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- Working Paper
CBO uses the budgetary feedback model (BFM) to estimate how changes in the macroeconomy might affect the federal budget. This paper describes how the BFM is constructed, how it is used in CBO's dynamic analyses, and the model's limitations.
- Working Paper
The costs of federal activities are recorded in the budget mostly on a cash basis. Using accrual accounting for retirement and insurance programs would accelerate the recognition of long-term costs and display the expected costs of new commitments when they were incurred.
- Working Paper
On average over the long term, each increase of 1 percentage point in federal debt as a percentage of GDP boosts interest rates by 2 to 3 basis points, CBO estimates.
- Podcast
CBO’s podcast series looks at the agency’s inner workings and its role in the legislative budget process. This episode discusses the components of the budget, how CBO assists the two budget committees, and CBO’s current budget projections.
- Podcast
CBO’s pilot podcast series looks at the inner workings of CBO and its role in the legislative budget process. In this episode, the function and value of cost estimates are discussed.
- Working Paper
This paper examines various factors that affect estimates made by CBO and the staff of the Joint Committee on Taxation of the budgetary savings from tax compliance proposals.
- Working Paper
This paper presents the latest generational accounts and lifetime net tax rates for the United States.