconomic issues, aim to inform the Congress in its decisionmaking and bolster the public's understanding. In analyzing the macroeconomic effects of a wide range of fiscal policies, the division works closely with CBO's other divisions.
Wendy Edelberg joined CBO in March 2011. Just before arriving at the agency, she was the executive director of the recently completed Financial Crisis Inquiry Commission, which released its report in January 2011. Previously, she worked on issues related to macroeconomics, housing, and consumer spending at the President's Council of Economic Advisers under several Administrations. Before that, she worked on those same issues at the Federal Reserve Board. She received a Ph.D. in economics from the University of Chicago, an M.B.A. from the University of Chicago, and a B.A. from Columbia University.