16. What is meant by dynamic scoring of the budget? Why does dynamic scoring potentially lead to...
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16. What is meant by dynamic scoring of the budget?
Why does dynamic scoring potentially lead to more realistic estimates of the “true” effective size of a budget deficit? What are some methodological issues involved in dynamic scoring? (Note that you can read more about dynamic budget scoring in the Council of Economic Advisers’ Economic Report of the President. In 2004, this was found in Chapter 5. The Council of Economic Advisers’
Web site is http://www.whitehouse.gov/cea, and at the time of this writing the Economic Report of the President could be found at http://www.gpoaccess
.gov/eop/index.html).
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