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News

Stevenson comments on lagging summer job creation lags, effect of expanded earned income tax credit

Jul 1, 2020

Ford School economics professor Betsey Stevenson was featured on NPR’s Marketplace, which noted that, “Summer has arrived; lots of summer jobs have not.” This year is going to be tough on people who work in travel, tourism and restaurants, which...

News

Federal Reserve stress test results “backward-looking” - Barr

Jun 30, 2020

The Federal Reserve undertook its annual stress tests for the 34 largest US banks on Thursday, June 25, and determined to require big banks to suspend share repurchases during the third quarter and limit dividend distributions to the levels banks...

News

Future presidential climate change actions are limited, Rabe argues

Jun 25, 2020

In a FixGov blog for the Brookings Institution, Ford School professor Barry Rabe argues that environmental policy has been shaped for too long by executive order and administrative powers rather than more enduring legislation. "So should the 46th...

Stevenson and Wolfers explain COVID-19 economic and financial turmoil

Jun 12, 2020

Last week’s surprising employment report, stock market recovery and loss, a statement from the Fed chair and a search for context marked the week ending June 12. Ford School economists Betsey Stevenson and Justin Wolfers were called upon by the...

News

To promote voting safely during COVID, Ford School lecturer and former GOP Congressman Joe Schwarz teams up with Michigan Secretary of State Jocelyn Benson

Jun 12, 2020

Access to the ballot is an increasingly fraught issue, with President Trump warning of massive fraud in absentee voting, voters worried about the risk of COVID-19 infection at polling stations, and recent mishaps with primaries in Georgia and...

Was the drop in unemployment predictable? It depends who you ask...

Jun 5, 2020

An article in Vox.com on June 5, reacting to the surprising drop in the unemplyment rate, quoted Ford School economists Betsey Stevenson and Justin Wolfers : "Betsey Stevenson, the former chief economist at the US Department of Labor and a...

Stevenson says “pandemic could scar a generation of working mothers”

Jun 3, 2020

An article in The New York Times June 3, noted that as the pandemic upends work and home life, women have carried an outsized share of the burden, are more likely to lose a job and more likely to shoulder the load of closed schools and day care....

Business can balance PPP loan forgiveness and worker benefits

May 29, 2020

Ford School public policy and economics professor Betsey Stevenson sees a way for business owners who got a forgivable federal loan to avoid the choice between getting a loan discharged or allowing workers to collect enhanced unemployment...

State & Hill

Spotlights – Spring 2020 State & Hill

May 22, 2020

All hands on deck Ford School faculty and research centers have been actively involved with the policy response to the COVID-19 pandemic. Luke Shaefer is advising the state on how to reduce the impact on low-income families. Michael Barr, Betsey...

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...

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...

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...

Wolfers puts public health at the center of economic recovery

May 15, 2020

The current method for calculating Gross Domestic Product is missing “the immense value of the sacrifices being made by millions of people who have stayed at home to stop the spread of the coronavirus,” Ford School economics professor Justin Wolfers...

Trump’s focus on economic recovery a risky political calculation for election, says Hanson

May 12, 2020

President Donald Trump’s reelection campaign would be taking a risk by focusing on what was once his hallmark issue: a booming economy. In a recent BBC Brasil article, Ford School professor Jonathan Hanson evaluated the changing political climate...

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...

News

Detroit Metro Area Communities Study on COVID-19 draws national attention

Apr 28, 2020

A rapid-response Detroit Metro Area Communities Study (DMACS) survey found that 1 in 5 Detroiters will run out of money due to the COVID-19 crisis within the next three months. The DMACS survey asked wide-ranging questions from economic, social,...

Wolfers challenges U.S. business who seek immunity from coronavirus lawsuits

Apr 27, 2020

In a recent article published in Quartz, “U.S. businesses are seeking immunity from coronavirus lawsuits,” Ford School professor, Justin Wolfers, pushes back on calls by U.S. businesses for COVID-19 related immunity from liability. As some states...

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...

In times of crisis, electricity usage data can estimate economic damage, says Wolfers

Apr 10, 2020

With economic activity changing faster than standard statistical measures can keep up, economists are looking at other indicators to take the economy’s pulse. Justin Wolfers, professor at the Ford School, analyzed electricity usage to understand the...

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...

News

Ambassador Susan Rice shares leadership, career lessons with students

Jan 30, 2020

Following her public event at the Ford School this past Monday, Martin Luther King Jr. Day, Ambassador Susan Rice sat down with 20 Ford School students to discuss her career and leadership experiences working for the U.S. government. Students from...

Ambassador Susan Rice with a Ford School student

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...

Bentley Historical Library and Ford School celebrate U.S. Rep. Sander Levin

Oct 17, 2019

This year, former Congressman Sander Levin donated over 700 boxes of documents to University of Michigan’s Bentley Historical Library. On October 14, the Ford School co-hosted a celebration of Sander Levin’s contribution and his years of public...

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...