A recent Washington Post article used a paper co-authored by David Johnson, director of the Panel Study of Income Dynamics, and Ford School professor by courtesy, to analyze American bank accounts.
"People were much slower to spend their...
Americans are becoming increasingly worried about inflation. Justin Wolfers, professor of public policy and economics, discussed the Federal Reserve's current approach to intervening in the economy to address the issue.
"The mechanism by which...
With Americans panicking about rising prices, Betsey Stevenson, professor of public policy and economics, proposed how to slow inflation down.
"So we've got two ways to fix the problem: We can bring down demand ... or we can try to increase...
Ford School professor Betsey Stevenson, along with multiple other economic experts, sent a letter to the Senate Banking Committee urging them to approve the current nominees for the Federal Reserve Board.
"In addition to representing among the...
Justin Wolfers, professor of public policy and economics, recently appeared on WDET to talk about the economy, inflation, and jobs.
"People are complaining about rising prices and inflation. That’s their concern right now. It’s not about jobs,"...
The January jobs report revealed strong employment gains, with 467,000 jobs added in January. Betsey Stevenson, professor of public policy and economics, analyzed the report for numerous media outlets.
The jobgains occurred in the midst of a...
The latest jobs report reflects a strong, recovering economy. But, Justin Wolfers, professor of public policy and economics, explained that not all Americans are feeling the effects of recovery.
"A lot of people, particularly older people, have...
Two years after COVID-19 was discovered in the U.S., the country is still grappling with the virus and its effects. Joshua Hausman, associate professor of public policy and economics, discussed the impact of the virus on different...
The recession caused by the COVID-19 pandemic hit employment in the service sector hardest, and the workforce is still feeling the effects,
Betsey Stevenson, professor of economics and public policy, told Mother Jones , "The pandemic created a...
As consumer prices rise, some Americans panic that inflation will continue unabated. With its new interet rate policy, some are wondering if the Federal Reserve made a mistake. Justin Wolfers, professor of public policy and economics, has faith in...
Recent government job reports have consistently undercounted the number of jobs created. Revisions are made regularly pushing those numbers up. Betsey Stevenson, professor of public policy and economics, explained how she estimates total jobs...
Following the Federal Reserve's announcement, Betsey Stevenson, professor of public policy and economics, appeared on Bloomberg's "Sound On" podcast to discuss monetary policy changes.
"The Fed did exactly what everyone expected them to do today,...
Writing in The New York Times, Betsey Stevenson and Justin Wolfers shared their views on what the future of work looks like in 2022—an economic upheaval they call "The Great Reallocation"—which just may lead to a more humane labor market.
They...
As the omicron variant spreads, the impact it will have on the fragile economic recovery remains uncertain. Justin Wolfers, professor of public policy and economics, talked to numerous media outlets about economic recovery, the jobs report, and...
Betsy Stevenson offered insights on the labor market and the road to post-pandemic recovery.
Talking about cash assistance programs during the pandemic with Slate, Stevenson said, “We made people better off by giving them money, and I know...
This week, Betsey Stevenson helped make sense of the data coming from national jobs reports and unemployment numbers.
"The percentage of Americans employed fell off a cliff in the early pandemic. We’re now 75 percent of the way back up that...
Today, Betsey Stevenson, professor of public policy and economics, appeared on Moody's Talks: Inside Economics to discuss the September jobs report.
"If you turn to the employment report, it wasn’t that stark, but you still see the same pattern....
After a few months of economic recovery, the delta variant is slowing down the economy yet again.
"Today's dreadful jobs report - which basically put the recovery on ice for a while - is yet another reminder that the virus is the economy," Justin...
As the economy and world attempts to return to normal with the help of the COVID-19 vaccine, a new normal -- from social norms to remote work -- is emerging. Betsey Stevenson, professor of public policy and economics, recently spoke with Project...
The Aspen Economic Strategy Group (AESG) announced seven new members [including Susan M. Collins, Provost and Executive Vice President for Academic Affairs] to the sixty-five member, invitation-only group made up of distinguished leaders and...
"I think there’s actually a lot of room for us to do things better, faster, cheaper. That’s where our growth comes from and I’m always an optimist that we can do it," said Stevenson. "I also think that we have a lot of untapped potential in people....
With economic activity changing faster than standard statistical measures can keep up, economists are looking at other indicators to take the economy’s pulse. Justin Wolfers, professor at the Ford School, analyzed electricity usage to understand the...
With the economy reeling from the effects of the COVID-19 crisis, the Federal Reserve has taken steps to shore up money-market funds, securing billions to lend as part of a broader effort to try and stabilize the markets. Ford School Dean Michael S....
The COVID-19 pandemic is impacting the U.S. economy in unprecedented ways. This week, Ford School economic experts including Ford School dean Michael S. Barr, and professors Betsey Stevenson and Justin Wolfers weigh in on what’s ahead in The New...
Recent economic conversations have attempted to forecast the widely-anticipated next recession, but when are these commentators correct, and when are they crying wolf? Politico Money's Ben White sat down with Professor Betsey Stevenson to dissect...
The financial crisis lay bare how the financial system failed the nation but left hidden the many ways in which that system still fails the most vulnerable Americans. In No Slack, Michael S. Barr explores how low- and moderate-income households cope with financial stress, use financial services to make ends meet, and often come up short. Many households were overleveraged or paid high costs for financial services, while others lacked access to useful financial products that can cushion against economic instability.
