Dynamic Scoring: A Progress Report on Why, When, and How

B-Tier
Journal: Brookings Papers on Economic Activity
Year: 2024
Issue: 2 (Fall)
Pages: 93-160

Authors (3)

Douglas Elmendorf (Harvard University) Glenn Hubbard (not in RePEc) Heidi Williams (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:bin:bpeajo:v:55:y:2024:i:2024-02:p:93-160
Journal Field
General
Author Count
3
Added to Database
2026-01-25