Economics and finance | Gerald R. Ford School of Public Policy
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Wolfers challenges us to reimagine the social contract

Nov 30, 2022
Justin Wolfers, professor of public policy and economics, recently sat down with the International Monetary Fund, arguing that the time is now to reimagine institutions that foster social cohesion. "The COVID moment has been and still is an...
Photo of Justin Wolfers
In the Media

Wolfers discusses tech layoffs

Nov 17, 2022 Washington Post
Justin Wolfers, Washington Post: "That amounts to about one-third of 1 percent of the total separations in a month. Large numbers of separations are actually the norm in the U.S. economy. I think that there is a tendency for the human brain to look...
Justin Wolfers
In the Media

Wolfers compares corporate profits and inflation

Nov 15, 2022 NPR
Justin Wolfers, NPR: "Corporations have celebrated higher prices in their earnings calls ever since the history of the earnings call. Blaming inflation on greed is like blaming a plane crash on gravity. Corporations have always tried to raise prices...
Justin Wolfers
In the Media

Stevenson discusses state of inflation

Nov 14, 2022 Bloomberg
Betsey Stevenson, Bloomberg: "I certainly thought what we saw was good news. And it's good news because we're seeing inflation start to slow. And we know we've got a ways to go but, we're seeing things moving in the right direction. The thing that's...
Stevensom SRM Subcommittee Hearing Teaser Display
In the Media

Stall in student debt relief significant for Detroiters - Hanson

Nov 13, 2022 WXYZ
Jonathan Hanson, WXYZ: “This court decision is really quite significant because it ordered the administration to halt the whole process. For now everyone who’s applied for loan forgiveness has to wait for this process to unfold. Student debt is an...
Jon Hanson
In the Media

Wolfers analyzes latest CPI report

Nov 10, 2022 AlterNet
Justin Wolfers, AlterNet: "This is a very encouraging inflation report. There’s a good chance that inflation has peaked, and is now turning...
Photo of Justin Wolfers
In the Media

Stevenson analyzes hiring trends

Nov 4, 2022 AP News
Betsey Stevenson, AP News: "Employers continue to be worried that it’s going to be harder to hire tomorrow than today, so that actually suggests they don’t see a recession on the...
Betsey Stevenson
In the Media

Stevenson reassures Gen Z about inflation

Oct 30, 2022 NPR
Betsey Stevenson, NPR: "The inflation has been pretty darn stable for your whole life and even some of your parents' life. And then all of a sudden, we hit 2021, and it's like, what's happening? They should count themselves lucky for being on the...
Betsey Stevenson
In the Media

Wolfers weighs in on MeToo movement in economics

Oct 28, 2022 The Chronicle of Higher Education
Justin Wolfers, The Chronicle of Higher Education: Justin Wolfers, a professor of public policy and economics at the University of Michigan at Ann Arbor who has written about gender issues in the field for The New York Times, said the conversation...
Photo of Justin Wolfers
In the Media

U.S. not in a recession, Wolfers tells WDIV

Oct 23, 2022 WDIV
Justin Wolfers, WDIV: "One level more complicated, and another level much simpler. Which is, as of right now, the U.S. economy is not in a recession. Last time we talked, the U.S. economy wasn't in a recession, and the U.S. economy hasn't been...
Photo of Justin Wolfers
In the Media

Stevenson discusses impact of factories in econony

Oct 20, 2022 NPR
Betsey Stevenson, NPR: "Every president wants to increase manufacturing. But the future of jobs is in the service sector. We've become so much more productive at making things, we just only need to spend a small share of our resources — our people,...
Betsey Stevenson
In the Media

Wolfers comments on failed U.K. tax cut plan

Oct 20, 2022 CNN
Justin Wolfers, CNN: "What I found most interesting is that she sort of tried to implement a – supply side would be one word, Reaganesque would be another word – set of policies. That, of course, is very much what certain wings of the Republican...
Justin Wolfers
News

Stevenson breaks down inflation's causes on 'Face the Nation'

Oct 19, 2022
As inflation continues to rise, voters are getting more and more worried about the economy. To alleviate some of that concern, Betsey Stevenson, professor of public policy and economics, provided her expertise on CBS News: Face the Nation. "It is...
Stevensom SRM Subcommittee Hearing Teaser Display
News

Wolfers to IMF: reasons for optimism amid uncertainty

Oct 19, 2022
Ford School professor Justin Wolfers, an expert economist, recently joined the International Monetary Fund as a panelist to discuss the current economy and how to boost resiliency.  "I just wanted to offer a moment of rhetorical reframing because...
Justin Wolfers
In the Media

Stevenson and Wolfers address September CPI report for Brookings

Oct 17, 2022 Brookings
Betsey Stevenson, Brookings: "If we can get demand down, we will indeed see that passed through to lower prices, which means the Fed just has to do more. Across the board on average the price of services is rocketing up. And that’s where the Fed is...
Betsey Stevenson and Justin Wolfers
In the Media

Stevenson reacts to September inflation report

Oct 13, 2022 CNBC
Betsey Stevenson, CNBC: "Obviously, this isn't a report that anyone likes to see. At the same time, I want to say we should never overreact to one report. What are we seeing here? We saw really fast inflation in services. So what's going on? We're...
Betsey Stevenson
In the Media

Stevenson analyzes September job report

Oct 10, 2022 DBusiness
Betsey Stevenson, DBusiness: "The job growth in September came largely from industries that drove pre-pandemic job growth, but have struggled in the wake of the...
Betsey Stevenson
In the Media

Wolfers says Fed is on track to a 'soft landing'

Oct 8, 2022 CNN News Source
As economic worries continue, Justin Wolfers, professor of public policy and economics, provided his expert opinion on inflation and the economy. “The thing that’s hurting people of course is inflation," he said. “This has been a key goal of the...
Photo of Justin Wolfers
In the Media

Stevenson predicts what a no-COVID economy would look like

Oct 7, 2022 NPR Marketplace
What would the economy look like if the COVID-19 pandemic didn't happen? Betsey Stevenson, professor of public policy and economics, weighed in on the question. "We would have had 5 million more jobs, not 500,000 more jobs," Stevenson said. "A...
Betsey Stevenson
In the Media

Shaefer on why federal spending for children should continue

Oct 3, 2022 The New York Times
Associate Dean and Kohn Professor Luke Shaefer spoke to The New York Times about the positive impact of increased spending on children during the pandemic. “In my career, I’ve never seen anything so dramatic as the shift in resources to families...
Photo of Luke Shaefer in the Ford School's Towsley Reading Room
News

Stevenson provides insight on rising inflation

Oct 3, 2022
As Americans continue to worry about inflation, Professor Betsey Stevenson appeared on NPR and in The New York Times this week. Gen Z is feeling the impacts of high inflation extra hard, NPR, October 1, 2022 "Inflation has been pretty darn...
Betsey Stevenson
In the Media

Stevenson contextualizes women returning to labor force

Sep 29, 2022 NPR
Two and a half years later, women are returning to work at pre-pandemic levels. Betsey Stevenson, professor of public policy and economics, commented on what that means for the economy. "Women had a very tough road to haul with kids working from...
Betsey Stevenson
In the Media

Stevenson puts corporate layoffs in perspective

Sep 25, 2022 NPR Marketplace
As sales lag, more corporations are laying off workers, and raising fears of a recession. Though the July Openings and Labor Turnover Survey showed losses of 1.4 million jobs, the average is usually 2 million.  Ford School Professor Betsey...
Betsey Stevenson