IDEAS home Printed from https://ideas.repec.org/p/cbo/wpaper/53537.html
   My bibliography  Save this paper

How CBO Produces Its 10-Year Economic Forecast: Working Paper 2018-02

Author

Listed:
  • Robert W. Arnold

Abstract

As part of its mandate to provide nonpartisan analyses to assist economic and budgetary decisions by the Congress, CBO prepares an economic forecast twice per year. Those forecasts are used in the agency’s projections for the federal budget and cost estimates for proposed federal legislation. Forecasts of gross domestic product, inflation, interest rates, and income play a particularly significant role in the agency’s budgetary analysis; for example, projections of wages and salaries are used to forecast individual income tax receipts. This paper describes the process used

Suggested Citation

  • Robert W. Arnold, 2018. "How CBO Produces Its 10-Year Economic Forecast: Working Paper 2018-02," Working Papers 53537, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:53537
    as

    Download full text from publisher

    File URL: https://www.cbo.gov/system/files/115th-congress-2017-2018/workingpaper/53537-workingpaper.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mark Lasky, 2018. "CBO’s Model for Forecasting Business Investment: Working Paper 2018-09," Working Papers 54871, Congressional Budget Office.
    2. Takeshi Yagihashi, 2020. "DSGE Models Used by Policymakers: A Survey," Discussion papers ron333, Policy Research Institute, Ministry of Finance Japan.
    3. Congressional Budget Office, 2018. "CBO’s Projection of Labor Force Participation Rates: Working Paper 2018-04," Working Papers 53616, Congressional Budget Office.

    More about this item

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbo:wpaper:53537. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/cbogvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.