About a week after former Vice President Joe Biden was elected to be the next president of the United States, the team behind the Penn Wharton Budget Model (PWBM) presented to the public its research on what the economy will be like under his administration.

PWBM, a nonpartisan, research-based initiative that conducts economic analysis of public policy’s fiscal impact, is led by Kent Smetters, a professor in the Department of Business Economics and Public Policy at The Wharton School. Back in September, the org released an analysis of each candidate, including their plans for immigration, tax, education, infrastructure and research and development, housing, Social Security, and healthcare.

The short-run economic outlook is closely tied with the coronavirus pandemic, said Senior Analyst John Ricco during a recent press briefing on the analysis. And some of the boosted economic activity we’re seeing today is because of the decreasing spread of the virus in the summer and things reopening, per Smetters.

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