Congressional Budget Office

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Congressional Budget Office

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Economy

CBO regularly assesses the state of the economy and the impact on the economy of proposed changes in federal spending and taxes. Analysts prepare economic projections that underlie CBO’s projections for the federal budget and cost estimates for proposed legislation; study major aspects of the economy such as trends in productivity and long-term unemployment; and examine the economic impact of changes in the nation’s tax system or reforms to federal programs.

Sub-Topics:

  • Analysis of the President's Budget
  • Budget and Economic Outlook
  • Economic Projections
  • Economic Stimulus
  • International Trade and Finance
  • Long-Term Economic Trends
  • NAFTA

monthly archive

  • May 2013 (15)
  • April 2013 (14)
  • March 2013 (22)
  • February 2013 (10)
  • January 2013 (11)
  • December 2012 (4)
  • November 2012 (10)
  • October 2012 (4)
  • September 2012 (6)
  • August 2012 (5)
  • July 2012 (11)
  • June 2012 (8)
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U.S. Economic Performance

posted by Doug Elmendorf on March 21, 2013

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Total Factor Productivity Growth in Historical Perspective: Working Paper 2013-01

working paper

March 18, 2013

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Abstract

Robert Shackelton

This paper reviews the broad contours of total factor productivity (TFP) growth in the U.S. economy since 1870, highlighting the contribution of various technological innovations to the growth of different sectors of the economy. The paper also notes the correlation between TFP growth and improvements in general health and well-being as reflected in changes in life expectancy. Finally, the paper discusses the potential for continued growth in TFP in the future.


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  • Additional Data

  • Automatic Stabilizers

related publications


  • The Budget and Economic Outlook: Fiscal Years 2013 to 2023

    February 05, 2013

  • The Budget and Economic Outlook: Fiscal Years 2012 to 2022

    January 31, 2012
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The Effects of Automatic Stabilizers on the Federal Budget as of 2013

report

March 8, 2013

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  • Growth in Means-Tested Programs and Tax Credits for Low-Income Households

    February 11, 2013

  • Federal Support for State and Local Governments Through the Tax Code

    April 25, 2012

  • The Budget and Economic Outlook: Fiscal Years 2013 to 2023

    February 05, 2013

  • Fiscal Stress Faced by Local Governments

    December 09, 2010

  • Policies for Increasing Economic Growth and Employment in 2012 and 2013

    November 15, 2011
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Federal Grants to State and Local Governments

report

March 5, 2013

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monthly archive

  • May 2013 (15)
  • April 2013 (14)
  • March 2013 (22)
  • February 2013 (10)
  • January 2013 (11)
  • December 2012 (4)
  • November 2012 (10)
  • October 2012 (4)
  • September 2012 (6)
  • August 2012 (5)
  • July 2012 (11)
  • June 2012 (8)
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Presentation to the National Association for Business Economics

posted by Doug Elmendorf on March 5, 2013

monthly archive

  • May 2013 (15)
  • April 2013 (14)
  • March 2013 (22)
  • February 2013 (10)
  • January 2013 (11)
  • December 2012 (4)
  • November 2012 (10)
  • October 2012 (4)
  • September 2012 (6)
  • August 2012 (5)
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Automatic Reductions in Government Spending -- aka Sequestration

posted by Wendy Edelberg on February 28, 2013

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related publications


  • Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from July 2012 Through September 2012

    November 20, 2012
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Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2012 Through December 2012

report

February 21, 2013

read complete document  (pdf, 195 kb)

monthly archive

  • May 2013 (15)
  • April 2013 (14)
  • March 2013 (22)
  • February 2013 (10)
  • January 2013 (11)
  • December 2012 (4)
  • November 2012 (10)
  • October 2012 (4)
  • September 2012 (6)
  • August 2012 (5)
  • July 2012 (11)
  • June 2012 (8)
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CBO Testifies on the Budget and Economic Outlook

blog post

February 15, 2013


related publications


  • The Budget and Economic Outlook: Fiscal Years 2013 to 2023

    February 05, 2013
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Testimony on the Budget and Economic Outlook: Fiscal Years 2013 to 2023

report

February 13, 2013

read complete document  (pdf, 196 kb)

related publications


  • The Budget and Economic Outlook: Fiscal Years 2013 to 2023

    February 05, 2013
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Testimony on the Budget and Economic Outlook: Fiscal Years 2013 to 2023

report

February 12, 2013

read complete document  (pdf, 194 kb)

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