The Economic Cost of Conflict with Iran
Penn Wharton Budget Model Director breaks down the budgetary impact, oil price shock, GDP loss, and Federal Reserve implications of escalating tensions with Iran.
This Week in Business · Wharton Podcast Network
March 11, 202610m 17s
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Show Notes
Kent Smetters, Faculty Director of the Penn Wharton Budget Model and Professor of Business Economics and Public Policy at the Wharton School, breaks down the projected budgetary costs of conflict with Iran, estimates potential GDP losses driven by higher oil prices, and explains how supply shocks could influence inflation and Federal Reserve decision-making.
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