Economics

The Penn Wharton Budget Model estimates that the House-passed reconciliation bill will increase primary deficits by $2.8 trillion within 10 years, featuring remarks from Kent Smetters.

According to a collaborative paper by Hanming Fang of the School of Arts & Sciences, more than a fifth of Chinese policy documents feature some kind of industrial policy.

Witold Henisz of the Wharton School says that ignoring carbon emissions would incur costs bigger than the great financial crisis housing crisis, and dot-com crisis.”

Jeremy Siegel of the Wharton School discusses the latest market trends, the impact of the administration’s tariff policy, and why he remains bullish on equities.

In a co-written opinion article, Hanming Fang of the School of Arts & Sciences says that jobs harm from Chinese imports has largely been local and temporary, while overall jobs and consumer welfare increased.

Richard Shell of the Wharton School says that opening high or low is a tactic used often in negotiations to anchor the other party at an extreme end of the range.

Kent Smetters of the Wharton School predicts that new tax breaks could contribute to a crisis within two decades.

The Penn Wharton Budget Model estimates that annual deficits will cumulatively increase by about $3.2 trillion during the next 10 years.