At the time of his death in 2007, Edward (Ned) Gramlich was both an active faculty member the Gerald R. Ford School of Public Policy at the University of Michigan and a senior fellow at the Urban Institute, where he published Subprime Mortgages and issued other prescient warnings prior to the full onset of the Great Recession. Throughout his career, Gramlich earned the admiration and respect of many of his colleagues, including Ben Bernanke and Alan Greenspan, two former chairs of the Board of Governors of the Federal Reserve System.
Together, Urban and the Gerald R. Ford School are releasing a video featuring dedications from Bernanke, Greenspan, and others, originally provided to Gramlich before his death. His family and those making the dedications have graciously offered to make it public in advance of "Honoring Ned Gramlich and the Importance of Policy Research,” a conference to be held on May 30, hosted by the Federal Reserve Board and sponsored by the Gerald R. Ford School.
We provide this video not simply to honor our former colleague, but as an inspiration to others, particularly those who wish to follow in his footsteps. Gramlich possessed a unique capacity to undertake important academic research, engage extensively in important policy roles at places like the Federal Reserve and the Congressional Budget Office, and administer one of the best public policy schools in the nation. Watch the video, and you will quickly understand what we mean.