Taxes
- Working Paper
Macroeconomic Analysis of a 10 Percent Cut in Income Tax Rates: Technical Paper 2004-07
This paper explores the effects of a simple policy change—a 10 percent tax cut—to shed light on the different models CBO uses to examine the macroeconomic effects of policy changes.
- Working Paper
The Taxation of Distributions From Retirement Savings Plans: Technical Paper 2004-06
The Taxation of Distributions From Retirement Savings Plans
- Working Paper
Using the Natural Rate Concept to Assess the Consistency of Projections Ten Years Ahead for Real Interest Rates and Inflation: Technical Paper 2004-05
The concept of the “natural” long-term interest rate, a rate that is determined by the underlying production capability of the economy, provides a way to check the internal onsistency of medium-term economic projections.
- Working Paper
The Role of Saving in Economic Growth When the Cost of New Human Capital Depends on the Cost of Labor: Technical Paper 2004-04
If the cost of new human capital is proportional to the cost of labor, and thus proportional to labor productivity, the effect on output of a change in the saving rate for physical capital is the same as in the Solow growth model.
- Working Paper
Analyzing an Aging Population--A Dynamic General Equilibrium Approach: Technical Paper 2004-03
A description of the model used to analyze the macroeconomic effects of Social Security policy proposals.
- Working Paper
Incorporating Longevity Effects into Long-Term Medicare Projections: Technical Paper 2004-02
The cost of the Medicare program will increase dramatically as the baby boom generation reaches retirement. Results from the CBO Long-Term Model indicate that Medicare costs will equal more than 9 percent of GDP by 2078.
- Working Paper
Overview of the Congressional Budget Office Long-Term (CBOLT) Policy Simulation Model: Technical Paper 2004-01
An overview of CBO's main Social Security model.
- Working Paper
Analyzing Tax Policy Changes Using a Stochastic OLG Model with Heterogeneous Households: Technical Paper 2003-12
This paper describes a stochastic overlapping generations (OLG) model with heterogeneous agents, which is one of five models used at the Congressional Budget Office for recent fiscal policy analyses.
- Working Paper
Factor Accumulation Without Diminishing Returns: The Case of East Asia: Technical Paper 2003-11
We investigate the similarity of the country endowments of the newly industrialized East Asian countries and their major developed trading partners since the 1960s.
- Working Paper
Using the Treasury Nominal and Inflation-Indexed Spread to Estimate Expected Long-Run Changes in the CPI-U under Inflation Uncertainty, Risk Aversion, and the Probability of Deflation: Technical Paper 2003-10
Yield spreads between rates on Treasury nominal and inflation-indexed securities are thought to be distorted measures of expected inflation because of various biases.