
This episode discusses the Wharton budget model, its origins, and its purpose in legislative analysis. Key topics include the need for early budget analysis and its impact on legislation.
The conversation begins with the history of the Wharton budget model, which started seven years ago. The model was developed in response to requests from members of Congress who wanted budget analysis during the legislative drafting process.
Guests discuss how this early analysis helps legislators understand the potential effects on the budget, economy, and people before finalizing legislation. This proactive approach aims to protect their reputations and ensure informed decision-making.
The episode covers the Wharton budget model's origins and its role in early legislative analysis.

They wanted analysis at the very beginning.Why Did the Penn Wharton Budget Model Start? with Wharton Prof. Kent Smetters
What’s the effect on the budget?Why Did the Penn Wharton Budget Model Start? with Wharton Prof. Kent Smetters
What’s the effect on the economy?Why Did the Penn Wharton Budget Model Start? with Wharton Prof. Kent Smetters
What’s the effect on people?Why Did the Penn Wharton Budget Model Start? with Wharton Prof. Kent Smetters