Congressional Budget Office

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Congressional Budget Office

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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.

Sub-Topics:

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

monthly archive

  • May 2013 (2)
  • April 2013 (14)
  • March 2013 (22)
  • February 2013 (10)
  • January 2013 (11)
  • December 2012 (4)
  • November 2012 (10)
  • October 2012 (4)
  • September 2012 (6)
  • August 2012 (5)
  • July 2012 (11)
  • June 2012 (8)
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CBO to Release 2012 Long-Term Budget Outlook Next Week

blog post

May 30, 2012


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related publications


  • Assessing the Short-Term Effects on Output of Changes in Federal Fiscal Policies: Working Paper 2012-08

    May 25, 2012
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Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from January 2012 Through March 2012

report

May 25, 2012


monthly archive

  • May 2013 (2)
  • April 2013 (14)
  • March 2013 (22)
  • February 2013 (10)
  • January 2013 (11)
  • December 2012 (4)
  • November 2012 (10)
  • October 2012 (4)
  • September 2012 (6)
  • August 2012 (5)
  • July 2012 (11)
  • June 2012 (8)
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CBO Releases Latest Quarterly Report on ARRA’s Effect on Output and Employment

blog post

May 25, 2012


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related publications


  • Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from January 2012 Through March 2012

    May 25, 2012
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Assessing the Short-Term Effects on Output of Changes in Federal Fiscal Policies: Working Paper 2012-08

working paper

May 25, 2012

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Abstract

Changes in federal fiscal policies can have both short-term and long-term effects on output. The Congressional Budget Office’s analysis of the short-term effects focuses on the impact on the demand for goods and services. That impact can be decomposed into direct effects and indirect effects: Direct effects consist of changes in purchases of goods and services by federal agencies and by the people and organizations who are recipients of federal payments or payers of federal taxes; indirect effects enhance or offset the direct effects. The indirect effects can be summarized by a demand multiplier, defined as the total change in gross domestic product per dollar of direct effect on demand. This paper presents the ranges of demand multipliers that CBO uses in its analyses and reviews evidence on the size of those multipliers.

monthly archive

  • May 2013 (2)
  • April 2013 (14)
  • March 2013 (22)
  • February 2013 (10)
  • January 2013 (11)
  • December 2012 (4)
  • November 2012 (10)
  • October 2012 (4)
  • September 2012 (6)
  • August 2012 (5)
  • July 2012 (11)
  • June 2012 (8)
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CBO Analyzes Effects of Fiscal Restraint Scheduled Under Current Law

blog post

May 22, 2012


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Economic Effects of Reducing the Fiscal Restraint That Is Scheduled to Occur in 2013

report

May 22, 2012

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related publications


  • Updated Budget Projections: Fiscal Years 2012 to 2022

    March 13, 2012
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CBO's Projections of Federal Receipts and Expenditures in the Framework of the National Income and Product Accounts

report

May 9, 2012

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monthly archive

  • May 2013 (2)
  • April 2013 (14)
  • March 2013 (22)
  • February 2013 (10)
  • January 2013 (11)
  • December 2012 (4)
  • November 2012 (10)
  • October 2012 (4)
  • September 2012 (6)
  • August 2012 (5)
  • July 2012 (11)
  • June 2012 (8)
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CBO Publishes Report and Infographic on Energy Security in the United States

blog post

May 9, 2012


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Energy Security in the United States - Infographic

image

May 9, 2012

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  • Energy Security in the United States - Infographic

    May 09, 2012
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Energy Security in the United States

report

May 9, 2012

read complete document  (pdf, 2800 kb)

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