CBO and staff of the Joint Committee on Taxation respond to questions about how they develop estimates of the budgetary and economic effects of legislation.
Dynamic Analysis
ReportCBO estimates how expanding certain children’s eligibility for Medicaid or the Children’s Health Insurance Program over the next 10 years would affect the U.S. economy and the federal budget through the end of the century.
Blog PostSome federal policies involve short-term expenditures that result in economic and budgetary effects far in the future. CBO has been building analytic capacity to consider a dynamic framework for policies that would have long-term effects.
ReportThe Congressional Budget Act of 1974 requires CBO to prepare estimates of the cost of legislation at certain points in the legislative process. This document provides answers to questions about how CBO prepares those cost estimates.
ReportCBO examined two illustrative scenarios that would boost federal funding for a mix of types of physical infrastructure by $500 billion over 10 years. The two scenarios differ in how the additional spending would be financed.
ReportCBO has developed “rules of thumb” that show how changes in four key economic variables might affect revenues, outlays, and deficits. An interactive workbook allows users to see the budgetary effects of their own alternative scenarios.
PresentationPresentation by Wendy Edelberg, an Associate Director for Economic Analysis at CBO, at the University of Chicago Booth School of Business
Blog PostThe Congress adopted a concurrent resolution on the FY16 budget that requires CBO, to the greatest extent practicable, to include macroeconomic effects in its 10-year cost estimates of major legislation approved by Congressional committees.