| Publisher | Congressional Budget Office | ||
|---|---|---|---|
| Format | 757.6KB PDF | Date added | 01 Aug 2001 |
| Topics | Performance Budgeting and Management | ||
| Downloads | 79 | ||
The Congressional Budget Office's (CBO's) estimate of potential output plays an important role in its economic forecast. This paper describes the method that CBO uses to estimate past and present potential output and to make 10-year projections, as well as changes in that method over the past five years. The paper also compares CBO's estimates with those of other agencies and discusses the advantages and disadvantages of alternative estimating methods.
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