Economic Impact Assessment Analyzer
Model economic policy impacts with structured frameworks and sensitivity analysis
What You Can Do
You can conduct rigorous economic impact assessments that isolate direct and indirect effects, identify confounding variables, and present uncertainty ranges with documented assumptions. The skill guides you through structured frameworks for regulatory impact analyses, fiscal modeling, labor market assessments, sectoral disruption analysis, and welfare effect quantification—producing peer-reviewable analyses suitable for legislative scrutiny and public accountability.
Features
trace direct and indirect economic effects through supply-side, demand-side, and distributional channels
assess labor market effects including job creation/displacement, wage impacts, and sectoral reallocation costs
model revenue implications, spending effects, and long-term budget impacts with debt dynamics
quantify effects across income groups, regions, industries, and vulnerable populations
test assumptions, present uncertainty ranges, and model alternative policy designs
identify and control for competing explanations to establish causal policy effects
structure analyses for Congressional Budget Office coordination and legislative review
record all methodologies, data sources, and parameter choices for auditability and replicability
Example Output
Example 1: Minimum Wage Policy Assessment
- Direct effect: 2.1% employment reduction (low-wage workers), concentrated in leisure/hospitality sector
- Indirect effects: 0.3% increase in consumer prices; 0.8% wage spillover to near-minimum workers
- Fiscal impact: $1.2B increase in EITC costs; $0.4B reduction in payroll tax revenue
- Distributional: Median income household benefit $180/year; 15th percentile faces 1.4% job risk
- Sensitivity range: Employment effect ranges from -0.8% to -3.2% depending on elasticity assumptions
Example 2: R&D Tax Credit Expansion
- GDP impact: $1.8B–$2.4B net present value over 10 years
- Sectoral concentration: 67% of benefits accrue to tech and pharma sectors
- Employment effect: 8,500 net jobs created (accounting for crowding-out in non-subsidized R&D)
- Fiscal cost: $340M annual revenue loss; breakeven in year 8 via productivity gains
- Regional variation: High-tech metros capture 72% of benefits; rural areas 3%
What's Included
- SKILL.md instruction file with frameworks for GDP modeling, employment analysis, fiscal impact quantification, and distributional assessment:
- Regulatory Impact Analysis (RIA) template with sensitivity tables and assumption documentation:
- Cost-benefit analysis checklist covering baseline definition, counterfactual specification, and monetization protocols:
- Distributional impact matrix for segmenting effects across demographics, regions, and sectors:
- Assumption sensitivity worksheet and scenario modeling guide for uncertainty quantification:
Who It's For
- Policy Analysts — conduct evidence-based regulatory and fiscal impact assessments for government agencies
- Legislative Staff — support Congressional committees with quantified policy evaluation and CBO coordination
- Economists & Researchers — model macroeconomic transmission mechanisms and distributional outcomes of proposed interventions
- Regulatory Affairs Professionals — prepare rigorous impact documentation for notice-and-comment rulemaking and public testimony
- Budget Officers — estimate fiscal implications of programs, tax changes, and structural policy reforms
Best For
- Regulatory Impact Analyses (RIAs) and regulatory assessments for federal and state agencies
- Fiscal impact modeling of tax policy changes, entitlement reforms, and spending programs
- Labor market effect quantification for wage, training, trade, and labor regulation policies
- Sectoral disruption and transition cost analysis from environmental, industrial, or trade policies
- Distributional equity analysis showing impacts across income groups, geographies, and demographics
- Competitiveness and efficiency assessment of subsidy programs and targeted economic interventions
- Legislative testimony preparation and Congressional Budget Office coordination
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