Comments and Discussion

By design, official budget estimates for legislative proposals generally exclude the proposals' likely effects on labor, capital, productivity, and output, as well as any feedback from such effects to the federal budget. Policymakers would benefit from knowing the expected sizes of those effects, and advances in research and in the estimating agencies' tools and experience have made such analysis more feasible. If Congress requested that those effects be included more often in official budget estimates—so-called dynamic scoring of legislation—the advantages and disadvantages would vary across policy areas. For some areas, the estimated budgetary impact of the currently excluded effects would be significantly different from the impact of the included effects. But dynamic scoring would be substantially more time-consuming than conventional scoring, and in some areas, the research base is insufficient for credible estimation.

Authors

Publication Details

Journal
Brookings Papers on Economic Activity
Published
2024-09-01
DOI
https://doi.org/10.1353/eca.2024.a965434
Citations
1
Primary Topic
Fiscal Policies and Political Economy
Type
article
Field-Weighted Citation Impact
0.00
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article

Comments and Discussion

G. William Hoagland, Deborah Lucas
1 citations
Brookings Papers on Economic Activity
Fiscal Policies and Political Economy
article

Comments and Discussion

G. William Hoagland, Deborah Lucas
article en
1 citations

Abstract

By design, official budget estimates for legislative proposals generally exclude the proposals' likely effects on labor, capital, productivity, and output, as well as any feedback from such effects to the federal budget. Policymakers would benefit from knowing the expected sizes of those effects, and advances in research and in the estimating agencies' tools and experience have made such analysis more feasible. If Congress requested that those effects be included more often in official budget estimates—so-called dynamic scoring of legislation—the advantages and disadvantages would vary across policy areas. For some areas, the estimated budgetary impact of the currently excluded effects would be significantly different from the impact of the included effects. But dynamic scoring would be substantially more time-consuming than conventional scoring, and in some areas, the research base is insufficient for credible estimation.

Brookings Papers on Economic ActivityVol. 2024(2)
Openalex Percentile: Top 66%
Fiscal Policies and Political Economy
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