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CBO劌製 Economic Forecasting Record: 2013 Update
CBOäó»s Economic Forecasting Record: 2013 Update
 
Our Price: $20.00
By Stephnie Burns (au)
Year: 2013
Pages: 49
Binding Paperback
ISBN 978-1-4578-4324-2

Product Code: 1457843242

Description
 
For more than three decades, the Congressional Budget Office (CBO) has prepared economic forecasts that underlie the agency劌製 projections for the federal budget and cost estimates for proposed federal legislation. In particular, forecasts of output, income, inflation, and interest rates play a significant role in the agency劌製 budgetary analysis; for example, projections of wages and salaries are used to forecast individual income tax receipts. CBO regularly evaluates the quality of its economic forecasts by comparing them with the economy劌製 actual performance and with forecasts by the Admin. and the Blue Chip consensus 劌 an average of about 50 private-sector forecasts. Such comparisons indicate the extent to which uncertainty and imperfect information may have caused CBO to 劌骻iss劌 patterns or turning points in the economy. They also identify areas where CBO has tended to make larger errors or less accurate forecasts than other analysts. CBO劌製 forecasts generally have been comparable in quality with those of the Administration and the Blue Chip consensus. Figures and tables. This is a print on demand report.

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