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

Stevenson explains tech layoffs

Jan 27, 2023 Yahoo! News
Betsey Stevenson, Yahoo! News: "They hired for magical thinking. So what they're having to do right now is readjust for reality. As you've already shown, the layoffs we're seeing here are small compared to not just the hiring they did during 2020...
Betsey Stevenson
In the Media

Stevenson breaks down new GDP numbers

Jan 26, 2023 MSNBC
Betsey Stevenson, MSNBC: "I think what we have learned is that when we give families and people enough money, to mean that we don't have a bunch of people who are at risk of eviction, losing their house, not putting food on the table, it gives them...
Betsey Stevenson
In the Media

Hall analyzes Michigan campaign funding

Jan 24, 2023 MLive
Richard Hall, MLive: "You go where the money is, right? The fact that a candidate might be raising a relatively small share of his campaign contributions from in-district means something different if he comes from a relatively low-income...
Rick Hall
In the Media

Stevenson links technological advancement to income inequality

Jan 20, 2023 The Economist
Betsey Stevenson, The Economist: "I think that's a fair assessment, and I think the question is, why? And that's where the complications come in. Some of that is from what economists call skill-biased technological change. So we've seen the wages of...
Betsey Stevenson
In the Media

Wolfers explains the debt ceiling

Jan 19, 2023 One News Page
Justin Wolfers, One News Page: "The person who raises your credit card limit is the credit card company. It's the lender. Speaker McCarthy is part of the government. The government is the borrower. The only choice the borrower makes, and we all face...
Justin Wolfers
In the Media

Wolfers discusses inflation and interest rates

Jan 19, 2023 WDET 101.9
Justin Wolfers, WDET 101.9: "Inflation was distressing. Right now, it may still be a little distressing. The future looks like it's going to be a whole lot less distressing.  The Fed's worried because inflation still is above its target level. It...
Photo of Justin Wolfers
In the Media

Page discusses Yellen's African tour

Jan 18, 2023 Africa News
Susan Page, Africa News: "I think the main objective [of the trip] will be to position themselves in relation to China, which is a shame because African countries want to be considered for what they are, not as a battleground between great...
Susan Page
News

Ciorciari analyzes Pakistan's economic crisis

Jan 17, 2023
Pakistan is facing a multidimensional crisis. Its economy is teetering on collapse due to a possible political crisis, the rupee plummeting and inflation at decades-high levels, devastating floods, and a significant shortage of energy. Offering...
Photo of John Ciorciari asking a question of a guest speaker
In the Media

Dominguez breaks down how exchange rates impact inflation

Jan 13, 2023 BBC
Kathryn Dominguez, BBC: "We saw this really dramatic appreciation of the dollar when the US was really moving most forcefully against inflation earlier in 2022. As exchange rates stabilize, that kind of moving of inflation from one country to...
Kathryn Dominguez speaks to prospective students at the Ford School's Spring Preview
In the Media

Stevenson breaks down latest CPI report

Jan 12, 2023 Washington Post
Betsey Stevenson, Washington Post: "What we saw in the inflation data is that what [the Fed] is doing is working. And so far, it hasn’t slowed the economy so much that we’ve seen net losses in jobs. We’ve seen some corrections in the labor market....
Betsey Stevenson
In the Media

Childcare is a societal issue - Stevenson

Jan 10, 2023 Care for Business
Betsey Stevenson, Care for Business: "It drives me crazy when I hear people describe (childcare) as a personal problem. It’s so many uniquely American, right? ... The inflation we’re facing right now has nothing to do with money, and has everything...
Betsey Stevenson
In the Media

Stevenson breaks down last jobs report of 2022 on Bloomberg

Jan 6, 2023 Bloomberg
Betsey Stevenson, Bloomberg: "It's a very strong jobs report. What we saw was ongoing job growth. 2021 was the strongest year of job growth we've ever had, and 2022 came in there as the second. We did see some slowdown as the year continued but even...
Betsey Stevenson
In the Media

Stevenson discusses how central banks see wage increases

Jan 3, 2023 CNN
Betsey Stevenson, CNN: "I think what you're hearing is central banks want to make sure that we're not seeing wage increases drive further inflation because then your wage increases aren't going to do you any good—it's just going to be used to pay...
Betsey Stevenson
In the Media

Stevenson looks ahead at interest rates and inflation

Dec 28, 2022 CNBC
Betsey Stevenson, CNBC: "I think it’s important to realize that the Fed sees themselves as having two tools right now to bring inflation down. One is bringing rates high, and then the other is keeping them high for longer. And I think one thing...
Betsey Stevenson
In the Media

Stevenson analyzes gender gap in retirement savings

Dec 27, 2022 NPR Marketplace
Betsey Stevenson, NPR Marketplace: Saving for retirement is harder for women because they generally earn less over their lifetimes, said Betsey Stevenson, an economist at the University of Michigan. “For a large number of reasons,” she...
Betsey Stevenson
In the Media

Leiser applauds Financial Data Transparency Act

Dec 26, 2022 XBRL US
Stephanie Leiser, XBRL US: "Making government financial data open and accessible to all is the right thing to do, and it is long overdue. Financial transparency is absolutely essential to maintaining trust between governments and the public. Equally...
Headshot of Stephanie Leiser
In the Media

Wolfers provides 2023 economic forecast

Dec 21, 2022 In the Bubble
Justin Wolfers, In the Bubble: "(Inflation’s) almost certainly peaked. That’s the mainstream view among both Wall Street and academic economists right now. The Fed’s own forecasts show that it expects inflation to fall relatively dramatically over...
Photo of Justin Wolfers
In the Media

Dominguez discusses the impact of Japan's increasing interest rates

Dec 21, 2022 Marketplace
Kathryn Dominguez, NPR Marketplace: Higher interest rates can also help Japan combat inflation more generally. And that could help other countries too, said Kathryn Dominguez, an economics professor at the University of Michigan. "If all...
Kathryn Dominguez speaks to prospective students at the Ford School's Spring Preview
Publication

New law on data transparency will improve governance - Leiser

Dec 20, 2022
Increasing transparency in how local government works got a boost when the U.S. Congress passed the Financial Data Transparency Act (FDTA) on December 15, 2022. The act requires the Securities and Exchange Commission to adopt data standards related...
U.S. capitol
In the Media

Stevenson considers further Fed action on inflation

Dec 12, 2022 DBusiness
Betsey Stevenson, DBusiness: "We thought we’d see inflation start to come down, and instead what we’ve seen is inflation really sort of entrenched. If there’s no real progress, then that says, does the Fed need to take stronger action? And if the...
Betsey Stevenson
In the Media

Stevenson breaks down tech layoffs

Dec 12, 2022 NPR Consider This
Betsey Stevenson, NPR Consider This: "I do not think it's indicative of a sector that's struggling. I think it's indicative of a sector that had gangbuster growth over the last couple years and maybe got a bit ahead of its skis thinking that that...
Betsey Stevenson