IDEAS home Printed from https://ideas.repec.org/p/cbo/wpaper/57254.html
   My bibliography  Save this paper

The Congressional Budget Office’s Small-Scale Policy Model: Working Paper 2022-08

Author

Listed:
  • Mark Lasky

Abstract

The Congressional Budget Office’s small-scale policy model (CBOSS) combines features of two existing models used to analyze fiscal policy into a single workhorse model. Currently, the multipliers model focuses on short-term demand effects, whereas the policy growth model focuses on long-run equilibrium effects. Unlike the two-model approach, CBOSS passes short-run effects through to the long run. CBOSS uses interest rates as a transmission mechanism for the “crowding out†of investment. The model also consistently treats the effects of policy in both the short and long run

Suggested Citation

  • Mark Lasky, 2022. "The Congressional Budget Office’s Small-Scale Policy Model: Working Paper 2022-08," Working Papers 57254, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:57254
    as

    Download full text from publisher

    File URL: https://www.cbo.gov/system/files/2022-09/57254-CBOSS.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

    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:57254. 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.