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What is the value of dynamic scoring for legislators?
Manage episode 448723184 series 3547788
Content provided by The Brookings Institution. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Brookings Institution or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
When Congress considers legislation, nonpartisan agencies provide estimates of the law’s potential economic effects to policymakers, a process known as “scoring.” In recent decades, analysts at the Congressional Budget Office and Joint Committee on Taxation have developed models that incorporate complex feedback effects, going beyond conventional scoring techniques. These “dynamic scoring” methods can produce significantly different estimates of a law’s economic impact, but there are tradeoffs in applying them in different policy areas. On this episode Doug Elmendorf and Glenn Hubbard join Wendy Edelberg, director of The Hamilton Project, for a discussion on the costs and benefits of dynamic scoring.
The Brookings Podcast on Economic Activity is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, or wherever you listen to podcasts. Send feedback email to [email protected].
31 episodes
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Manage episode 448723184 series 3547788
Content provided by The Brookings Institution. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Brookings Institution or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
When Congress considers legislation, nonpartisan agencies provide estimates of the law’s potential economic effects to policymakers, a process known as “scoring.” In recent decades, analysts at the Congressional Budget Office and Joint Committee on Taxation have developed models that incorporate complex feedback effects, going beyond conventional scoring techniques. These “dynamic scoring” methods can produce significantly different estimates of a law’s economic impact, but there are tradeoffs in applying them in different policy areas. On this episode Doug Elmendorf and Glenn Hubbard join Wendy Edelberg, director of The Hamilton Project, for a discussion on the costs and benefits of dynamic scoring.
The Brookings Podcast on Economic Activity is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, or wherever you listen to podcasts. Send feedback email to [email protected].
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Similar to Brookings Podcast on Economic Activity
Unseeable forces control human behavior and shape our ideas, beliefs, and assumptions. Invisibilia—Latin for invisible things—fuses narrative storytelling with science that will make you see your own life differently.
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continue reading
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…
continue reading
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…
continue reading
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…
continue reading
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…
continue reading
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