Economics and finance | Gerald R. Ford School of Public Policy
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News

Wolfers sees signs of optimism amid high inflation numbers

Jul 21, 2022
The latest inflation rate numbers show an increase in prices of 9.1%. Ford School economics professor Justin Wolfers has been discussing the intricacies of elements and implications of that rate.   Reacting to the inflationary pressure, the...
Justin Wolfers
In the Media

Dominguez on euro-dollar parity

Jul 17, 2022 NPR
For the first time in two decades, the value of the dollar and the euro are equal on international currency markets. NPR quotes Ford School professor Kathryn Dominguez saying the two currencies are at parity because of how investors feel about the...
Kathryn Dominguez speaks to prospective students at the Ford School's Spring Preview
News

Stamps students join Detroit Neighborhood Entrepreneurs Project

Jul 12, 2022
Students from the University of Michigan's Penny Stamps School of Art and Design spent a part of their summer in the city of Detroit, gaining valuable experience as interns in the Detroit Neighborhood Entrepreneurs Project (DNEP) + Impact Studio for...
Stamps students and DNEP
In the Media

Hausman warns of the costs of transition to "everything electric"

Jul 10, 2022 Colorado Public Radio
"A rapid energy transition could leave lower-income customers with higher gas bills, raising questions about the economic fairness of shifting homes away from fossil fuels," Colorado Public Radio warns, in part citing a recent paper co-authored by...
Headshot of Catherine Hausman
In the Media

State inflation relief checks are not a stimulus, says Hausman

Jul 6, 2022 NPR Marketplace
A dozen states are providing tax rebates to residents who qualify. Professor Joshua Hausman told NPR Marketplace they are designed to help people deal with rising prices, not stimulate the economy. “This is not a good idea if you care about...
Joshua Hausman
News

Schwarz and Hills comment on Kellogg HQ move

Jun 26, 2022
Kellogg Company announced plans to split into three separate companies focused on cereal, plant-based foods and snacks, with the snacks company moving headquarters from Battle Creek to Chicago. The other divisions will remain based in...
Headshots of John "Joe" Schwarz and Gerald "Rusty" Hills
In the Media

Gas tax break may not reduce prices - Stevenson

Jun 26, 2022 The New York Times
As the Biden administration considers a holiday on the federal gas tax, an opinion piece in The New York Times says the move may not actually lead to a price reduction at the pump. It states, "By the iron law of supply and demand, if the demand...
Betsey Stevenson
In the Media

Nothaft proscribes changes in Michigan auto insurance reform

Jun 26, 2022 Click On Detroit
In the three years since Michigan reformed its auto insurance laws, rates have remained high, and people are asking, "Did it do what was promised?" Amanda Nothaft from Poverty Solutions outlined three changes necessary for further change to Click...
Poverty Solutions informal logo on a blue background
In the Media

Rabe on curbing high gas prices

Jun 16, 2022 Time
This week, President Biden called on U.S. oil refiners to ramp up production to meet the growing demand for gas and rising prices at the pump. In a Time interview, Ford School professor Barry Rabe says he is "struck by the lack of appetite in either...
Headshot of Barry Rabe
Publication

States can take advantage of energy price hikes - Raimi

Jun 12, 2022
While high energy prices are hurting consumers, there are ways in which state governments can benefit from the spikes to create more resilient communities in the long-term, Ford School lecturer Daniel Raimi writes in Resources. “For some states,...
Headshot of Daniel Raimi
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...
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...
Betsey Stevenson and Justin Wolfers
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...
Justin Wolfers
News

Michelmore appointed as NBER research associate

Apr 25, 2022
Ford School professor Katherine Michelmore has been named as one 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...
Headshot of Katherine Michelmore
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...
Luke Shaefer
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...
Photo of Justin Wolfers