Joshua Hausman

Associate professor @fordschool @UMich. Economic history, macroeconomics, and the Japanese economy.

[Joshua Hausman @jhausma1]

@VincentGeloso I've had good luck asking students to write about how their own family's history reflects economic history. (An idea I got TAing for @delong.) AI could make up a family history, but most students won't do that. And in my experience, students write great essays.

[John Parman @jmparman]

A reminder to all newly minted #econhistory PhDs that the deadline to submit for the @EconHistAssoc Gerschenkron and Nevins dissertation prizes is May 31 (https://t.co/hUNDNNlx0k). The committee looks forward to reading the great work of our newest colleagues.

[Joshua Hausman @jhausma1]

@JohanFourieZA @Tianyi91 @Farid__Farrokhi @ShariJEli @ekosack @EconZach Thanks for including us and for the great summary of our paper! And I'm very glad to now know about your substack.

[NBER @nberpubs]

In 1929, the US had twice the cars per capita of Canada and 10 times more than Europe. One big reason is the Model T. Its low price made the car a mass market good, from @ShariJEli, @jhausma1, and Paul Rhode https://t.co/5SuWr2aFAg

[Joshua Hausman @jhausma1]

@cconces @nberpubs @haverfordedu That's great news. Congratulations!

[Joshua Hausman @jhausma1]

Read my piece -- and the wonderful reply by
@delong -- for much more. And tell me why I'm wrong!

[Joshua Hausman @jhausma1]

Very pleased to see that my point-counterpoint debate on inflation with @delong is now published by @JPAM_DC. https://t.co/3GUTz6A9gy, https://t.co/xVI6u14V46, https://t.co/C2du52JOE0

[Joshua Hausman @jhausma1]

tl;dr: I am more pessimistic about inflation than markets or the Fed. In the short-run, I expect high aggregate demand will keep inflation high. In the medium-run, I expect it will be more politically difficult to bring inflation back to 2-3 percent than markets expect.

[Joshua Hausman @jhausma1]

@issiromem Airlines effectively do charge for overhead bins. It's part of how they get people to pay for first class, get airline credit cards that come with early boarding, and fly the airline more to get elite status.

[Joshua Hausman @jhausma1]

@BetseyStevenson How about this by Daniel Hausman (my dad), Michael McPherson, and Debra Satz?
https://t.co/qonRT3NnUh

[Joshua Hausman @jhausma1]

I’m pleased to be quoted in this excellent article by ⁦@austenhufford⁩. https://t.co/nFouF5Vt4S

[Joshua Hausman @jhausma1]

@JLRosenbloom @CatieHausman As you no doubt know, the IRA gives taxes incentives for heat pump water heaters. Useful calculator here: https://t.co/tEKkWP00ED. Of course, given that supply may be quite inelastic right now, unclear how much these incentives will lower the cost to consumers.

[Joshua Hausman @jhausma1]

@JLRosenbloom @CatieHausman and I are considering the same. Seems like it must cool the basement? The heat has to come from somewhere.

[Joshua Hausman @jhausma1]

@delong Congratulations! Very happy to see this. I’m having a lot of fun teaching the book this semester.

[Joshua Hausman @jhausma1]

@D_A_Irwin Congratulations! So well-deserved.

[Joshua Hausman @jhausma1]

A natural but unfortunate political-economy feedback loop: inflation leads to demand for tax cuts or transfers (or the equivalent, e.g. student loan debt relief) which leads to more inflation . . .

[Joshua Hausman @jhausma1]

I also said "This is not a good idea if you care about inflation, because the way inflation falls is for people to spend less, and so sending them money does exactly the opposite."

[Gerald R. Ford School of Public Policy @fordschool]

A dozen states are providing inflation relief checks to residents.

Associate Professor Josh Hausman (@jhausma1) told @Marketplace they are designed to help people deal with rising prices, not stimulate the economy.

Read ➡️ https://t.co/45iYxXQPqI

[Joshua Hausman @jhausma1]

Yes. A general worry: inflation naturally leads to demands for policies (like the gas tax holiday) that increase inflation. Prices rise -> political pressure to send people checks (or equivalently, cut taxes). But that increases inflation. Am I wrong to worry about this?

[Jason Furman @jasonfurman]

P.P.P.S. Needless to say, a gas tax holiday would also add to inflation. Probably not that much because the majority of it would be windfall profits for the oil industry and that is not particularly stimulative. But still goes in the wrong direction.

[Joshua Hausman @jhausma1]

I'm for spending on infrastructure at any time. But this is a good reminder of the wisdom of counter-cyclical infrastructure spending. Dollars spent on infrastructure during a boom (now) buy less and don't increase employment. It's the opposite in a recession.

[Catherine Rampell @crampell]

Construction projects across the U.S. are running short on labor just as $1 trillion in federal infrastructure money starts to kick in https://t.co/IzeueuskHe

[Joshua Hausman @jhausma1]

@garyleff @DKThomp Thanks. Perhaps it matters that airlines have monopoly power (e.g. my home airport is DTW, not a lot of non-DL nonstops available). So high fares may not be competed away. Could makes it possible (profit maximizing?) for airlines to stay smaller and provide worse service.