Faculty/Instructor Profiles

Faculty Profile: Professor Ronald Fisher – Expertise in Public Finance

fisherMaster of Public Policy faculty Professor Ronald Fisher has had a distinguished career during his time at Michigan State University. His professional highlights include serving as Dean of MSU’s Honors College, Chairperson of the Department of Economics, Deputy Treasurer for the State of Michigan, and as a Visiting Professor and Fellow at a number of universities and institutions in the United States and abroad. He has traveled extensively and given many presentations to share his expertise in economics, particularly government finance issues.

He has also received a number of awards, including the 2014 Stephen D. Gold Award from the Association for Public Policy Analysis and Management. This award recognizes outstanding achievements through contributions to “public financial management in the field of intergovernmental relations and state and local finance.”

Professor Fisher earned his Bachelor of Arts in Chemistry with high honors from Michigan State and his PhD in Economics from Brown University. His textbook State and Local Public Finance is highly regarded and used in universities across the country.

He has taught numerous courses at Michigan State. He notes, “Each class is unique because of the different set of students in that class. It is the students (rather than the course, location, time, [or] semester) that make it a favorite.”

His research has frequently focused on state and local government debt, government borrowing and infrastructure investment, and the effect of perceptions of government financial information on attitudes and behavior.

His recent article with Robert W. Wassmer, “Does Perception of Gas Tax Paid Influence Support for Funding Highway Improvements?” in Public Finance Review (2016) addressed these three issues. Fisher and Wassmer found that likely voters in both Michigan and California consistently overestimate the gasoline tax and that this affects their support for highway infrastructure investment. They recommended that proponents of investment proposals address voter misconceptions, which are a common problem for policymakers working in public finance.

Other major challenges he observes in public finance are determining suitable and effective funding systems for elementary and secondary education, achieving sufficient revenue generation at both the state and local level, and encouraging infrastructure investment. Last year, he highlighted the importance of appropriate infrastructure investment in a Detroit Free Press article addressing the role lack of such funding played in the Flint water crisis.

Professor Fisher advises public policy students to determine what their goals are and take the time to design an effective plan to reach these objectives.

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