Penn Wharton Budget Model provides nonpartisan, research-based estimates and analysis on the fiscal impact of public policy.

PWBM is a nonpartisan, research-based initiative that provides accurate, accessible and transparent economic analysis of public policy’s fiscal impact. Using the project’s research briefs and interactive budget tools enables analysis of legislation while it is drafted.

Penn Wharton Budget Model combines structural and reduced-form economic modeling with big data, cloud computing, and visualization tools.

The Penn Wharton Budget Model (PWBM) is a research-based initiative that provides accurate and transparent economic analysis of public policy using innovative micro- and macroeconomic modeling. PWBM is non-partisan and does not make policy recommendations.

May 5, 2021 - PWBM is a nonpartisan, research-based initiative that provides accurate, accessible and transparent economic analysis of public policy’s fiscal impact. Using the project’s research briefs and interactive budget tools enables analysis of legislation while it is drafted.

Provides budgetary projections and economic analysis of major U.S. legislation without advocacy. | PWBM provides fiscal budget projections and economic analysis of major U.S. legislation without advocacy.

February 26, 2025 - Model uncertainty: The model is subject to uncertainty, which can arise from a variety of sources, including parameter uncertainty, model specification uncertainty, and data uncertainty. Policy interactions: The model takes into account the interactions between different policy interventions, but it may not capture all of the potential interactions between policies. ... The Penn Wharton Budget Model is a dynamic, microsimulation model that combines advanced econometric techniques with detailed data on the US economy and population to estimate the economic and fiscal impacts of different policy proposals.

March 13, 2026 - The Penn Wharton Budget Model (PWBM) is a nonpartisan, research-based initiative designed to provide accurate and transparent economic analysis of fiscal policy—without advocating for specific political outcomes.

PWBM is a nonpartisan, research-based initiative that provides accurate, accessible and transparent economic analysis of public policy's fiscal impact. Using the project's research briefs and interactive budget tools enables analysis of legislation ...

April 10, 2023 - And that’s especially true of the self-appointed budget scorekeepers. ... One of the most influential players in this space can be found just up I-95 from Washington, in America’s original capital city of Philadelphia. There sits the Penn Wharton Budget Model (PWBM), a project of the University of Pennsylvania’s Wharton School.

The Penn Wharton Budget Model analyzed the health and economic effects of states both partially and fully reopening schools, businesses and restaurants.

The Penn Wharton Budget Model uses data to analyze legislation through a non-partisan lens. ... We asked six Wharton professors to cut through the media (and social media) hype and partisan posturing to forecast the long-term impacts of the COVID-19 pandemic on their areas of expertise (including one sector that, despite some gloomy predictions, may prove to be immune to the coronavirus).

October 2, 2024 - The Penn Wharton Budget Model — ... presidential debates — provided insight into its process for creating the policy briefs analyzing candidates' economic proposals ahead of the 2024 election....

Starting with survey micro-data, the Microsim builds an initial simulated population and economy, including demographic information, individual decisions about work and residency, and macroeconomic characteristics such as total employment and output.

June 26, 2026 - A new Penn Wharton Budget Model analysis suggests that the United States may be approaching the limits of how much federal debt the economy can sustainably support, raising concerns about the long-term consequences for future generations.

May 14, 2021 - The AFP is a $1.8 trillion proposal focusing on federal investment in childcare, education, and healthcare. The proposal includes new taxes on high-income households and provisions to expand the IRS’s power and resources to enforce taxation.

June 7, 2024 - The Penn Wharton Budget Model allows users to simulate the economic impact of national budget policies online and for free.

October 12, 2023 - Penn Wharton assumes that for every new dollar borrowed in the U.S., 60 cents must come from U.S. savers, or S, and only 40 cents can come from (IM – X). In contrast, in the Tax Foundation model, there is no such restriction.