economics | Gerald R. Ford School of Public Policy
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News

Wolfers: Two Reasons for Optimism About the Economy

Mar 23, 2025
"The air is thick with recession talk, and stocks are cratering. But it just may be a mirage, a refraction of partisan distortions" wrote Ford School professor, Justin Wolfers, in a recent guest essay for The New York Times."It started with a...
Photo of Justin Wolfers
In the Media

Dominguez on the increasing value of foreign currency

Mar 20, 2025 Marketplace
As the economy prepares for the Trump administration's proposed tariff plan, U.S. goods are becoming less competitive than those from foreign countries. Speaking with Marketplace, the Ford School's Kathryn Dominguez claims this isn't the only...
Kathryn Dominguez speaks to prospective students at the Ford School's Spring Preview
In the Media

Wolfers: It's not a world trade war, but an American trade war

Mar 12, 2025 ABC Australia
Justin Wolfers, Ford School professor talked with ABC Australia about Trump's trade war and how other countries like Australia have yet to retaliate. Wolfers said "we haven't seen any action of non-US countries imposing tariffs on each other so its...
Justin Wolfers
In the Media

Trump sees the world in zero sum terms - Wolfers

Mar 11, 2025 MSNBC
Ford School professor Justin Wolfers tried to explain Donald Trump's thinking on the economy. He said, "There is an underlying economics of trump, and you won't be surprised I think it's dead wrong." Wolfers said, "There's the zero sum thinking and...
Justin Wolfers
In the Media

Wolfers comments on public perception of the economy

Mar 10, 2025 Marketplace
“Just because folks say they’re unhappy about the state of the economy, that doesn’t mean much,” said Justin Wolfers, an economics and public policy professor at the Ford School. Speaking with Marketplace, Wolfers asserts that it's important to...
Justin Wolfers
In the Media

Stevenson on uncertainty around tariffs

Mar 9, 2025 Meet the Press
Betsey Stevenson, Ford School professor and economists, talked about the continuing uncertainty around tariffs. She said, "Uncertainty is terrible but certainty that we have huge tariffs is also terrible." Stevenson added, "Trump can't guarantee how...
Betsey Stevenson
News

Wolfers weighs in on tariffs, uncertainty, and the stock market

Mar 9, 2025
Ford School professor and economist Justin Wolfers discussed the impacts of tariffs, uncertainty, and consumer sentiment on the US economy with several news outlets last week. Wolfers highlighted the response the stock market had to tariffs and what...
Justin Wolfers
In the Media

American labor market is fundamentally healthy - Wolfers

Mar 7, 2025 The New York Times
Justin Wolfers, Ford School professor and economists, says the most recent job report data shows that “This is a fundamentally healthy labor market, continuing its earlier momentum, albeit at a slightly slower...
Justin Wolfers
In the Media

Cavaillé on why inequality is hard to solve

Mar 7, 2025 Rhodes Center
Charlotte Cavaillé, Ford School professor, talked with Mark Blyth about politics of inequality. Cavaillé characterized liberals and conservatives who see inequality as "the two outraged groups are not outraged about the same thing so that precludes...
Charlotte Cavaille profile photo
In the Media

Stevenson discusses Trump reasoning on tariffs

Mar 6, 2025 Michigan Public
Ford School professor Betsey Stevenson discussed the rational behind implement tariffs on Canada and Mexico, but she said, "with China that they may have been trying to compete with very low-cost manufacturing" however “I don't think you can make...
Stevensom SRM Subcommittee Hearing Teaser Display
In the Media

All economists think tariffs will weaken the US and Canada - Stevenson

Mar 6, 2025 Michigan Public
Betsey Stevenson, Ford School professor and economist, talked with Michigan Public's Stateside about the claims Trump has made about Canada, she says Trump "has claimed it is because of drug trade or illegal immigration but we just don't have a lot...
Betsey Stevenson
In the Media

Canada is not ripping us off - Stevenson

Mar 5, 2025 MSNBC
Betsey Stevenson, Ford School professor and economist, talked with Chris Hayes about tariffs and Trump's rhetoric, she says "when someone sells me something cheap I don't think you ripped me off I want you to charge me 10% more, but that's basically...
Betsey Stevenson
In the Media

Stevenson talks impacts of tariffs around globe

Mar 4, 2025 ABC Australia
Ford School professor and economist, Betsey Stevenson says Americans will feel impacts of tariffs quite quickly especially because "already companies have been taking action and anticipating tariffs, in some sense prices may already reflect the...
Betsey Stevenson
News

