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- Blog Post
Although much of the analysis that CBO undertakes is very technical in nature, the agency works hard to explain the basis for its findings so that Members of Congress, their staff, and outside analysts can understand the results and question the methods used. To that end, CBO just released a report, How the Supply of Labor Responds to Changes in Fiscal Policy, that explains an important aspect of the agency’s analysis.
- Working Paper
Review of Estimates of the Frisch Elasticity of Labor Supply
- Working Paper
A Review of Recent Research on Labor Supply Elasticities
- Report
Over the past few years, the federal government has been recording budget deficits that are the largest as a share of the economy since 1945. Consequently, the amount of federal debt held by the public has surged.
- Report
In its analysis of the President’s proposals excluding any macroeconomic effects, CBO concluded that the federal budget deficit would equal $1.3 trillion in fiscal year 2012 and would decline to about $1.0 trillion in 2013.
- Report
The Long-Term Budgetary Impact of Paths for Federal Revenues and Spending Specified by Chairman Ryan
CBO's assessment of how the specified paths would alter the trajectories of federal debt, revenues, spending, and economic output relative to the trajectories under two scenarios that CBO has analyzed previously.