economy | Gerald R. Ford School of Public Policy
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News

Ivacko discusses voter priorities in 2022 election

Oct 30, 2022
Ahead of the midterm election, Tom Ivacko, executive director of the Center for Local, State, and Urban Policy, joined WXYZ Detroit to discuss what's on voters' minds. "This is a very interesting election cycle. Typically, the economy is one of...
Tom Ivacko
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
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 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
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 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
News

Wolfers provides expertise on current state of economy

Sep 9, 2022
Justin Wolfers, professor of public policy and economics, has made numerous appearances in the media recently, providing his expertise on the current state of our economy. Here is a compilation of his recent contributions: 'Both a warning and a...
Justin Wolfers
In the Media

Core measures do a better job to predict inflation, says Wolfers

Aug 16, 2022 Quartz
Economists have a lot of data—consumer prices and monthly inflation rates— to measure inflation and predict prices. But Ford School economist Justin Wolfers explains that cherrypicked numbers are contributing to general confusion about what's...
Justin Wolfers
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
In the Media

'Not a single indicator that a recession is coming' - Wolfers

Apr 13, 2022 Los Angeles Times
With inflation running high, yet unemployment low, President Biden's approval rating has sunk, signaling the economic anxiety of Americans. In light of this, Justin Wolfers, professor of public policy and economics, discussed the economy and...
Photo of Justin Wolfers
News

Stevenson and Wolfers discuss latest jobs report

Apr 4, 2022
The labor market is still booming, according to the latest jobs report. Justin Wolfers and Betsey Stevenson, both professors of public policy and economics, broke down what the jobs report means for Americans. "I do think it more likely that the...
Betsey Stevenson and Justin Wolfers
News

Stevenson discusses gender dynamics in the labor market

Mar 29, 2022
Men and women experience the labor market very differently. Betsey Stevenson, professor of public policy and economics, who studies those differences notes that women's roles as caregivers, and a lack of affordable childcare or paid leave, are major...
Betsey Stevenson
In the Media

Stevenson analyzes conflicting views of the economy

Mar 17, 2022 The New York Times
Republican governors across the country have been criticizing President Biden for his economic policies while touting their own. Betsey Stevenson, professor of public policy and economics, weighed in on the trend. “Basically it’s insane to say,...
Betsey Stevenson
News

Stevenson describes Biden report, current labor market

Mar 8, 2022
A new report from the Biden administration highlights how employer practices, including collusion and constraints on competiton, are limiting workers' choices and wages. Betsey Stevenson, professor of public policy and economics, explained the cause...
Photo of Betsey Stevenson leading a class
In the Media

Stevenson gives update on the labor market

Mar 6, 2022 Bloomberg
Betsey Stevenson, professor of public policy and economics, recently appeared on Bloomberg's "Balance of Power" to discuss the latest jobs report.  "We saw a lot of jobs added and we saw employment grow. So, across the board, this is a really...
Betsey Stevenson
In the Media

Wolfers discusses accuracy of economic predictions

Feb 23, 2022 Marketplace
As technology improves, economists are handed more and more data to make predictions with. But, does it make those predictions better? “The evidence seems to be if we are, only a little bit," Justin Wolfers, professor of public policy and...
Photo of Justin Wolfers
Publication

Johnson's study helps analyze thriving economy

Feb 23, 2022
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...
U.S. capitol
News

Wolfers weighs in on inflation

Feb 16, 2022
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...
Photo of Justin Wolfers
In the Media

Stevenson discusses inflation and demand

Feb 13, 2022 CNN Politics
With inflation rising as the economy bounces back from the COVID-19 recession, the automobile industry is one area that has struggled due to labor and supply shortages. "The people screaming for Biden to do something do not want the Fed to raise...
Betsey Stevenson
In the Media

Stevenson proposes solutions for inflation

Feb 10, 2022 Yahoo! News
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...
Photo of Betsey Stevenson leading a class