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inflation

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Core faculty

Justin Wolfers

Professor of Public Policy and Economics
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.
In the Media

Rabe on curbing high gas prices

Jun 16, 2022 Time
This week, President Biden called on U.S. oil refiners to ramp up production to meet the growing demand for gas and rising prices at the pump. In a Time interview, Ford School professor Barry Rabe says he is "struck by the lack of appetite in either...
Publication

States can take advantage of energy price hikes - Raimi

Jun 12, 2022
While high energy prices are hurting consumers, there are ways in which state governments can benefit from the spikes to create more resilient communities in the long-term, Ford School lecturer Daniel Raimi writes in Resources. “For some states,...
In the Media

Catherine Hausman on the cost of soaring gas prices

Jun 10, 2022 Bloomberg
"There's very little the administration or Congress can do on gasoline prices. This is part of a world market. This is just basic supply and demand." Catherine Hausman discusses how high gas prices affect Europe's energy market and U.S. climate...
In the Media

Wolfers says recession worries are overstated

May 12, 2022 ABC Australia
The inflation rate in April in the U.S. was 8.3%, slightly down from the previous month. As the Fed addresses the issue, there is worry that stringent measures could cause a recession. Speaking to ABC Australia, Ford School professor Justin Wolfers...
News

Wolfers and Stevenson comment on jobs and inflation

May 6, 2022
Inflation has been as high as 8.5% in recent months, and despite other positive economic factors, CNN reports that President Joe Biden may be “close to the point of no return with Americans on the economy.” Ford School economics professor Justin...
In the Media

Wolfers weighs in on Biden's approval ratings

Apr 16, 2022 Los Angeles Times
Despite low unemployment and rising wages, inflation is causing President Biden to struggle with low approval ratings. Justin Wolfers, professor of public policy and economics, discussed how he would frame the economy to raise approval...
News

Rabe discusses current state of climate action

Apr 13, 2022
On the campaign trail, President Biden promised climate action. But, a few bumps in the road have delayed that action. Specifically, the Build Back Better bill, which includes provisions for action on climate policy, has been stalled. Barry Rabe, J....
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...
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...
News

Senate testimony by Stevenson links labor supply and inflation

Mar 23, 2022
In testimony before the Senate Banking, Housing, and Urban Affairs Committee, Ford School economics and public policy professor Betsey Stevenson examined, "the link between the labor market, families, caregiving, and the risk of higher future...
In the Media

Levy discusses inflation effects on retirees

Mar 21, 2022 The Washington Post
As prices rise, retirees living on a fixed income are left anxious and worried. Helen Levy, research professor at the Institute for Social Research, discussed why pandemic policies, like expanding the Child Tax Credit and unemployment benefits,...
In the Media

Oil price uncertainty a factor for the Fed - Stevenson

Mar 21, 2022 NPR Marketplace
The Federal Reserve walks a thin line while trying to stop inflation without stopping growth. Betsey Stevenson, professor of public policy and economics, discussed what they need to consider when deciding which policy levers to pull. “Are we...
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,...
News

Wolfers weighs in on war in Ukraine and inflation

Mar 14, 2022
Inflation continues to dominate headlines as Americans worry about rising prices everywhere from housing to the gas pump. Justin Wolfers, professor of public policy and economics, provided some insight into the state of the economy. "There’s no...
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...
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...
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...
In the Media

Wolfers discusses state of the economy

Feb 8, 2022 WDET
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,"...
News

Stevenson discusses the Great Resignation and inflation

Feb 1, 2022
Betsey Stevenson, professor of public policy and economics, recently talked to Al Jazeera about the Great Resignation – the phenomenon of millions of Americans voluntarily leaving their jobs. She explained what's going on behind the...
In the Media

Wolfers discusses inflation panic and Fed response

Jan 17, 2022 CNN Business
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...
In the Media

Stevenson breaks down the state of the economy

Jan 7, 2022 Marketplace
Betsey Stevenson, professor of public policy and economics, sat down with Marketplace to discuss the state of the economy.  “People have a harder time putting rising prices in the context of the broader economy,” she said. “(But) when a company...