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economics

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News

Stevenson named to the National Academy of Social Insurance

Jan 12, 2022
Recognizing her outstanding contributions to social insurance and related policy areas, the National Academy of Social Insurance (NASI) has approved the election of Betsey Stevenson, professor of public policy and economics, to the Academy. She is...
In the Media

Stevenson discusses job report calculations

Jan 10, 2022 CNBC
Recent government job reports have consistently undercounted the number of jobs created. Revisions are made regularly pushing those numbers up. Betsey Stevenson, professor of public policy and economics, explained how she estimates total jobs...
In the Media

Josh Hausman explains how COVID has broken the economy

Dec 10, 2021 The Atlantic
With his opinion article in The Atlantic, Josh Hausman, associate professor of public policy and economics, suggests high inflation rates may last for years. He describes the reasons behind inflation—including a consumer shift from services to...
News

Wolfers provides analysis on jobs, inflation

Dec 5, 2021
As the omicron variant spreads, the impact it will have on the fragile economic recovery remains uncertain. Justin Wolfers, professor of public policy and economics, talked to numerous media outlets about economic recovery, the jobs report, and...
News

Stevenson fields questions regarding supply chain, labor market

Dec 5, 2021
With holiday shopping upon us, the supply chain has been experiencing even more difficulties. But, Betsey Stevenson, professor of public policy and economics, say that the issues should be worked out soon. "It's definitely getting a lot better....
In the Media

Build Back Better will increase inflation - Leahy

Nov 28, 2021 PolitiFact
As a debate over the impact of President Joe Biden's Build Back Better bill continues, John Leahy, professor of public policy and economics, discussed the economics of the bill. "Inflation is the result of too much demand chasing too little...
News

John Leahy elected as an Econometric Society Fellow

Oct 5, 2021
This fall, John Leahy was elected as one of 51 new fellows to the Econometric Society, an international society for the advancement of economic theory and its relationship to statistics and mathematics. Leahy was nominated by his peers, and is only...
In the Media

Psaki mentions Wolfers in press briefing

Sep 29, 2021 The White House
In a recent press briefing, White House Press Secretary Jen Psaki quoted Justin Wolfers, in regards to the Biden administration's recent vaccine and testing mandate for companies. "Viewing Biden’s vaccine mandate as simply economic policy, it’s...
In the Media

Baer considers long-term challenges for downtown businesses

Sep 14, 2021 AP News
According to Christie Baer, assistant executive director for the University of Michigan's Center on Finance, Law and Policy, downtown businesses face a big decision as the pandemic continues. "Businesses that thought that they just had to weather...
In the Media

More older workers exiting the labor market, says Stevenson

Aug 10, 2021 Bloomberg
The U.S. labor force continues to evolve as the economy recovers from the COVID-19 pandemic. Betsey Stevenson, professor of public policy and economics, explained how and why it has transformed in a recent Bloomberg interview. "We saw labor force...
In the Media

Stevenson insists not to be afraid of inflation

Jul 29, 2021 Marketplace
With inflation running higher than it ever has in a decade, some Americans are worried about the effects it could have on the economy. But Betsey Stevenson, professor of public policy and economics, says not to worry. "People think that inflation...
In the Media

Stevenson tackles history of tax cuts

Jun 28, 2021 Rear Vision
The ongoing American debate about tax cuts for the rich has been raging since the 1980's. Betsey Stevenson, professor of public policy and economics, explained where the idea of supply-side, or "trickle-down" economics originated. "This was an...
News

Stevenson considers how COVID-19 pandemic has changed daily lives

Jun 21, 2021
With COVID-19 restrictions being lifted across the country, what does the "other side" of the pandemic look like? Many realize that everything will not revert to pre-pandemic "normal." Betsey Stevenson, professor of public policy and economics, has...
In the Media

Wolfers analyzes Bitcoin drop

Jun 9, 2021 CryptoBrowser
After falling 10 percent in just 24 hours, a Bitcoin frenzy is underway. Justin Wolfers, professor of public policy and economics, explained how the government's increasing involvement in cryptocurrency affected the market. “News that the...
In the Media

Stevenson's insight on the "shecession" highlighted

Dec 10, 2020 PBS NewsHour
"We lost jobs in retail, and leisure and hospitality, and health care services. And those are all jobs where women hold the majority of the jobs, and they actually got the majority of the layoffs," Stevenson says. "I think it's amplifying the...
News

Michigan Votes - Ford School faculty experts available

Oct 29, 2020
Contact: Daniel Rivkin, rivkind@umich.edu, +1-917-817-6323 Michigan Votes! ANN ARBOR — Experts at the Gerald R. Ford School of Public Policy at the University of Michigan are available to discuss the election process and results in Michigan...
In the Media

Stevenson: Women's employment has fallen off a pandemic cliff

Sep 15, 2020 NPR Here and Now
“We had what you might even call a gendered shutdown. The kinds of industries that had to send people home, that shut down, disproportionately employed women," said Stevenson. "How long it takes women to recover is going to depend on the [childcare]...
News

Stevenson and Wolfers: "Think Like an Economist"

Aug 21, 2020
Betsey Stevenson and Justin Wolfers have launched a new podcast, called "Think Like an Economist." In a series of tweets on August 19, @JustinWolfers explained:   We’re calling it Think Like an Economist because we want to teach you to,...
News

Did the U.S. economy shrink by 32.9 percent?

Aug 4, 2020
The devastating GDP numbers announced at the end of July—a decline of 9-and-a-half percent—are the worst in American history, according to Ford School economics professor Justin Wolfers. The way the numbers are reported, that at an annualized rate...

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...
News

Joint-PhD Paul Atwell receives first Peter Eckstein Prize

May 2, 2019
Paul Atwell, a joint-PhD student in public policy and political science, along with his microeconomist co-authors Alex Armand and Joseph Gomes from the University of Navarra in Spain, are the inaugural winners of the Peter Eckstein Prize for...