Daily Archives: February 13, 2014

Technical Notes for ‘Mr. Smith’

This is an appendix for our earlier post, “Why the CBO’s Mr. Smith Has More Work To Do.”

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Why The CBO’s ‘Mr. Smith’ Has More Work To Do

From budget projections released by the Congressional Budget Office (CBO) last week: CBO now expects that output will fall slightly short of its potential, on average, even after the economy has largely recovered from the recent economic downturn. Translation: We’ve … Continue reading

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