Frontiers of Benefit-Cost Analysis

In March of 2023, the National Science and Technology Council established a new Subcommittee on Frontiers of Benefit-Cost Analysis as a technical community of practice where Federal agencies can:

• Share knowledge and expertise on advancing benefit-cost analysis;
• Aid each other in accessing new data, methods, and expertise; and
• Identify areas where additional research, including by non-governmental actors, could meaningfully advance agency capacity to quantify or monetize costs and benefits.

Researchers can reach out to the email address Frontiers@omb.eop.gov to provide agencies with relevant studies, datasets, or other information that would inform benefit-cost analysis.

Reports

• Advancing the Frontiers of Benefit-Cost Analysis: Progress on Federal Priorities, Insights for the Research Community, and Emerging Topics (2024)
• Advancing the Frontiers of Benefit-Cost Analysis: Federal Priorities and Directions for Future Research (2023)
  • FACT SHEET: Biden-Harris Administration Announces New Initiative to Advance the Frontiers of Benefit-Cost Analysis and Strengthen Government Decision Making

Events

• Frontiers of Benefit-Cost Analysis: Progress, Insights, and Emerging Topics (October 16, 2024)
• Advancing the Frontiers of Benefit-Cost Analysis Roundtable Launch Event (December 19, 2023)

Membership

The Subcommittee is co-chaired by the Council of Economic Advisors (CEA), Office of Information and Regulatory Affairs (OIRA), and Office of Science and Technology Policy (OSTP). Subject-matter experts from across the Executive Branch serve as members of the Subcommittee.