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Justin Wolfers

Professor of Public Policy and Economics (on sabbatical leave)
Wolfers is an economist with broad policy-related interests and experience. He is also affiliated with the NBER, Brookings and the Peterson Institute for International Economics. He is a contributing columnist for the New York Times and host of the “Think Like An Economist” podcast. He is a popular teacher and author of a leading economics textbook.
Justin Wolfers
Publication

Stevenson predicts continued labor strife in an uncertain market

Sep 22, 2023
As the U.S. endures the UAW, Writers’ Guild, and Screen Actors strikes, among others, Ford School economics professor Betsey Stevenson says the country may endure more labor upheaval. Once the chief economist at the U.S. Department of Labor, she...
Betsey Stevenson
News

Stevenson’s economic analysis in demand

Jul 3, 2023
Ford School economist Betsey Stevenson’s analysis of the volatile U.S. economy is in high demand.  When the June jobs numbers were released at the beginning of July, Stevenson was quoted in the Associated Press. AP reported, “Friday’s jobs...
Betsey Stevenson
News

Stevenson discusses BLS jobs report, inflation

Apr 12, 2023
Last week, the Bureau of Labor Statistics released their monthly jobs report. Betsey Stevenson lent her expertise to numerous media outlets to break down what she saw. "This report is just about as good as it can be. It's slowing slightly, and...
Betsey Stevenson
In the Media

Stevenson analyzes Fed messaging

Mar 21, 2023 Bloomberg
Betsey Stevenson, Bloomberg: "I think sticking with 25 basis points is hopefully going to be sending the signal that they (the Federal Reserve) really do believe that the situation is stabilizing. That they don't need to veer from their planned...
Betsey Stevenson
In the Media

Economy is 'extraordinary' - Wolfers

Mar 12, 2023 WDIV
Justin Wolfers, WDIV: "My summary is what a little ripper. Last month, we were extraordinary. So we aren't extraordinary two months in a row, we're merely very good. This is the sort of job growth that maybe we've gotten used to over the past couple...
Justin Wolfers
In the Media

Stevenson discusses interest rate effects on labor market

Mar 7, 2023 Bloomberg
Betsey Stevenson, Bloomberg: "I think it's really hard to interpret the impact of the interest rate increases on the labor market. And the reason is that we would have to know the counterfactual—what would have happened in the labor market if we...
Betsey Stevenson
News

Wolfers breaks down tooth fairy economics

Mar 5, 2023
The average amount the Tooth Fairy gives children has jumped by 16%, to $6.23. Justin Wolfers, professor of public policy and economics, discussed the economics behind the rise.  "The children of America are getting what their parents are not:...
Justin Wolfers
News

Wolfers optimistic about soft landing for economy

Feb 17, 2023
As concerns about the economy continue, one economist is optimistic. Justin Wolfers, professor of public policy and economics, recently talked with NPR to discuss his economic analysis and predictions. "You're talking to an economist who is going...
Photo of Justin Wolfers
In the Media

Hanson discusses state of inflation

Feb 14, 2023 Wallet Hub
Jonathan Hanson, Wallet Hub: "The point of interest rate increases is to slow down the economy and thus cool demand. Pressure on prices thus falls. It’s effective for controlling the rate of inflation but does not come without some pain. I think the...
Jonathan Hanson
In the Media

Stevenson analyzes inflationary pressure

Feb 11, 2023 The New Yorker
Betsey Stevenson, The New Yorker: "People always hate inflation. Even when inflation was at historic lows, survey data showed that eighty-three percent of Americans thought inflation was a problem. The President has very few levers. And, in this...
Betsey Stevenson
News

Wolfers optimistic on inflation and recession risks

Feb 8, 2023
The U.S. economic recovery from the significant setbacks of the pandemic has seen inflationary pressure from supply chain disruptions and the war in Ukraine, among other factors. Justin Wolfers, Ford School professor of public policy and...
Photo of Justin Wolfers
In the Media

