A Simplified Model of How Macroeconomic Changes Affect the Federal Budget: Working Paper 2020-01

Nathaniel Frentz, Jaeger Nelson (), Dan Ready and John Seliski

No 55884, Working Papers from Congressional Budget Office

Abstract: The budgetary feedback model (BFM) is one tool that CBO uses to estimate how changes in the macroeconomy might affect the federal budget. The BFM approximates the budgetary feedback that would be arrived at by using a wider array of CBO's budgetary models and was built to provide a unified framework to quantify changes in projected revenues and outlays relative to CBO's baseline budget projections. This paper describes how the BFM is constructed, how it is used in CBO's dynamic analyses, and the model's limitations.

JEL-codes: E17 H20 H50 H68 (search for similar items in EconPapers)
Date: 2020-01-16
New Economics Papers: this item is included in nep-mac
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cbo.gov/system/files/2020-01/55884-CBO-BFM-working-paper.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbo:wpaper:55884

Access Statistics for this paper

More papers in Working Papers from Congressional Budget Office Contact information at EDIRC.
Bibliographic data for series maintained by ().