Economics and finance | Gerald R. Ford School of Public Policy
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Economics and finance

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State & Hill

Discourse: Ford School faculty in the news, spring 2022

May 31, 2022
“(Putin) has already violated every international treaty, including the U.N. charter, by invading. This has international implications, not just European implications. Now, the question of what we do and how we do it, with regards to sanctions or...
Headshots of Melvyn Levitsky, Brian Jacob, Natasha Pilkauskas, Katherine Michelmore, Justin Wolfers, and Barry Rae
State & Hill

Faculty findings, spring 2022

May 31, 2022
Economic and social impact of religious festivals In Mexico, “patron saint day” festivals are often local public holidays and involve substantial financial expenditures by households and governments. Festival dates vary greatly across localities:...
Photo, from above, of a patron saint festival in Mexico. A dense parade of people and brightly colored parade floats make their way down a local street.
In the Media

Wolfers says recession worries are overstated

May 12, 2022 ABC Australia
The inflation rate in April in the U.S. was 8.3%, slightly down from the previous month. As the Fed addresses the issue, there is worry that stringent measures could cause a recession. Speaking to ABC Australia, Ford School professor Justin Wolfers...
Justin Wolfers
In the Media

Leiser comments on state disinvestment in local government

May 9, 2022 Michigan Radio
Michigan Radio reports that disinvestment in Michigan's local governments has had a direct effect on the deterioration of basic infrastructure, especially water and sewage systems. Stephanie Leiser, who leads the Michigan Local Government Fiscal...
Headshot of Stephanie Leiser
News

Wolfers and Stevenson comment on jobs and inflation

May 6, 2022
Inflation has been as high as 8.5% in recent months, and despite other positive economic factors, CNN reports that President Joe Biden may be “close to the point of no return with Americans on the economy.” Ford School economics professor Justin...
Betsey Stevenson and Justin Wolfers
News

DNEP +ISLB internship begins May 4

May 4, 2022
A natural extension of the interdisciplinary Detroit Neighborhood Entrepreneurs Project, the DNEP +ISLB offers students an intensive hands-on experience working collaboratively with fellow students to run a multidisciplinary student staffing agency...
ISLB studio
In the Media

Wolfers notes ambiguity in current strength of the economy

Apr 29, 2022 Bloomberg
Bloomberg reports that the Covid-19 pandemic, now in its third year, has turned into a catalyst for lasting economic change, which will outlast the disease. Ford School economics professor Justin Wolfers notes that on the one hand the economy has...
Justin Wolfers
News

Michelmore appointed as NBER research associate

Apr 25, 2022
Ford School professor Katherine Michelmore has been named as one of 23 new research associates by the National Bureau of Economic Research (NBER). NBER is is a private, nonpartisan organization that facilitates cutting-edge investigation and...
Headshot of Katherine Michelmore
In the Media

Shaefer reflects on end of expanded Child Tax Credit

Apr 22, 2022 The Philadelphia Inquirer
The expanded Child Tax Credit was wildly successful in providing Americans relief. But, its abrupt end could reverse that, according to Luke Shaefer, inaugural director of Poverty Solutions. "This has been a success story for middle-class...
Luke Shaefer
In the Media

Wolfers weighs in on Biden's approval ratings

Apr 16, 2022 Los Angeles Times
Despite low unemployment and rising wages, inflation is causing President Biden to struggle with low approval ratings. Justin Wolfers, professor of public policy and economics, discussed how he would frame the economy to raise approval...
Photo of Justin Wolfers
In the Media

'Not a single indicator that a recession is coming' - Wolfers

Apr 13, 2022 Los Angeles Times
With inflation running high, yet unemployment low, President Biden's approval rating has sunk, signaling the economic anxiety of Americans. In light of this, Justin Wolfers, professor of public policy and economics, discussed the economy and...
Photo of Justin Wolfers
In the Media

HAIL program research discussed in Forbes

Apr 6, 2022 Forbes
Forbes magazine notes, "Simplicity Matters For Free College," citing a recent U-M Education Policy Initiative study, The Power of Certainty: Experimental Evidence on the Effective Design of Free Tuition Programs. "The simplicity of the message from...
Aerial of U-M central campus including Weill Hall
News

Stevenson and Wolfers discuss latest jobs report

Apr 4, 2022
The labor market is still booming, according to the latest jobs report. Justin Wolfers and Betsey Stevenson, both professors of public policy and economics, broke down what the jobs report means for Americans. "I do think it more likely that the...
Betsey Stevenson and Justin Wolfers
News

Stevenson discusses gender dynamics in the labor market

Mar 29, 2022
Men and women experience the labor market very differently. Betsey Stevenson, professor of public policy and economics, who studies those differences notes that women's roles as caregivers, and a lack of affordable childcare or paid leave, are major...
Betsey Stevenson
News

Senate testimony by Stevenson links labor supply and inflation

Mar 23, 2022
In testimony before the Senate Banking, Housing, and Urban Affairs Committee, Ford School economics and public policy professor Betsey Stevenson examined, "the link between the labor market, families, caregiving, and the risk of higher future...
Screenshot of the livestream of Betsey Stevenson testifying in-person before the U.S. Senate Committee on Banking, Housing, and Urban Affairs
In the Media

Oil price uncertainty a factor for the Fed - Stevenson

Mar 21, 2022 NPR Marketplace
The Federal Reserve walks a thin line while trying to stop inflation without stopping growth. Betsey Stevenson, professor of public policy and economics, discussed what they need to consider when deciding which policy levers to pull. “Are we...
Betsey Stevenson
In the Media

Levy discusses inflation effects on retirees

Mar 21, 2022 The Washington Post
As prices rise, retirees living on a fixed income are left anxious and worried. Helen Levy, research professor at the Institute for Social Research, discussed why pandemic policies, like expanding the Child Tax Credit and unemployment benefits,...
Helen Levy
News

Rabe talks carbon pricing on 'In Over My Head'

Mar 20, 2022 In Over My Head
Barry Rabe, J. Ira and Nicki Harris Family Professor of Public Policy, recently appeared on the podcast In Over My Head to discuss the intricacies of carbon pricing.  "The idea of carbon ... was developed principally in the discipline of...
Barry Rabe