Our comments to congressional budget and revenue committees.
Using data from 2017 through the 2022 budget as passed (or nearing passage)
The model predicts that for every percent of deficit less net interest as a percentage of GDP there will be 0.394% growth in the next year, with a 2.6% growth rate if the deficit equals net interest. This model explains 39.2% of the variation.
posted by Michael Bindner at 8:36 AM
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