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Economy

CBO regularly assesses the state of the economy and the impact on the economy of proposed changes in federal spending and taxes. Analysts prepare economic projections that underlie CBO’s projections for the federal budget and cost estimates for proposed legislation; study major aspects of the economy such as trends in productivity and long-term unemployment; and examine the economic impact of changes in the nation’s tax system or reforms to federal programs.

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Analysis of the President's Budget
Budget and Economic Outlook
Economic Projections
Economic Stimulus
International Trade and Finance
Long-Term Economic Trends
NAFTA

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related publications

S. 2611, Comprehensive Immigration Reform Act of 2006
May 16, 2006
Macroeconomic Effects of Alternative Budgetary Paths
February 05, 2013

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How CBO Would Analyze the Economic Effects of Proposals to Make Major Changes in Immigration Policy

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May 2, 2013

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How Would CBO Analyze the Economic Effects of Immigration Legislation?

posted by Doug Elmendorf on May 2, 2013

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Differences Between the Traditional CPI and the Chained CPI

posted by Rob McClelland on April 19, 2013

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The Short-Term Consequences of Deficit Reduction Under Different Economic Conditions

posted by Doug Elmendorf on March 29, 2013

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Changes in Discretionary Funding During the Past Few Years

posted by Doug Elmendorf on March 26, 2013

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Answers to Questions from Members of Congress

posted by Doug Elmendorf on March 25, 2013

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U.S. Economic Performance

posted by Doug Elmendorf on March 21, 2013

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Total Factor Productivity Growth in Historical Perspective: Working Paper 2013-01

working paper

March 18, 2013

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Abstract

Robert Shackelton

This paper reviews the broad contours of total factor productivity (TFP) growth in the U.S. economy since 1870, highlighting the contribution of various technological innovations to the growth of different sectors of the economy. The paper also notes the correlation between TFP growth and improvements in general health and well-being as reflected in changes in life expectancy. Finally, the paper discusses the potential for continued growth in TFP in the future.

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Additional Data
Automatic Stabilizers

related publications

The Budget and Economic Outlook: Fiscal Years 2013 to 2023
February 05, 2013
The Budget and Economic Outlook: Fiscal Years 2012 to 2022
January 31, 2012

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The Effects of Automatic Stabilizers on the Federal Budget as of 2013

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March 8, 2013

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Growth in Means-Tested Programs and Tax Credits for Low-Income Households
February 11, 2013
Federal Support for State and Local Governments Through the Tax Code
April 25, 2012
The Budget and Economic Outlook: Fiscal Years 2013 to 2023
February 05, 2013
Fiscal Stress Faced by Local Governments
December 09, 2010
Policies for Increasing Economic Growth and Employment in 2012 and 2013
November 15, 2011

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Federal Grants to State and Local Governments

report

March 5, 2013

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