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Diane Publishing Books
CBO劌製 Economic Forecasting Record: 2015 Update
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Kim Kowalewski (au)
For nearly four 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, inflation, interest rates, and income 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. This report evaluates CBO劌製 macroeconomic forecasts over two-year and five-year horizons. It finds that CBO劌製 forecasts generally have been comparable in quality with those of the Administration and the Blue Chip consensus. Tables and figures. This is a print on demand report.
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