Presentation by Wendy Edelberg, an Associate Director for Economic Analysis at CBO, at the University of Chicago Booth School of Business.
CBO has devoted significant effort to developing analytical tools that enable it to assess the macroeconomic effects of fiscal policies and how such effects, or "macroeconomic feedback," would affect the federal budget. When CBO incorporates such effects in its cost estimates of major legislation, the approach is often called dynamic scoring. This presentation describes how CBO prepares estimates of macroeconomic feedback, and provides a case study on proposed legislation to repeal the Affordable Care Act.
