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Ford School Policy Talk: Hope for economic recovery tied to health success

May 22, 2020

The U.S. and global economy will only recover when major improvements in healthcare and the ability to combat the coronavirus take hold. The crisis has exacerbated inequality along racial, ethnic and economic lines. This recession is unlike any...

State & Hill

Discourse: Faculty in the news from the Spring 2020 issue of State & Hill

May 22, 2020

“The government needs to make sure the hardest-hit families have enough income to keep food on their tables...in a rapidly unfolding crisis, the type of aid that’s offered may matter at least as much as the quantity.” Betsey Stevenson and Justin...

Parsing the unemployment statistics, Stevenson finds reason for optimism even amidst a higher-than-reported rate

May 15, 2020

The rate of unemployment was recently recorded as 14.7%. Ford School economist Betsey Stevenson, who was Chief Economist of the U.S. Department of Labor 2010-2011, says the real rate is actually higher. In a tweet quoted in an article in Forbes May...

In the Media

Dominguez on the post-COVID economy

May 12, 2020 NPR Marketplace

Ford School professor of public policy and economics Kathryn Dominguez tells NPR's Marketplace that consumer goods consumption may well change in the post-COVID economy, making current measures of inflation less relevant. “There will be lots of...

Kathryn Dominguez speaks to prospective students at the Ford School's Spring Preview

Healthcare sector takes a hit amidst the broader economic downturn

May 1, 2020

The news released on April 30 that the U.S. economy had shrunk 4.8 percent in the first quarter of 2020 confirmed that the country is poised to experience a deep recession. The analyses of Ford School economists Betsey Stevenson and Justin Wolfers...

More Americans are unemployed than records show, says Stevenson

Apr 15, 2020

More than 17 million Americans have applied for unemployment insurance in the wake of mandatory business closures protecting against COVID-19. Betsey Stevenson, professor at the Ford School, predicts that the number of unemployed Americans is...

Ford School economists comment on Federal response to COVID-19

Mar 27, 2020

A historic $2 trillion relief package has just been approved by Congress in response to the COVID-19 pandemic, and subsequent economic crisis. Professors Betsey Stevenson and Justin Wolfers have weighed in on the relief package and the economic...

Government’s response is the economic indicator to watch, according to Betsey Stevenson

Mar 25, 2020

In uncertain times, forecasters across sectors are looking for indicators that can help them accurately predict what’s going to happen next. Economists are no exception: there are many indicators that the economy is in dire straits due to the...

Michael S. Barr encourages the Federal Reserve to reform money-market funds

Mar 24, 2020

With the economy reeling from the effects of the COVID-19 crisis, the Federal Reserve has taken steps to shore up money-market funds, securing billions to lend as part of a broader effort to try and stabilize the markets. Ford School Dean Michael S....

Ford School economists: Immediate action can mitigate the economic impact of COVID-19

Mar 20, 2020

The COVID-19 pandemic is impacting the U.S. economy in unprecedented ways. This week, Ford School economic experts including Ford School dean Michael S. Barr, and professors Betsey Stevenson and Justin Wolfers weigh in on what’s ahead in The New...

Women outnumbering men in the workforce is an irreversible trend, says Stevenson

Jan 17, 2020

The Department of Labor released its employment situation summary report last week, which revealed that women make up more than half of U.S. payroll, for only the second time in history. Betsey Stevenson, professor at the Ford School, analyzed the...

Ford School faculty well represented at annual Awards Dinner

Oct 30, 2019

Five Ford School faculty are among the thirty-six University of Michigan faculty members who will be honored on October 30 at the annual Faculty Awards Dinner, which recognizes notable contributions in the areas of teaching, service and...

Michael S. Barr, Betsey Stevenson, Susan Dynarski, and Paul Courant posed for a group photo

Macmillan Learning announces publication date for new Stevenson, Wolfers economics textbooks

Oct 18, 2019

On October 17, 2019 Macmillan Learning announced two textbooks written by acclaimed Ford School economists Betsey Stevenson and Justin Wolfers will be available for the Fall 2020 semester. The new texts, Principles of Microeconomics and...

News

Transformational research leading to evidence-based policymaking: fall 2019 faculty news

Sep 3, 2019

With so many wonderful faculty returning, and several new faces joining the Ford School, the stage is set for a great academic year. Our excellent leadership team remains in place: Paula Lantz is the associate dean for academic affairs, Elisabeth...

Stevenson debunks five myths about the Fed in Washington Post

Aug 9, 2019

Ford School Professor Betsey Stevenson tackled misconceptions about the Federal Reserve in a “Five myths” Washington Post column, published August 2, titled “Five myths about the Federal Reserve.” In the wake of the Federal Reserve’s recent...

