@KentOnMoney

@Wharton professor of #Business #Economics and #PublicPolicy. Host of Kent On Money SiriusXM 111, Tue 5-7 ET. Faculty Director at the Penn Wharton @BudgetModel

 Philadelphia, PA
whr.tn/KentSmetters
Joined October 2019
  • Tweets43
  • Following72
  • Followers695
8Media
The proposed income-driven repayment program in Biden's Student Debt Relief Plan “could radically change how people finance college,” says Prof. @KentOnMoney, discussing analysis from the @BudgetModel he directs. Listen to his @WhartonBizDaily interview: whr.tn/3Lkt6GH
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The @WSJ interviews Professor @KentOnMoney about @POTUS' proposed FY23 budget: on.wsj.com/3xsriqn

Upbeat Economic Outlook Aids Biden’s Deficit Push

The White House’s inflation and growth projections, which predate war in Ukraine, bias debt ratios downward, economists say.

wsj.com
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To understand why gas tax holiday has no impact on price (net of tax) paid by consumers when SR supply is inelastic, a basic diagram from first week intro micro. (Equivalently, shift up S to same effect, as incidence is independent of party taxed, also from micro.)
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Total US fixed income debt ($53 trillion) now larger than value of US stock market ($50 trillion).
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Despite new job creation falling below expectations, wages have risen 14% in the leisure and hospitality industry. Analysis by Torsten Slok of Apollo
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This seems good defenseone.com/technology/20…

US Army Creates Single Vaccine Against All COVID & SARS Variants, Researchers Say

Within weeks, Walter Reed researchers expect to announce that human trials show success against Omicron—and even future strains.

defenseone.com
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From @BudgetModel: Average U.S. household (HH) must spend $3,500 more in 2021 to get 2020 level of goods and services. Lower-income HH's will have to increase spending by 7% while higher-income HH's by 6%: budgetmodel.wharton.upenn.ed…

Impact of Inflation by Household Income | Penn Wharton Budget Model

We estimate that inflation in 2021 will require the average U.S. household to spend around $3,500 more in 2021 to achieve the same level of consumption of goods and services as in recent previous...

budgetmodel.wharton.upenn.edu
From Apollo's Chief Economist, Torsten Slok
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Kent Smetters retweeted
Manu Raju
@mkraju13 Dec 2021
In a big warning sign, Manchin said BBB shouldn’t rely on temporary spending that could become permanent. “I don’t think that’s a fair evaluation of saying we are going to spend X amount of dollars but then we are going to have to depend on coming back and finding more money"
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CBO/JCT releases illustrative score of #BuildBackBetter assuming temporary spending programs made permanent. An increase in 10-year debt of $3.0 trillion under permanent spending, versus $0.2 trillion for the Act as-written with temporary spending. cbo.gov/publication/57673

Budgetary Effects of Making Specified Policies in the Build Back Better Act Permanent

CBO and the Joint Committee on Taxation project the budgetary effects, including the effects on interest costs, of a modified version of H.R. 5376, the Build Back Better Act, that would make various...

cbo.gov
New #publichealth analyses show majority of states don’t meet @CDCgov's criteria for lifting restrictions. Professor @KentOnMoney and faculty director of the @BudgetModel explains to the @WSJ on.wsj.com/3hRcA0X

After Reopening, Coronavirus-Hit States Chart Their Own Paths to Close Up Again

States are relying on their own public-health indicators when deciding whether to reclose portions of their economies to try to stop rising coronavirus infections that many attribute to the reopening...

wsj.com
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A growing number of states are hitting 'pause' on their reopening plans due to #coronavirus surges. Professor @KentOnMoney spoke with the @nytimes about how it's impacting consumer confidence nyti.ms/2VJnqgS
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Kent Smetters retweeted
The Wharton School
@Wharton1 May 2020
🎥 Join @Penn Wharton @BudgetModel, led by Faculty Director @KentOnMoney, live on Tuesday, May 5 at 12 PM ET for a discussion on the health and economic effects of U.S. states easing lockdown policies in response to COVID-19. RSVP to the free event here: bit.ly/BudgetModelLive
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A very interesting presentation on policy responses to pandemics by @KentOnMoney. static1.squarespace.com/stat…
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Kent Smetters retweeted
The Wharton School
@Wharton1 Apr 2020
🔊 @WhartonBizDaily SPECIAL REPORT: "Wharton on Managing Uncertainty: The #Coronavirus Outbreak" Listen in as leading faculty, including @Garrett_Geoff, @MauroFGuillen & @KentOnMoney, discuss the current state of global business and financial uncertainty amid #COVID19.

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BRAND NEW: #PWBM presents the budgetary and distributional estimates for three potential versions of the lump-sum payment that President Trump announced in response to the #coronavirus crisis earlier today. whr.tn/2Wttprq

Options for Emergency Lump-Sum Cash Payments in Response to Coronavirus Budgetary and Distributio...

We present budgetary and distributional estimates for three potential versions of the lump-sum payment that President Trump announced earlier today. All three options increase the after-tax income of...

budgetmodel.wharton.upenn.edu
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Yardley Wealth Management’s Michael J. Garry will on “Your Money” with Kent Smetters. Tune in February 25th from 5:15 pm - 6:00 pm on SiriusXM Ch.132 to ask Michael your money questions! #YourMoney #invest #Economics @KentOnMoney @SXMBusiness
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Would #Medicareforall really improve health outcomes? What determines its impact on the #USEconomy? #PWBM analyzed the demographic and economic effects of @SenSanders Medicare for All Act of 2019. Interested in learning more? Read: whr.tn/36FXwNs @Wharton @USAFacts

Sanders Medicare for All | Penn Wharton Budget Model

Archived PWBM brief: Sanders Medicare for All

budgetmodel.wharton.upenn.edu
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Have you registered for #PWBM’s #MedicareForAll event happening tomorrow, January 22nd? Our faculty director @KentOnMoney will be one of the panelists. For more details click here: budgetmodel.wharton.upenn.ed… #healthcare
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