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To predict the budgetary impact of a major federal policy accurately, analysts should take into account the policy’s potential macroeconomic effects.

United statesDoug elmendorfRichard evansLarry kotlikoffPeter diamondMark gertlerAlan auerbachKerk phillipsTony atkinsonJames mirrleesKenneth rogoffJeremy bulowJoseph stiglitzBen bernankePublications of the tax foundationRelevant research fields are dynamically