Automatic Stabilizers in the Federal Budget: 2023 to 2033

Congressional Budget Office

No 59114, Reports from Congressional Budget Office

Abstract: Federal revenues and outlays regularly respond to cyclical movements in the economy in ways that tend to offset those movements; the budget mechanisms that drive that process are known as automatic stabilizers. Those mechanisms, which help stabilize the economy automatically, also contribute to short-run fluctuations in the deficit, without any legislated changes in tax or spending policies.

JEL-codes: H20 H60 H61 H62 H68 (search for similar items in EconPapers)
Date: 2023-06-07
New Economics Papers: this item is included in nep-mfd
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