Global Trade
Rebalancing the world economy: Right idea but wrong approach
A pending rule change in the House of Representatives will require the Joint Committee on Taxation and the Congressional Budget Office to incorporate macroeconomic effects into official price-tags on certain pieces of major legislation. This remains controversial. It’s also hard to do well. The Urban-Brookings Tax Policy Center and the Hutchins Center on Fiscal and Monetary Policy at Brookings take a close look at how dynamic scoring is done, the models that JCT and CBO use for macroeconomic analysis of tax bills and other major legislation (immigration, Affordable Care Act, infrastructure), and how to communicate this analysis accurately.
Follow the discussion on Twitter at @BrookingsEcon or
#DynamicScoring
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Event Materials
| Background research | |
| Presentations | “Macroeconomic Analysis at the Joint Committee on Taxation and the Mechanics of Its Implementation” » |
Dynamic Scoring: Now What?
Camp Tax Reform Plan Panel Discussion
Dynamic Scoring for Non-Tax Bills
Agenda
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January 26
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What is Dynamic Scoring?
DHDoug Holtz-Eakin Senior Policy Advisor, John McCain 2008
Leonard E. Burman Institute Fellow - The Urban Institute, Co-founder - Urban-Brookings Tax Policy Center -
Macro Analysis at JCT and the Mechanics of Its Implementation
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Camp Tax Reform Plan Panel Discussion
William G. Gale Senior Fellow - Economic Studies, The Arjay and Frances Fearing Miller Chair in Federal Economic Policy, Co-Director - Urban-Brookings Tax Policy CenterJGJane Gravelle Senior Specialist, Economic Policy - Congressional Research Service
ADVAlan D. Viard -
Dynamic Scoring for Non-Tax Bills
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Welcome
David Wessel Director - The Hutchins Center on Fiscal and Monetary Policy, Senior Fellow - Economic Studies @davidmwessel
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