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Key Methods That CBO Used to Estimate the Effects of Pandemic-Related Legislation on Output: Working Paper 2020-07

John Seliski, Aaron Betz, Yiqun Gloria Chen and Ufuk Demirel

No 56612, Working Papers from Congressional Budget Office

Abstract: This paper describes key methods that the Congressional Budget Office used to estimate the effects on real (inflation-adjusted) output, or gross domestic product, of the laws enacted in response to the 2020 coronavirus pandemic. Taken together, that legislation substantially changed policies governing taxes and spending and provided significant financial support to households, businesses, and state and local governments through various channels. To quantify the short-term effects that those laws had on output by means of their influence on overall demand for goods and

JEL-codes: E20 E32 E62 E63 H20 H30 H50 H60 J64 (search for similar items in EconPapers)
Date: 2020-10-16
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