Economics

Why presidential influence over monetary policy should be checked

Wharton’s Christina Parajon Skinner says that over time, Congress has granted significant power to the president to influence monetary policy, which could erode the Federal Reserve’s autonomy and weaken the fight against inflation.

From Knowledge at Wharton

India at 75, CASI at 30

The Center for the Advanced Study of India, the first institution in the U.S. dedicated to the study of contemporary India, is turning 30 this year, and celebrated with a symposium that also highlighted the 75th anniversary of India’s independence.

Kristina García

Employee turnover costs more than you think

A new study from Wharton’s Ken Moon reveals the hidden cost of employee turnover by drawing a direct link between higher quit rates and product failure for a smartphone manufacturer.

From Knowledge at Wharton



Media Contact


In the News


CNN

Here’s what would happen to the US economy if there are no rate cuts this year

Itay Goldstein of the Wharton School says stock market prices still reflect the expectation that the Federal Reserve will cut rates later this year, even with the recent selloff.

FULL STORY →



The New York Times

We don’t see what climate change is doing to us

In an Op-Ed, R. Jisung Park of the School of Social Policy & Practice says that public discourse around climate change overlooks the buildup of slow, subtle costs and their impact on human systems.

FULL STORY →



The New York Times

Biden’s student loan repayment plan is being challenged. Here’s what to know

Kent Smetters of the Wharton School attributes $235 billion of the cost of the SAVE loan repayment plan to its increased generosity relative to existing plans.

FULL STORY →



Inside Higher Ed

Report: Biden’s new debt relief plan estimated to cost $84 billion

According to economists at the Penn Wharton Budget Model, President Biden’s new plan to forgive some or all student loans for 26 million Americans would cost about $84 billion over 10 years.

FULL STORY →



Kiplinger

Can money buy you happiness? Yes, it can. However…

Research by Matthew Killingsworth of the Wharton School reveals there is no monetary threshold at which money's capacity to improve well-being diminishes.

FULL STORY →



MarketWatch

More high schools are requiring financial-literacy classes. The pandemic may have played a key role

In a co-authored journal article, Olivia Mitchell of the Wharton School explains when financial education is at its most effective.

FULL STORY →