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Dynamic scoring is a forecasting technique for government revenues, expenditures, and budget deficits that incorporates predictions about the behavior of people and organizations based on changes in fiscal policy, usually tax rates. Dynamic scoring depends on models of the behavior of economic agents which predict how they would react once the tax rate or other policy change goes into effect. This means the uncertainty induced in predictions is greater to the degree that the proposed policy is unlike current policy. Unfortunately, any such model depends heavily on judgment, and there is no evidence that it is more effective or accurate.

Attributes	Values
rdfs:label	Dynamic scoring (en)
rdfs:comment	Dynamic scoring is a forecasting technique for government revenues, expenditures, and budget deficits that incorporates predictions about the behavior of people and organizations based on changes in fiscal policy, usually tax rates. Dynamic scoring depends on models of the behavior of economic agents which predict how they would react once the tax rate or other policy change goes into effect. This means the uncertainty induced in predictions is greater to the degree that the proposed policy is unlike current policy. Unfortunately, any such model depends heavily on judgment, and there is no evidence that it is more effective or accurate. (en)
dcterms:subject	Fiscal policy Economic forecasting
Wikipage page ID	2884154 (xsd:integer)
Wikipage revision ID	1085547280 (xsd:integer)
Link from a Wikipage to another Wikipage	Fiscal policy Pro-Growth Budgeting Act of 2013 Republican Party (United States) United States House of Representatives Congressional Budget Office GDP Standard & Poor's Budget and Accounting Transparency Act of 2014 Economic forecasting Agent (economics) Econometric Government budget balance Kansas Laffer curve Supply-side economics Econometric model Bush tax cuts Tax rates Fiscal policy Moody's The Path to Prosperity Static analysis Government revenues
Link from a Wikipage to an external page	http://www.hmenews.com/%3Fp=article&id=hm200907iAIG9M https://web.archive.org/web/20070206094435/http:/www.heritage.org/Research/Taxes/bg1989.cfm https://web.archive.org/web/20070315194221/http:/www.taxfoundation.org/blog/show/1505.html https://web.archive.org/web/20090710091132/http:/www.aeaweb.org/annual_mtg_papers/2005/0107_1430_1304.pdf https://www.washingtonpost.com/blogs/ezra-klein/post/why-the-gop-loves-dynamic-scoring/2011/11/01/gIQA5fNgcM_blog.html http://www.nationalreview.com/nrof_bartlett/bartlett071702.asp https://www.heritage.org/taxes/report/the-bush-budgets-hidden-gold-dynamic-scoring-comes-thetreasury http://www.people.hbs.edu/mweinzierl/paper/dynamicscoring.pdf https://www.forbes.com/sites/joshbarro/2012/04/14/a-problem-with-dynamic-scoring/ https://www.wsj.com/articles/SB112770080908551793 https://www.cbo.gov/publication/50409
sameAs	Dynamic scoring Dynamic scoring Dynamic scoring Dynamic scoring
dbp:wikiPageUsesTemplate	dbt:Cquote dbt:Redirect dbt:Reflist
has abstract	Dynamic scoring is a forecasting technique for government revenues, expenditures, and budget deficits that incorporates predictions about the behavior of people and organizations based on changes in fiscal policy, usually tax rates. Dynamic scoring depends on models of the behavior of economic agents which predict how they would react once the tax rate or other policy change goes into effect. This means the uncertainty induced in predictions is greater to the degree that the proposed policy is unlike current policy. Unfortunately, any such model depends heavily on judgment, and there is no evidence that it is more effective or accurate. For example, a dynamic scoring model may include econometric model of a transitional phase as the population adapts to the new policy, rather than the so-called static-scoring alternative of standard assumption about behavior of people being immediately and directly sensitive to prices. The outcome of the dynamic analysis is therefore heavily dependent on assumptions about future behaviors and rates of change. The dynamic analysis is potentially more accurate than the alternative, if the econometric model correctly captures how households and firms will react to a policy changes. This has been attacked as assumption-driven compared to static scoring which makes simpler assumptions about behavior change due to the introduction of a new policy. (en)
prov:wasDerivedFrom	wikipedia-en:Dynamic_scoring?oldid=1085547280&ns=0
page length (characters) of wiki page	12183 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Dynamic_scoring
is Link from a Wikipage to another Wikipage of	Pro-Growth Budgeting Act of 2013 Revenue neutrality of the FairTax Political positions of Jeb Bush Affordable Care Act Dan Crippen Capital gains tax in the United States FairTax United States federal budget The Heritage Foundation June E. O'Neill Laffer curve Supply-side economics Ray W. Clough Political positions of Marco Rubio Mick Mulvaney Political positions of Hillary Clinton Static analysis Stefanie Stantcheva Dynamic analysis
is Wikipage redirect of	Dynamic analysis
is foaf:primaryTopic of	wikipedia-en:Dynamic_scoring

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