Stevenson discusses trade-offs of inflation

Feb 5, 2023 NPR
Betsey Stevenson, NPR: "The thing about inflation is it hurts us all a little 'cause it's terrible, right? You go to the store, and we're all talking about the price of eggs. We feel it. We feel rents going up and food prices going up, but, you...
Betsey Stevenson
In the Media

Wolfers discusses inflation and interest rates

Jan 19, 2023 WDET 101.9
Justin Wolfers, WDET 101.9: "Inflation was distressing. Right now, it may still be a little distressing. The future looks like it's going to be a whole lot less distressing.  The Fed's worried because inflation still is above its target level. It...
Photo of Justin Wolfers
In the Media

Dominguez breaks down how exchange rates impact inflation

Jan 13, 2023 BBC
Kathryn Dominguez, BBC: "We saw this really dramatic appreciation of the dollar when the US was really moving most forcefully against inflation earlier in 2022. As exchange rates stabilize, that kind of moving of inflation from one country to...
Kathryn Dominguez speaks to prospective students at the Ford School's Spring Preview
In the Media

Stevenson breaks down latest CPI report

Jan 12, 2023 Washington Post
Betsey Stevenson, Washington Post: "What we saw in the inflation data is that what [the Fed] is doing is working. And so far, it hasn’t slowed the economy so much that we’ve seen net losses in jobs. We’ve seen some corrections in the labor market....
Betsey Stevenson
In the Media

Childcare is a societal issue - Stevenson

Jan 10, 2023 Care for Business
Betsey Stevenson, Care for Business: "It drives me crazy when I hear people describe (childcare) as a personal problem. It’s so many uniquely American, right? ... The inflation we’re facing right now has nothing to do with money, and has everything...
Betsey Stevenson
In the Media

Stevenson looks ahead at interest rates and inflation

Dec 28, 2022 CNBC
Betsey Stevenson, CNBC: "I think it’s important to realize that the Fed sees themselves as having two tools right now to bring inflation down. One is bringing rates high, and then the other is keeping them high for longer. And I think one thing...
Betsey Stevenson
In the Media

Wolfers provides 2023 economic forecast

Dec 21, 2022 In the Bubble
Justin Wolfers, In the Bubble: "(Inflation’s) almost certainly peaked. That’s the mainstream view among both Wall Street and academic economists right now. The Fed’s own forecasts show that it expects inflation to fall relatively dramatically over...
Photo of Justin Wolfers
In the Media

Stevenson considers further Fed action on inflation

Dec 12, 2022 DBusiness
Betsey Stevenson, DBusiness: "We thought we’d see inflation start to come down, and instead what we’ve seen is inflation really sort of entrenched. If there’s no real progress, then that says, does the Fed need to take stronger action? And if the...
Betsey Stevenson
In the Media

Wolfers compares corporate profits and inflation

Nov 15, 2022 NPR
Justin Wolfers, NPR: "Corporations have celebrated higher prices in their earnings calls ever since the history of the earnings call. Blaming inflation on greed is like blaming a plane crash on gravity. Corporations have always tried to raise prices...
Justin Wolfers
In the Media

Stevenson discusses state of inflation

Nov 14, 2022 Bloomberg
Betsey Stevenson, Bloomberg: "I certainly thought what we saw was good news. And it's good news because we're seeing inflation start to slow. And we know we've got a ways to go but, we're seeing things moving in the right direction. The thing that's...
Stevensom SRM Subcommittee Hearing Teaser Display
In the Media

Wolfers analyzes latest CPI report

Nov 10, 2022 AlterNet
Justin Wolfers, AlterNet: "This is a very encouraging inflation report. There’s a good chance that inflation has peaked, and is now turning...
Photo of Justin Wolfers
In the Media

El-Sayed discusses the effectiveness of Obama's midterm remarks

Nov 5, 2022 The New Republic
Abdul El-Sayed, The New Republic: "Obama in his remarks reminds Democrats of how to “hit back”—how to remind Americans that beyond the “inflation” talking points are real people living real lives—and that Republican plans would simply make their...
Abdul El-Sayed