COVID-19

In the Media

New Economy Initiative Awards Grant to DNEP to support Detroit Minority-owned businesses

Mar 21, 2022 NEI Grants

NEI granted the Center on Finance Law & Policy $55k to support DNEP's ongoing operations. The Inclusive Small Business Support Network Fund is designed to provide reliable operating support to small business support organizations (BSOs) to...

News

Applying academic skills to real-world business challenges

Jun 29, 2021

Small businesses in Detroit, as across the country, have had to make major adjustments to survive the COVID-19 pandemic economic downturn. A cadre of students from U-M have been able to work with many of these businesses through an internship...

Applying academic skills to real-world business challenges

News

Ford School involvement highlighted among growing U-M Detroit partnerships

Mar 8, 2021

The University of Michigan ramped up its collaborations on a multitude of projects in the city of Detroit during the pandemic, including outreach to residents on issues ranging from unemployment to the COVID-19 vaccine. Initiatives such as Poverty...

Dispossessing Detroit: How the Law Takes Property

News

New Paper on Financial Response to the Covid-19 Pandemic

Aug 7, 2020

The Center on Finance, Law & Policy happily announces a new paper by Dean of the Gerald R. Ford School of Public Policy Michael Barr, Harvard Law School professor Howell E. Jackson and Margaret E. Tahyar of Davis Polk & Wardwell LLP. The Financial...

News

Michigan Ross and Ford Students Work with the Detroit Neighborhood Entrepreneurs Project

Jul 15, 2020

COVID-19 changed everything for small businesses in Detroit. Now business owners have dozens of new issues to think through as they pivot business models, weigh costs & benefits, and figure out when and how to re-open. Thanks to the Ralph C. Wilson...

News

Harris sees changing role for fintech companies in response to COVID-19 economic crisis

May 29, 2020

Since its inception, the fintech industry has seen consistent change and evolution. An article on Finovate published May 28, says the past few months have seen even more rapid change in this “extraordinary time”. In the article, Adrienne Harris Ford...

Fireside chat with Superintendent Adrienne A. Harris of the New York Department of Financial Services

News

Dean Barr on the need to do more for communities and small businesses

Apr 23, 2020

Hundreds of billions of dollars have been allocated to help small businesses and individuals in response to the COVID-19 financial crisis. Yet for low-income households and small businesses, accessing those funds has proved to be a challenge,...

Michael S. Barr encourages the Federal Reserve to reform money-market funds

News

Fintech can speed recovery payments to businesses and individuals

Apr 22, 2020

Financial technology, commonly known as fintech, is the intersection of financial services and technology. Fintech services that have become popular in recent years include mobile payments, online lending, and digital currency.Adrienne Harris, a...

News

U-M helping Detroit’s small businesses locate, navigate coronavirus-related financial aid

Apr 15, 2020

The University of Michigan is working with Detroit’s small businesses to help them find sources of federal financial aid amid the COVID-19 pandemic and assist them in navigating the rules and regulations they will encounter in the application...

News

In times of crisis, electricity usage data can estimate economic damage, says Wolfers

Apr 10, 2020

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...

In times of crisis, electricity usage data can estimate economic damage, says Wolfers

News

Key decisions hurt Financial Stability Oversight Council in COVID-19 response, says Barr

Apr 2, 2020

In the aftermath of the 2008 recession, the Financial Stability Oversight Council (FSOC) was established in Title I of the Dodd-Frank Act, tasked to identify and monitor future threats before the next crisis. Now, during the current crisis brought...

Key decisions hurt Financial Stability Oversight Council in COVID-19 response, says Barr

News

Entrepreneur Resource for COV-ID: Update Your Business Hours

Apr 1, 2020

With a statewide shelter in place order in effect in Michigan, small businesses in Michigan are being forced to pivot or seek emergency/disaster funding to survive. In support of the University of Michigan's Detroit Neighborhood Entrepreneurs...

News

Michael S. Barr encourages the Federal Reserve to reform money-market funds

Mar 24, 2020

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....

Working Paper

The Financial Response to the COVID-19 Pandemic

August 1, 2020

Michael S. Barr, Howell E. Jackson, Margaret E. Tahyar

This paper, written to assist faculty in teaching about the pandemic, focuses on key actions taken by the financial regulators in response to the crisis so far, giving a detailed summary of the actions taken by the Federal Reserve, the Treasury...

Linda Tesar: The Macroeconomics of COVID-19

Jan 21, 2021 0:52:09

Linda Tesar reviews some recent evidence on the impact of COVID-19 on economic activity in the US and abroad and discusses some of the ways that macroeconomists have begun to model the "COVID shock" and its economic effects.

A Decade of Dodd Frank: Introduction and Welcome with Aaron Klein and the Honorable Chris Dodd

Jun 30, 2020 0:00:00

A decade of Dodd-Frank - Introduction, overview, and opening welcome.

A Decade of Dodd-Frank Panel 1: What were the difficult choices of Dodd-Frank, & how do they perform today? with Damian Paletta, Michael S. Barr, Amy Friend, Andrew Olmem and James Segel

Jun 30, 2020 0:40:18

Panel 1: What were the difficult choices of Dodd-Frank, and how do they perform today?

The role of fintech during COVID-19

Apr 20, 2020 0:11:30

Adrienne Harris, a Towsley Foundation Policymaker in Residence, explains how “fintech” plays a role during the COVID-19 pandemic.