Ford School faculty promotions approved by Regents

May 17, 2019

On Thursday May 16, 2019, the University of Michigan Board of Regents approved the promotions of Betsey Stevenson, H. Luke Shaefer, and Sarah A. Burgard. Betsey Stevenson was promoted to professor of public policy and professor of economics, College...

Stevenson comments on farmworkers exclusion in labor statistics on Marketplace

May 3, 2019

Farm work was the heart of the American economy at one point, but the growth of cities and booming industrial revolution sent many flocking to cities, and farmworkers have been dwindling ever since. One stark illustration of this fall can be seen...

Former Ford School Dean Ned Gramlich's Federal Reserve Board oral history shared

Apr 22, 2019

The Gerald R. Ford School has long served at the forefront of a nexus of policy debates in the effort to raise the next generation of policymakers. Synonymous with the Ford School’s distinguished history is the late Edward “Ned” Gramlich—longtime...

Photo of Ned Gramlich seated at his desk on campus

State & Hill

Catch up on Ford School faculty news - Winter 2019 State & Hill

Apr 17, 2019

In August, John Z. Ayanian published a policy–focused article with colleagues in the New England Journal of Medicine titled “ Mitigating the risks of Medicaid work requirements.” Michael S. Barr teamed up with Howell E. Jackson and Margaret E....

Stevenson summarizes the boom-bust cycle, likelihood of next recession

Mar 29, 2019

While the economy experiences one of the longest period of sustained growth, many Americans are already concerned about the likelihood of the next recession. For many, the wounds of the Great Recession are only now beginning to heal and the thought...

Stevenson testifies for the U.S. Senate Committee on Small Business and Entrepreneurship

Mar 19, 2019

On March 6, 2019, Professor Betsey Stevenson testified in front of the U.S. Senate Committee on Small Business and Entrepreneurship, addressing critical issues facing the modern American worker. After initial remarks by Chairman Marco Rubio and...

10% Happier: Stevenson and Wolfers talk wealth inequality and redistribution on NewsHour

Mar 1, 2019

More money makes you happier...right? Professors Justin Wolfers and Betsey Stevenson say that’s accurate, to a point. “It’s a truism, but it’s false,” states Wolfers plainly on a February 28, 2019, segment from PBS’s NewsHour. “Rich people are...

Crying recession: Ford professor Betsey Stevenson urges people to look holistically

Jan 28, 2019

Recent economic conversations have attempted to forecast the widely-anticipated next recession, but when are these commentators correct, and when are they crying wolf? Politico Money's Ben White sat down with Professor Betsey Stevenson to dissect...

Ford Professor Betsey Stevenson casts doubt on middle-class gains from federal tax cuts

Jan 11, 2019

In the January 10, 2019 PBS NewsHour story “Evaluating Trump’s economic policies, 2 years in,” Paul Solman asked Ford School Professor, and former member of the Council of Economic Advisors (CEA) for the Obama Administration, Betsey Stevenson about...

News

Bloomberg cites Catherine Hausman - oil executive pay disproportionate to oil price

Sep 21, 2018

In “How Oil Bosses Make Their Own Luck,” Bloomberg Opinion columnist Liam Denning reports that oil executive compensation continues to skyrocket in a disparate relation to oil prices. Instead of pay reflecting fluctuations in price, oil executives...

Planet Money podcast on banking "stress tests" features Michael Barr

Jul 3, 2018

Dean Michael Barr is featured on a recent episode of The Indicator, a podcast from NPR's Planet Money. The episode, titled "Dungeons & Dragons & Balance Sheets," explored the origins, results, and future of annual "stress tests" for mid-sized to...

Stevenson on representation of men and women in economic textbooks

May 31, 2018

As part of the American Economic Association’s papers and proceedings from May 2018 Betsey Stevenson and Hanna Zlotnick reports on “Representations of Men and Women in Introductory Economics Textbooks.”Abstract: This paper examines the frequency and...

Stevenson, Owen in WSJ: “Yellen leaves the Fed--and a glass ceiling shattered”

Feb 8, 2018

A recent Wall Street Journal story by Nick Timiraos, “Janet Yellen leaves the Fed--and a glass ceiling shattered,” focuses on Yellen’s recent departure from the Fed as “an example of the challenges even the most successful women still face,”...

Publication

Econ textbook study by Stevenson, Zlotnick highlights gender bias against women

Jan 19, 2018

New research conducted by Associate Professor of Public Policy Betsey Stevenson and Hanna Zlotnick (MPP ‘19) is highlighted in The Economist’s “How gender is (mis)represented in economics textbooks” and Inside Higher Ed’s “Gender Bias, by the...

State & Hill

Barr introduces fall 2017 S&H: The role of the university as "society's servant and critic"

Dec 30, 2017

I'm Michael Barr, and I'm pleased to introduce myself as the Joan and Sanford Weill Dean of the Ford School. While I'm new as dean, I've been working collaboratively with Ford School faculty members for 20 years now. And two decades in, I'm still...