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How Changes in Economic Conditions Might Affect the Federal Budget: 2020 to 2030

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  • Congressional Budget Office

Abstract

To show how the federal budget might be affected if economic conditions differed from those in its current economic forecast, CBO has developed “rules of thumb†that provide a sense of how changes in four key economic variables would affect revenues, outlays, and deficits.

Suggested Citation

  • Congressional Budget Office, 2020. "How Changes in Economic Conditions Might Affect the Federal Budget: 2020 to 2030," Reports 56096, Congressional Budget Office.
    • Handle: RePEc:cbo:report:56096
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    File URL: https://www.cbo.gov/system/files/2020-02/56096-CBO-rules-of-thumb.pdf
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    More about this item

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E47 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Forecasting and Simulation: Models and Applications
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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