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  • Working Paper

    The Effects of Climate Change on GDP in the 21st Century: Working Paper 2025-02

    February 27, 2025

    This working paper provides an estimate of a probability distribution of changes in gross domestic product in the year 2100 resulting from changes in temperature.

  • Working Paper

    Understanding the Relationship Between Changes to Federal Fiscal Policy and Near-Term Real GDP Growth: Working Paper 2025-01

    February 19, 2025

    This working paper introduces two measures that highlight the relationship between changes in federal fiscal policy and economic growth and includes projections of those measures through fiscal year 2026.

  • Working Paper

    Revisiting the Relationship Between Debt and Long-Term Interest Rates: Working Paper 2024-05

    December 20, 2024

    This working paper extends a previous CBO analysis that estimates the relationship between federal government debt and long-term interest rates, a key parameter in the agency’s long-run projections of interest rates.

  • Working Paper

    The Effects of Flood Damage on the Subsidy Cost of Federally Backed Mortgages: Working Paper 2024-04

    July 8, 2024

    CBO uses data on mortgages and expected flood damage for each residential property in the United States to examine how much flood damage is expected to increase the cost of federally backed mortgages.

  • Working Paper

    Flood Damage Avoided by Potential Spending on Property-Level Adaptations: Working Paper 2024-03

    May 28, 2024

    This working paper provides estimates of the flood damage avoided from property buyouts and elevations and analyzes how the effects of adaptation spending could vary across regions, by area income, and for different subsets of projects.

  • Working Paper

    How CBO Uses the ReEDS Model to Analyze Policies in the Electric Power Sector: Working Paper 2024-02

    May 2, 2024

    This working paper provides an overview of CBO-ReEDS, an adapted version of the National Renewable Energy Laboratory’s Regional Energy Deployment System (NREL’s ReEDS) model for analyzing policies in the electric power sector.

  • Working Paper

    How CBO Projects Inflation

    February 9, 2024

    This paper describes how CBO projects consumer price inflation.

  • Working Paper

    Conditional Forecasting With a Bayesian Vector Autoregression: Working Paper 2023-08

    November 27, 2023

    This paper describes how CBO uses a Bayesian vector autoregression method to generate alternative economic projections to the agency’s baseline.

  • Working Paper

    Exploring the Effects of Medicaid During Childhood on the Economy and the Budget: Working Paper 2023-07

    November 1, 2023

    On a present-value basis, CBO estimates that long-term fiscal effects of Medicaid spending on children could offset half or more of the program’s initial outlays, depending on sets of reasonable parameter values.

  • Working Paper

    Modeling the Demand for Electric Vehicles and the Supply of Charging Stations in the United States: Working Paper 2023-06

    September 7, 2023

    This paper presents a simulation model of the markets for light-duty electric vehicles and the associated public charging infrastructure, as well as the network interactions between them.

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