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Overview of the Congressional Budget Office Long-Term (CBOLT) Policy Simulation Model: Technical Paper 2004-01

Josh O’Harra, John Sabelhaus and Michael Simpson

No 15188, Working Papers from Congressional Budget Office

Abstract: The Congressional Budget Office Long-Term (CBOLT) policy simulation model was developed to answer budgetary and distributional questions about Social Security, Medicare, and other long-term policy issues. CBOLT has three distinct solution modes for making projections: static simulations with a fixed macro environment and actuarial projection modules like those used by the Social Security Administration (SSA) and Center for Medicare and Medicaid Studies (CMS); a macro growth model environment with SSA/CMS-style actuarial projection modules; and an integrated micro/macro

Date: 2004-01-01
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