Presentation by Wendy Edelberg, CBO’s Assistant Director for Macroeconomic Analysis, at the American Enterprise Institute, describing how CBO will incorporate macroeconomic effects into certain cost 10-year estimates.
Presentation by Wendy Edelberg, CBO’s Assistant Director for Macroeconomic Analysis, at the American Enterprise Institute.
In May, the Congress adopted a concurrent resolution on the budget for fiscal year 2016. That resolution requires CBO, to the greatest extent practicable, to incorporate macroeconomic effects into its 10-year cost estimates for major legislation that Congressional committees approve. Such estimates must also include, when practicable, a qualitative assessment of the budgetary effects for the following 20 years. Incorporating such macroeconomic feedback into cost estimates is often called dynamic scoring. This presentation describes how CBO will prepare such estimates.