budget the economy
Social Security Reform: The Use of Private Securities and the Need for Economic Growth
White Paper The use of private versus public securities, the creation of personal accounts, the scheduling of future tax increases, and reliance on future borrowing by government are all means of... [07 Jul 2005]
A Summary of Alternative Methods for Estimating Potential GDP
White Paper For the Congressional Budget Office (CBO), estimating the potential output of the economy and projecting future levels of that output are integral parts... [07 Jul 2005]
Growth in Medical Spending by the Department of Defense
White Paper Looking forward, CBO's analysis examines how overall growth of health care costs in the economy could affect DoD's health care costs through 2020, as well how changes in benefits could do so. This... [05 Jul 2005]
The Economic Costs of Fuel Economy Standards Versus a Gasoline Tax
White Paper This paper compares the economic costs of two methods for reducing gasoline consumption: raising the corporate average fuel economy (CAFE) standards for passenger vehicles and increasing... [05 Jul 2005]
Testing Alternative Methods for Forecasting Capital Gains
White Paper At the beginning of each year, the Congressional Budget Office (CBO) provides the Congress with a forecast of how the economy will... [29 Jun 2005]
Analyzing Tax Policy Changes Using a Stochastic OLG Model With Heterogeneous Households
White Paper In this model economy, households are heterogeneous with respect to their age, wealth holding, working ability, and working history, and households face individual shocks to their ability to earn income every year. [29 Jun 2005]
Using the Natural Rate Concept to Assess the Consistency of Projections Ten Years Ahead for Real Interest Rates and Inflation
White Paper Forecasters who use a neoclassical growth model to project the level of real Gross Domestic Product (GDP), as does the Congressional Budget Office (CBO), are implicitly projecting... [29 Jun 2005]
The Long-Term Budget Outlook
White Paper This paper presents illustrative scenarios for federal spending and revenues through 2050 and describes the implications of those scenarios for the economy. This Congressional... [29 Jun 2005]
Social Security and the Federal Budget: The Necessity of Maintaining a Comprehensive Long-Range Perspective
White Paper Therefore, most economists, credit market participants, and policymakers, when they seek to gauge the government's role in the economy and its effect on the credit... [29 Jun 2005]
What Is a Current-Law Economic Baseline?
White Paper The Congressional Budget Office (CBO) produces forecasts for the U.S.economy twice each year. Unlike other forecasters, CBO is required to produce a very specific kind... [29 Jun 2005]
Issues Affecting the Bureau of Economic Analysis
White Paper The paper focuses on the crucial role those accounts play in shaping public understanding of the U.S.economy and in helping the Congressional... [29 Jun 2005]
Social Security: Long-Term Budget Implications
White Paper Over the next 30 years, the aging of the baby-boom generation will pose new challenges for Social Security, the federal government, and the... [29 Jun 2005]
Consumption Taxes and Economic Efficiency in a Stochastic OLG Economy
White Paper Fundamental tax reform is examined in a heterogeneous overlapping-generations life-cycle model in which agents face idiosyncratic earnings shocks and uncertain life spans. Following Auerbach and Kotlikoff (1987), a lump-sum... [29 Jun 2005]
A 125-Year Picture of the Federal Government's Share of the Economy, 1950 to 2075
White Paper This paper presents a long view of the federal government's finances and the potential impact of two critical drivers of federal spending: the government's largest entitlement programs -... [29 Jun 2005]
Measuring Changes to Social Security Benefits
White Paper However, because of scheduled changes in benefit rules, a growing economy, and improvements in life expectancy, the benefits prescribed under current law do not represent a stable baseline. A number of... [29 Jun 2005]
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