How Changes in Economic Conditions Might Affect the Federal Budget

Congressional Budget Office

No 54052, Reports from Congressional Budget Office

Abstract: To show the budgetary effects of scenarios in which economic conditions differ from those in the agency’s current economic forecast, CBO has developed “rules of thumb†that provide a rough sense of how changes in four key economic variables—productivity growth, labor force growth, interest rates, and inflation—would affect revenues, outlays, and deficits. The agency has released an interactive workbook along with the report that allows users to create their own alternative economic scenarios and see how those scenarios might affect the federal budget.

JEL-codes: E23 E31 E47 H60 J21 (search for similar items in EconPapers)
Date: 2018-06-28
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