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- Dynamic_scoring abstract "Dynamic scoring predicts the impact of fiscal policy changes by forecasting the effects of economic agents' reactions to incentives created by policy. It is an adaptation of static scoring, the traditional method for analyzing policy changes.When feasible, the method yields a more accurate prediction of a policy's impact on a country's fiscal balance and economic output. The potential for heightened accuracy arises from recognition that households and firms will alter their behavior to continue maximizing welfare (households) or profits (firms) under the new policy. Dynamic scoring is more accurate than static scoring when the econometric model correctly captures how households and firms will react to a policy change.Dynamic scoring is difficult to apply in practice due to the complexity of modeling economic agents' behavior. Economists must infer from economic agents' current behavior how the agents would behave under the new policy. Difficulty increases as the proposed policy becomes increasingly unlike current policy. Likewise, the difficulty of dynamic scoring increases as the time horizon under consideration lengthens. This is due to any model's intrinsic inability to account for unforeseen external shocks in the future.Further, the reaction to policy changes may not occur quickly, and thus an intrinsic lag in market behavior obscures the real effect of policy changes.".
- Dynamic_scoring wikiPageExternalLink SB112770080908551793.html.
- Dynamic_scoring wikiPageExternalLink 0107_1430_1304.pdf.
- Dynamic_scoring wikiPageExternalLink dynamicscoring_05-1212.pdf.
- Dynamic_scoring wikiPageExternalLink a-problem-with-dynamic-scoring.
- Dynamic_scoring wikiPageExternalLink bg1989.cfm.
- Dynamic_scoring wikiPageExternalLink wm994.cfm.
- Dynamic_scoring wikiPageExternalLink ?p=article&id=hm200907iAIG9M.
- Dynamic_scoring wikiPageExternalLink bartlett071702.asp.
- Dynamic_scoring wikiPageExternalLink 1505.html.
- Dynamic_scoring wikiPageExternalLink gIQA5fNgcM_blog.html.
- Dynamic_scoring wikiPageID "2884154".
- Dynamic_scoring wikiPageRevisionID "602312246".
- Dynamic_scoring hasPhotoCollection Dynamic_scoring.
- Dynamic_scoring subject Category:Fiscal_policy.
- Dynamic_scoring comment "Dynamic scoring predicts the impact of fiscal policy changes by forecasting the effects of economic agents' reactions to incentives created by policy. It is an adaptation of static scoring, the traditional method for analyzing policy changes.When feasible, the method yields a more accurate prediction of a policy's impact on a country's fiscal balance and economic output.".
- Dynamic_scoring label "Dynamic scoring".
- Dynamic_scoring sameAs m.0890l5.
- Dynamic_scoring sameAs Q5319015.
- Dynamic_scoring sameAs Q5319015.
- Dynamic_scoring wasDerivedFrom Dynamic_scoring?oldid=602312246.
- Dynamic_scoring isPrimaryTopicOf Dynamic_scoring.