The reality of DOGE's mediocre savings - Stevenson

Feb 25, 2025
The Ford School's Betsey Stevenson recently spoke with Bloomberg, highlighting the false assertions of government saving increases made by DOGE. DOGE claims it has saved the government around $55 billion in spending through a wave of federal firings...
Betsey Stevenson
In the Media

Stevenson discusses NFL players and work benefits

Feb 12, 2025 Freakonomics
Betsey Stevenson, economist and Ford School professor, talked on Freakanomics radio about the results of the first workplace survey of NFL players. She focused on the work benefits NFL players may want or could be receiving from their employers as a...
Betsey Stevenson
News

Under Trump, "Laws Are Just Vibes", says Moynihan

Feb 10, 2025
"On Friday, the administration announced that it would cap the overhead, or “indirect” rates, that the National Institutes of Health allows on its grants to universities," writes Ford School professor Don Moynihan in an essay published by The...
Don Moynihan
In the Media

Fed rate changes and labor market uncertainty - Wolfers

Feb 7, 2025 The New York Times
The Federal Reserve Bank is set to lower rates as the economy stabilizes over the next few months. Speaking with The New York Times, the Ford School's Justin Wolfers cautioned businesses about these changes and the adaptations of the labor market...
Photo of Justin Wolfers
In the Media

Wolfers has lingering uncertainty about Trump's tariff tactics

Feb 3, 2025 CNN
As President Trump doubles down on his threats for tariffs on foreign trade, the Ford School's Justin Wolfers isn't sure his tactics work economically. Wolfers told CNN, “Trump announces tariffs, so markets fall. Trump walks back tariffs, markets...
Photo of Justin Wolfers
In the Media

Canada tariffs will impact Michigan - Stevenson

Feb 3, 2025 WXYZ
Ford School Professor Betsey Stevenson explains how trade with Canada would be impacted by a 25% tariff, saying for any good, "now every time it crosses that border we have got to add 25 percent to the price." she also noted "it’s not jut consumers...
Betsey Stevenson
In the Media

Hanson talks economic consequences of second Trump administration

Jan 19, 2025 Folha do Brasil
Jonathan Hanson, Ford School professor, talked with Folha do Brasil about the impacts of the new Trump administration. He says that "A lot of people have been working on Trump's plans for 2025 in the four years he has been out of...
Jon Hanson
In the Media

Tragically underrated, Stevenson on US Economy in 2024

Dec 31, 2024 Marketplace
Betsey Stevenson, professor at the Ford School, chose "Tragically underrated" as a phrase to be the economist's word of the year. She describes labor force participation, inflation-adjusted wages and more to show how the US economy is the strongest...
Betsey Stevenson
State & Hill

Reactions: 2024 elections

Dec 17, 2024
In the days following the 2024 elections, we sought insights from Ford School faculty members: How did we arrive at this point? And where do we go from here? Jenna Bednar, professor of political science and public policy: “The election raised the...
Headshots of Jenna Bednar, Charlotte Cavaillé, Jonathan Hanson, Mara Ostfeld, Ambassador Susan D. Page, and Betsey Stevenson
In the Media

Inflation hurt Democrats and angered consumers - Stevenson

Nov 11, 2024 NPR
Ford School professor and economist Betsey Stevenson said, “Economists are going to have to reckon with the fact that the public would have preferred a slower recovery with much higher unemployment, as long as prices had been stable.” She then said,...
Betsey Stevenson
In the Media

Stevenson on many facets of women and the workforce

Nov 9, 2024 What Happens Next
Betsey Stevenson, Ford School professor, talked with Larry Bernstein about highly educated women and marriage, how to make women's labor in work places more productive with more flexibility, and recent employment statistics. "We see women being a...
Betsey Stevenson
In the Media

Deardorff on impacts of Trump's possible tariffs

Nov 8, 2024 The Washington Post
Alan Deardorff, Ford School professor emeritus spoke with the Washington Post about the Trump administration's possible tariffs. He pointed out the upside to most taxes and tariffs, which people eventually get used to. However, he said “With a 60...
Alan Deardorff
In the Media

Lookout for consumers spending ahead of possible tariffs - Wolfers

Nov 7, 2024 ABC Australia
Justin Wolfers, Ford School professor, talked about impacts of Trump's election on the market and the economy, saying "the market seems happy but that's because he is likely to deliver the tax cuts that make stocks more valuable." Also he noted,...
Justin Wolfers
In the Media

Deardorff discusses what tariffs may mean for businesses

Nov 7, 2024 Inc
Alan Deardorff, Ford School professor emeritus said, “Assuming that he follows through with his proposal to apply a 10 percent (or 20 percent) tariff on all imports from all countries... the effect will be to largely cut the U.S. off from the world...
Alan Deardorff