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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
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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

read complete document  (pdf, 173 kb)

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.


monthly archive

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Snapshot of Guarantees of New Residential Mortgages

posted by Susanne Mehlman on March 15, 2013

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Snapshot of Guarantees of New Residential Mortgages

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March 15, 2013


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Snapshot of the Highway Trust Fund

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March 14, 2013


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Snapshot of the Highway Trust Fund

posted by Sarah Puro on March 14, 2013

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Snapshot of Child Nutrition Programs

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March 13, 2013


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Snapshot of Child Nutrition Programs

posted by Emily Stern on March 13, 2013

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