Andreas Hauskrecht is a Clinical Professor in the Department of Business Economics and Public Policy. He is an expert in international economics and finance, and banking.
Industry Expertise (2)
Areas of Expertise (4)
Nomination for the Panschar undergraduate teaching award at Kelley School of Business
2001-2002, 2003-2004, 2004-2005
Who's Who in Teaching in the U.S.
Freie Universitat Berlin: Ph.D. 1995
Freie Universitaet Belin: Diplom 1990
Freie Universitaet Belin: Diplom 1989
Media Appearances (3)
Officials, experts say steel tariffs will hurt Kokomo industries
Kokomo Tribune online
That’s according to Andreas Hauskrecht, clinical professor of business economics and public policy at Indiana University’s Kelley School of Business. Trump’s 25-percent tariff on imported steel and 10-percent tariff on imported aluminum took effect last month. The administration said the move was aimed primarily at China, which has flooded the global market with cheap steel and aluminum. Trump said the tariffs were designed to protect and rebuild the U.S. companies that manufacture the metals. But economists Joseph Francois and Laura Baughman estimated last month that although the tariffs would increase employment in the U.S. steel and aluminum industries by more than 26,000 jobs, they would also lead to the loss of 495,000 other jobs throughout the rest of the American economy. And, Hauskrecht said, one of the biggest markets to take a hit from the tariffs and potentially see a cut in its workforce will be the automotive industry. “If I lived in Kokomo, I would be very unhappy with these tariffs,” Hauskrecht said, who noted he’s been to Kokomo multiple times for his work with IU. “I’d take it as a slap in face. … These tariffs look to protect our old steel industry and risk our automotive industry, which isn’t a wise decision”...
Vietnamese Government appreciates economists’ feedback: Deputy PM
Nhan Dan online
During a reception in Hanoi on March 13 for Prof. Andreas Hauskrecht, a public finance expert at the Indiana University’s Kelley School of Business, Deputy PM Hue said PM Nguyen Xuan Phuc want to listen to feedback from his economic consulting group, experts from the Vietnam Initiative and scientists to continue refining Vietnam’s macro-economic policy...
Tariff on washers may be good for Whirlpool but is it good for consumers?
South Bend Tribune online
Andreas Hauskrecht, a clinical professor of business economics at Indiana University’s Kelley School of Business, believes the tariff will definitely result in more harm than good and he questioned whether Whirlpool needed the protection since it already controls nearly half of the U.S. market with just its Whirlpool and Maytag products while Samsung has about 10 percent and LG about 8 percent. “It is questionable whether a world leader in technology can also be competitive in low-skilled production,” said Hauskrecht, who explained that production actually has been shifting to Vietnam in recent years because of rising labor costs in China...
2010 In contrast to Robert Mundell's Optimum Currency Area theory and his recommendation of forming a monetary union, the economic fundamentals of Euro area member countries have not harmonized. The opposite holds: the Euro core countries - most of all Germany, but also the Netherlands and Finland - increased productivity growth while limiting nominal wage growth. However, Mediterranean countries - particularly Greece, but also Spain, Portugal, and Italy - have dramatically lost international competitiveness. Although the overall balance of payments for the Euro area at large is almost balanced, internal disequilibria are skyrocketing and default risk premiums and tensions within the Euro area are rising, thus jeopardizing the stability of the monetary union. The findings confirm that a common currency without fiscal union is inherently unstable. The international financial and economic crisis has merely triggered events which highlight this instability. The paper discusses three possible scenarios for the future of the Euro: a laissez faire approach, a bailout, and finally an exit strategy for the Mediterranean countries, or an organized exit by a group of core countries led by Germany, forming their own smaller monetary union.
2006 The paper starts with the assumption that the Mercosur countries have decided to pursue monetary integration. These countries have essentially two options: a decentralized monetary union (MU) whereby each member country either pegs to the U.S. dollar or dollarizes outright; or a centralized MU with its own currency, its own central bank, and the adoption of common minimum financial standards. A centralized MU is preferable to a decentralized one, although it is more complex and involves significant institution building. On the other hand, a centralized monetary union enjoys the flexibility of counteracting union-wide shocks and gives member countries a say in the conduct of the common monetary policy; neither feature is present in a dollarized economy. A centralized monetary union cannot be built overnight: it took 30 years for EMU to become a reality. We stress a rather long transition approach during which member countries give independence to their national central banks and pursue inflation targeting, while adjusting to idiosyncratic shocks. The final phase would be consummated when economic and financial integration would have made shocks sufficiently symmetric in the region and inflation rates would have converged.