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Economics and finance

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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...
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...
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...
News

Michelmore appointed as NBER research associate

Apr 25, 2022
Ford School professor Katherine Michelmore has been named as on 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 analysis...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
In the Media

Stevenson analyzes conflicting views of the economy

Mar 17, 2022 The New York Times
Republican governors across the country have been criticizing President Biden for his economic policies while touting their own. Betsey Stevenson, professor of public policy and economics, weighed in on the trend. “Basically it’s insane to say,...
In the Media

How we should think about the government's budget - Leiser

Mar 14, 2022 WXYZ
Many Americans use the analogy of a pie to think about the government budget. But, Sarah Leiser, lecturer of public policy and leader of the Michigan Local Government Fiscal Health Project at CLOSUP, says there's another way to think about...
News

Wolfers weighs in on war in Ukraine and inflation

Mar 14, 2022
Inflation continues to dominate headlines as Americans worry about rising prices everywhere from housing to the gas pump. Justin Wolfers, professor of public policy and economics, provided some insight into the state of the economy. "There’s no...
News

Stevenson describes Biden report, current labor market

Mar 8, 2022
A new report from the Biden administration highlights how employer practices, including collusion and constraints on competiton, are limiting workers' choices and wages. Betsey Stevenson, professor of public policy and economics, explained the cause...
In the Media

Wolfers warns against suspending the gas tax

Mar 6, 2022 The Economist
Gas prices have risen to record levels, and sanctions against Russia could force them higher. On Capitol Hill, suspending gas taxes has entered the conversation. But, Justin Wolfers, professor of public policy and economics, warns against...
In the Media

Stevenson gives update on the labor market

Mar 6, 2022 Bloomberg
Betsey Stevenson, professor of public policy and economics, recently appeared on Bloomberg's "Balance of Power" to discuss the latest jobs report.  "We saw a lot of jobs added and we saw employment grow. So, across the board, this is a really...
In the Media

Wolfers on job gains: Job market is "motoring"

Mar 4, 2022 MarketWatch
Ford School economics professor Justin Wolfers reacted to the strong March jobs report. “Very very strong payrolls report: +678k jobs in February, with unemployment edging down to 3.8%. Add in solid positive revisions that added a total of +92k...
In the Media

Stevenson discusses popularity of paid family leave

Mar 3, 2022 Marketplace
Across the country, paid family leave policies are gaining more and more support. Betsey Stevenson, professor of public policy and economics, discussed why. “In a tight labor market, you see employers become quite creative in trying to think...
News

Stevenson testifies on the need for more affordable childcare

Mar 2, 2022
Ford School economics professor Betsey Stevenson testified before the House Select Subcommittee on the Coronavirus Crisis, in a hearing  about "how the coronavirus pandemic has impacted the already struggling child care sector, and the resulting...