Great Recession

As a result of the 2007-2009 financial crisis and the financial turmoil triggered by the COVID-19 pandemic, central banks have expanded their policy frameworks to protect financial stability. In a new article published by the European Systemic Risk...

Throughout nearly three decades at the Federal Reserve Bank of New York, Susan McLaughlin (MPP/MBA '93) has worked a wide range of roles, most of them closely involved in the Fed's interactions in financial markets. In addition, she has had her...

The U.S. labor force continues to evolve as the economy recovers from the COVID-19 pandemic. Betsey Stevenson, professor of public policy and economics, explained how and why it has transformed in a recent Bloomberg interview. "We saw labor force...

Justin Wolfers, professor of public policy and economics, sat down on CNN's Don Lemon Tonight to discuss the labor shortage that most believe the U.S. is currently experiencing. Wolfers had a different opinion. "I want to be careful about calling...

“There is no clear change in the trajectory or path of the economy when Trump becomes president in 2016. We see an economy that started recovering in 2010 and just kept going for an extremely long period of time," said Stevenson. Read Professor...

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...

While the economy experiences one of the longest period of sustained growth, many Americans are already concerned about the likelihood of the next recession. For many, the wounds of the Great Recession are only now beginning to heal and the thought...

Valentina Duque (University of Michigan), Natasha Pilkauskas, and Irwin Garfinkel (Columbia University) published a February 1 paper in PLoS ONE: "Assets among low-income families in the Great Recession." Abstract This paper examines the...

Kristin Seefeldt (MPP '96, PhD '10) recently spoke with Lakeshore Public Media’s "Regionally Speaking" for a podcast about research from her forthcoming book, “Abandoned Families: Social Isolation in the twenty-first century.” Seefeldt’s research...

The Center for Local, State, and Urban Policy’s (CLOSUP) most recent Michigan Public Policy Survey finds a reversal in the trend of improving fiscal health among Michigan local governments.Despite an improving economy, fewer local governments say...

A research article by Sandra K. Danziger, Sheldon Danziger, Kristin S. Seefeldt, and Luke Shaefer, "Increasing work opportunities and reducing poverty two decades after Welfare Reform," was published in the November 2015 edition of the Journal of...

In a Huffington Post opinion article, "Ravages of the Great Recession," Sheldon Danziger writes that Congress's dysfunction, in particular its preoccupation with slashing the federal deficit, is prolonging economic pains. Danziger cites a new study...

The Great Recession leaves behind the largest number of long-term unemployed people, or 4.7 million, since records were first kept in 1948, according to research from the University of Michigan."About 46 million Americans, according to our latest...

Metro Detroit residents have made difficult decisions to weather the "Great Recession" that began in December 2007—in some cases, to the detriment of their own health. That is one of the early findings from the Michigan Recession and Recovery Survey...

In light of the desperate showing of thousands of people seeking federal assistance at Detroit’s Cobo Hall, Kristin Seefeldt spoke to the Detroit Free Press about the “cracks” in many government programs. Seefeldt, who is currently conducting a...

National Poverty Center surveying effects of recession and federal stimulus on Southeast Michigan workers and families Long affected by the loss of well-paid manufacturing jobs, workers and families in Southeast Michigan have been hit especially...

Since the 2008 financial crisis, developed countries have suffered high unemployment and slow growth. What are options for policymakers in this...

Since the 2008 financial crisis, developed countries have suffered high unemployment and slow growth. What are options for policymakers in this...