Joseph G. Haubrich

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Joseph Gerard Haubrich (born September 10, 1958) is an economist and consultant. His work focuses on financial institution and regulations research.


Haubrich was born on September 10, 1958 in Oak Park, Illinois to Joseph Haubrich and Alfreda Haubrich.[1]

Education and career[edit]

Haubrich earned his bachelor's degree in economics at the University of Chicago. Then, he earned his masters and doctoral degrees in economics in New York at the University of Rochester. Then, Joseph moved to Pennsylvania and became an assistant professor of finance in University of Pennsylvania's business school, Wharton School. In 1990, Joseph joined the Federal Reserve Bank of Cleveland as an economist and consultant in the research department. His focuses in his work include financial institution and regulations research. He is now a vice president at the Cleveland Federal Reserve Bank of Cleveland and leads the Research Department's Banking and Financial Institutions Group. He also examines and referees many educational and professional journals and writings.[2]


On Mortgage-backed security, Joseph wrote and was quoted "A collateralized mortgage obligation (CMO) is a more complex MBS in which the mortgages are ordered into tranches by some quality (such as repayment time), with each tranche sold as a separate security."[3] Joseph also has written lots for the Annual Reports, including Putting Systemic Risk on the Radar Screen in the 2009 Annual Report. This report selection describes and analyzes the United States' 2008 financial crisis, regulatory reforms, plans to break up huge companies, consumer protection agencies, derivatives, insurance companies, and hedge funds.[4]

He co-wrote "Peak Oil" which is an economic commentary with Brent Meyer that discusses the economic effects of the world's oil production.[5] This piece is used in a variety of research, detailing on the relationship between oil, the economy, and society.

Recent articles and papers by Haubrich include:

  • W(h)ither the Fed's Balance Sheet in July 2010 by Joseph G. Haubrich, John B. Carlson, and John Linder
  • Inflation: Noise, Risk, and Expectations in June 2010 by Joseph G. Haubrich and Timothy Bianco
  • A New Approach to Gauging Inflation Expectations in October 2009 by Joseph G. Haubrich
  • Credit Crises, Money and Contradictions:A Historical View in September 2009 by Joseph G. Haubrich and Michael D. Bordo
  • Umbrella Supervision and the Role of the Central Bank for the Journal of Banking Regulation Volume 57 No. 1, by Joseph G. Haubrich and James B. Thomson in November 2008[2]
  • "How Cyclical Is Bank Capital?" by Joseph G. Haubrich; published in 2015.[6]

Joseph Haubrich is also listed as one of the top 5% of authors according to the criteria from IDEAS from RePEc[7]

In 2014, Joseph produced a documentary film which illustrates the Panic of 1907. This film stemmed from a 2012 study he worked on with Michael Bordo at the Cleveland Federal Reserve Bank.[8] A paper covering this topic is titled Deep Recessions, Fast Recoveries, and Financial Crises: Evidence from the American Record written in conjunction with Bordo in 2013.[9] This film can be viewed at the Museum of American Finance.[10]

Joseph co-edited the book "Quantifying Systemic Risk" with Andrew Lo , and addresses the challenges faced when measuring statistical risk[11] This book was released in 2013.[12]


  1. ^ "Joseph G Haubrich". Cleveland Fed. Retrieved 13 September 2018.
  2. ^ a b Joseph G. Haubrich, Vice President and Economist :: Federal Reserve Bank of Cleveland
  3. ^ Joseph G. Haubrich, Derivative Mechanics: The CMO, Economic Commentary, Federal Reserve Bank of Cleveland, Issue Q I, pages 13-19, (1995).
  4. ^ Article abstract for "Putting systemic risk on the radar screen" by Joseph Haubrich
  5. ^ "Peak Oil :: Joseph G. Haubrich and Brent Meyer :: Economic Commentary :: 08.15.07 :: Federal Reserve Bank of Cleveland". Archived from the original on 2010-12-02. Retrieved 2010-12-20.
  6. ^ "IDEAS".
  7. ^ Joseph Haubric's personal profile at IDEAS
  8. ^ Reinhart, Carmen. "Harvard" (PDF). Harvard.
  9. ^ Haubrich, Joseph (19 February 2013). "Deep Recessions, Fast Recoveries, and Financial Crises: Evidence from the American Record" (PDF).[permanent dead link]
  10. ^ "The Panic of 1907 and the Creation of the Federal Reserve System". Museum of American Finance. Museum of American Finance.
  11. ^ "Quantifying Systemic Risk". University of Chicago Press. Retrieved 12 September 2018.
  12. ^ Haubrich, Joseph; Lo, Andrew (2013). Quantifying Systemic Risk. Chicago: University of Chicago Press.