Learn About America's Monetary Policy, Interest Rates, and Economic projections! CBO's economic forecast--which underlies its budget projections--indicates that, under current law, the economy will expand through 2018 at a pace that leads to further tightening of the labor market. Greater demand for workers will put downward pressure on the unemployment rate and upward pressure on the rate of labor force participation. As the amount of unused productive resources in the economy shrinks, inflation and interest rates are projected to rise. In the later part of the 10-year projection period, annual output growth is projected to average 1.9 percent, constrained by a relatively slow increase in the size of the nation's labor force. High school students and above may find this report beneficial for U.S. economy, economic conditions, and America's debt research papers. American citizens, small business, corporations, lobbyists, fiscal managers, economists, and media news outlets may find this information invaluable for understanding America's future growth and management of debt. Members of Congress, government agency personnel at Federal and State level, plus investors may be interested in this updated edition. Related products: Congressional Budget Reports & Economic Analyses resources collection can be found here: https://bookstore.gpo.gov/catalog/budget-economy/congressional-budget-reports-economic-analyses Budget of the U.S. Government, A New Foundation for American Greatness, Fiscal Year 2018 is available here: https://bookstore.gpo.gov/products/budget-united-states-government-fy-2018-paperback-book Major Savings and Reforms: Budget of the U.S. Government, Fiscal Year 2018 can be found here: https://bookstore.gpo.gov/products/major-savings-and-reforms-budget-us-government-fiscal-year-2018 Sign up today for an annual print subscription to Economic Indicators that provide economic information on gross domestic product, income, employment, prices, wages, production, business activity, security markets, Federal Finance, and more at this link: https://bookstore.gpo.gov/products/sku/752-004-00000-5?ctid=

This Handbook is a comprehensive anthology of up-to-date chapters contributed by current researchers in budget forecasting. Editors Daniel Williams and Thad Calabrese had previously found substantial deficiencies in public budgeting forecast literature with current research failing to address such matters as practices related to forecasting expenditure factors, the consequences of forecast bias, or empirical examination of the effectiveness of many deterministic methods actually used by many governments. This volume comprehensively addresses the state of knowledge about budget forecasting for practitioners, academics, and students and serves as a comprehensive resource for instruction alongside serving as a reference book for those engaged in budget forecasting practice.

"This report examines some of the pressures on the federal government that are likely to develop over the next 75 years. It is based on the Congressional Budget Office's (CBO's) 10-year baseline projections of July 2000"--Pref.