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

DNEP tech worker training saluted in Detroit Free Press

May 26, 2023 Detroit Free Press
Detroit Free Press: A unique free program that pairs college students and professionals with Detroit small business owners in need of digital and other skills is getting results. Since the start of the Community Tech Workers program, 135 micro...
U-M students meet with a DNEP client
In the Media

Wolfers comments on government-inspired threats to "woke" business

May 25, 2023 MSNBC
Justin Wolfers, MSNBC: What do companies want to do? They want to sell stuff. And if you make things with rainbow flags, they'll be happy to sell it. We do have groups all the time that protest by boycotting and that's their democratic right to do....
Justin Wolfers
In the Media

Wolfers: U.S. default would be "self-inflicted shock"

May 23, 2023 NPR All Things Considered
Justin Wolfers, NPR All Things Considered: "Just like your family has to live within a budget, you might say you want Congress to live within a budget, but defaulting on the debt does not reduce our spending. It just means we stiff our creditors. So...
Justin Wolfers
State & Hill

Discourse: Fordies in the news, spring 2023

May 3, 2023
"The Republicans are just in a really difficult situation, because their margin is so small and this bloc is so determined. They want to be able to stymie things if things are not going their way. This is an effort to wield as much power as they can...
Spring 2023 State & Hill Discourse image
State & Hill

Betsey Stevenson: Thinking like an economist

May 3, 2023
Betsey Stevenson uses the tools of her trade to empower people and improve lives By Daniel Rivkin An early March ice storm in Michigan caused widespread power outages and disruptions for hundreds of thousands of households. Families had to...
Betsey Stevenson
News

U-M Professor Amanda Kowalski Receives Econometrics Award

Apr 27, 2023
Health economist Amanda Kowalski, a professor of economics and public policy at the University of Michigan and a faculty associate of the Population Studies Center and the Survey Research Center at the Institute for Social Research, received the...
Photo of Amanda Kowalski
In the Media

Wolfers: Debt-limit failure has unknown

Apr 24, 2023 ABC Australia
Justin Wolfers, ABC Australia: If a deal isn't reached, a lot of people on Wall Street are warning of very severe circumstances, a financial crisis, which would trigger a recession, which would lead to widespread joblessness. I want to be more...
Photo of Justin Wolfers
In the Media

Wolfers on "rational" tax refunds

Apr 18, 2023 Axios
Justin Wolfers, Axios: "People find value in using their tax refunds as a forced saving device," economist Justin Wolfers wrote Axios in an email. "If the money were readily available, they might spend it. This way they can get a big check from the...
Photo of Justin Wolfers
News

Ford School hosts alum, Korean governor Kim Dong Yeon

Apr 13, 2023
The Ford School hosted Kim Dong Yeon (MPP ‘91, PhD ‘93),  governor of the Gyeonggi province — the largest province in South Korea. His visit to Ann Arbor included signing a Memorandum of Understanding with the University that will send South Korean...
governor-kim-watkins-hayes-1090x628
News

Stevenson discusses BLS jobs report, inflation

Apr 12, 2023
Last week, the Bureau of Labor Statistics released their monthly jobs report. Betsey Stevenson lent her expertise to numerous media outlets to break down what she saw. "This report is just about as good as it can be. It's slowing slightly, and...
Betsey Stevenson
In the Media

CHIPS Act needs to support childcare - Stevenson

Apr 12, 2023 CNN
Betsey Stevenson, CNN: "The policy is designed to make sure workers as well as companies benefit from this federal investment.  Another way to think about it is that we really need government involved in child...
Betsey Stevenson
In the Media

Stevenson breaks down job growth across different sectors

Apr 4, 2023 CNBC
Betsey Stevenson, CNBC: "What we've been seeing is a massive reallocation of workers. First, we expanded how much stuff we were buying, so the goods sector just did remarkably well early on in the pandemic. And it was the service sector that got...
Betsey Stevenson
In the Media

Cooney on Detroit guaranteed income proposal

Apr 4, 2023 WDET
Patrick Cooney, WDET: "It’s no surprise that when people get cash material hardship drops. But the fact that material hardship was so high in the first place in the richest country on Earth…that is a big...
Pat Cooney headshot
In the Media

Hall calls out false image of lobbying

Mar 31, 2023 The Detroit News
Richard Hall, The Detroit News: The caricature of lobbying as legal bribery can be misguided, though, said Richard Hall, a political science professor at the University of Michigan. An overwhelming majority of lobbying is done with allies. "It's not...
Rick Hall
In the Media

Foreign Affairs asks Wolfers, "Are we headed toward recession?"

Mar 30, 2023 Foreign Affairs
Justin Wolfers, Foreign Affairs: "The economy definitely could fall into recession—there is always a risk—but it is worth remembering that it is never a certainty. The only time horizon over which economists have a good record in predicting...
Justin Wolfers
In the Media

Leiser makes case for Financial Data Transparency Act

Mar 28, 2023 Accounting Today
Stephanie Leiser, Accounting Today: "There's an enormous amount of municipal government financial data locked up in PDF documents. Unlocking that data has the potential to radically improve transparency and dramatically enhance our ability to...
Headshot of Stephanie Leiser
In the Media

Stevenson stresses importance of childcare to construction industry

Mar 25, 2023 States News Service
Betsey Stevenson, States News Service: "I think that the important takeaway is that women can be an important source of labor for the construction industry. While child care is important for women, it is equally important to note that construction...
Betsey Stevenson
In the Media

Wolfers: Silicon Valley Bank run shows need for regulation

Mar 24, 2023 Fast Politics
Justin Wolfers, Fast Politics: "Because of a much broader and much harder truth, which is that even if you're the most fervent believer in market forces, well-run markets require regulation. And nowhere is that more clearly the case than when...
Photo of Justin Wolfers
In the Media

CLOSUP partnership with XBRL US, City of Flint highlighted

Mar 23, 2023 The Bond Buyer
CLOSUP, The Bond Buyer: "Flint is also at the forefront of the development of XBRL for financial reporting. Flint participated in a pilot project with the University of Michigan's Center for Local, State, and Urban Policy at the school's Ford School...
Weill Hall entrance with "Gerald R. Ford School of Public Policy" etched into the glass
In the Media

Stevenson analyzes Fed messaging

Mar 21, 2023 Bloomberg
Betsey Stevenson, Bloomberg: "I think sticking with 25 basis points is hopefully going to be sending the signal that they (the Federal Reserve) really do believe that the situation is stabilizing. That they don't need to veer from their planned...
Betsey Stevenson
In the Media

Stevenson calls for reinstatement of pre-2018 banking regulations

Mar 21, 2023 ABC Australia
Betsey Stevenson, ABC Australia: "We had [Dodd Frank] regulations put in certain stress tests that banks needed to meet certain liquidity requirements, certain capitalization requirements, and those were for anybody with anything that's over $US50...
Stevensom SRM Subcommittee Hearing Teaser Display