1 online resource (58 pages) : color illustrations
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Note
"September 2019."
"Michael Falkenheim wrote this report"--About this document page.
Bibliography
Includes bibliographical references.
Summary
To explore how changes to financial regulation might affect the federal budget, CBO analyzed three illustrative policies. The agency found that the policies' largest budgetary effects would stem from macroeconomic feedback.
Note
Description based on online resource, PDF version; title from cover (CBO, viewed December 28, 2019).
Contents
1. Financial regulation under current law. Goals and challenges of financial regulation -- Safety and soundness regulation -- Financial guarantee, emergency lending, and resolution authorities -- 2. Direct effects of CBO's three illustrative policies on spending and revenues. Lowering capital requirements -- Eliminating orderly liquidation authority -- Repealing the ability-to-repay rule for mortgages -- Effects of the three illustrative policies on the economy. Effects under baseline economic conditions -- Effects on the likelihood and severity of financial crises -- Budgetary consequences of the policies' economic effects. Macroeconomic feedback under baseline economic conditions -- Microeconomic feedback stemming from changes in the likelihood and severity of financial crises -- Lowing capital requirements -- Eliminating orderly liquidation authority -- Repealing the ability-to-repay rule for mortgages -- 5. Sensitivity of the results to the parameters used in this analysis and to provisions of tax law. An overview of the models and parameters used in this analysis -- Sensitivity of the estimates of the direct effects on spending and revenues -- Sensitivity of the estimates of macroeconomic feedback.
