Presentation by Wendy Edelberg, CBO’s Assistant Director for Macroeconomic Analysis, to the Wharton School of the University of Pennsylvania.
CBO has devoted significant effort to developing analytical tools that enable it to assess the macroeconomic effects of fiscal policies and how such effects, or "macroeconomic feedback," would affect the federal budget. This presentation describes the tools CBO uses to estimate the long-term economic effects of fiscal policies.
