Areas of Expertise (4)
Macroeconomy and Housing
Amir Kermani is an Associate Professor at Berkeley Haas. He received a PhD in economics from MIT in 2013. He is also a faculty research fellow at the NBER. His current research interests include monetary policy, household finance, financial intermediation, and political economy.
MIT: PhD, Economics
London School of Economics: MSc, Economics
Sharif University of Technology: MSc, Managerial Economics
University of Tehran: BSc, Electrical Engineering
Honors & Awards (4)
RFS Rising Scholar Award
MIT Department of Economics Fellowship
HAND Foundation Scholarship
Gold Medal of 33rd International Physics Olympiad
Positions Held (1)
At Haas since 2013
2019 – present, Associate Professor, Haas School of Business 2013 – 2019, Assistant Professor, Haas School of Business
Media Appearances (4)
Helping consumers in a crisis
MIT News online
The paper, “How Quantitative Easing Works: Evidence on the Refinancing Channel,” is published in the latest issue of the Review of Economic Studies. The authors are Marco Di Maggio, an associate professor at Harvard Business School; Amir Kermani, an associate professor at the Haas School of Business at the University of California at Berkeley; and Palmer, the Albert and Jeanne Clear Career Development Assistant Professor at the MIT Sloan School of Management.
Lower-income households spend more when the stock market is rising
Market Watch online
And it doesn’t matter if they actually sell those stocks. Paper wins are just as much an incentive to go shopping, the study concluded. Households react just as much to potential capital gains as they do to realized capital gains, according to the study, conducted by researchers at Harvard Business School, the University of California, Berkeley and Lund University in Sweden.
Are Stockbrokers Leaking Confidential Info To Their Favorite Clients?
Di Maggio is the author of the paper The Relevance of Broker Networks for Information Diffusion in the Stock Market, co-written by Francesco Franzoni, a finance professor at the Swiss Finance Institute; Amir Kermani, an assistant professor at the Haas School of Business at University of California, Berkeley; and Carlo Sommavilla, a doctoral student at the Swiss Finance Institute.
Quantitative Easing Did Not Ease The Housing Crisis For The Neediest Households
The findings are detailed in the paper How Quantitative Easing Works: Evidence on the Refinancing Channel, co-authored by Marco Di Maggio, an assistant professor in the Finance Unit at Harvard Business School; Amir Kermani, an assistant professor at the Haas School of Business; and Christopher Palmer, also an assistant professor at Haas.
Selected Research Grants (1)
NBER Household Finance Grant Award
Master Card Center for Inclusive Growth
Selected Papers & Publications (7)
How Quantitative Easing Works: Evidence on the Refinancing ChannelReview of Economic Studies
Marco Di Maggio, Amir Kermani, and Christopher Palmer
Stock Market Returns and ConsumptionJournal of Finance
Marco Di Maggio, Amir Kermani and Kaveh Majlesi
Interest Rate Pass-Through: Mortgage Rates, Household Consumption and Voluntary DeleveragingAmerican Economic Review
M. Di Maggio, A. Kermani, B. J. Keys, T. Piskorski, R. Ramcharan, A. Seru and V. Yao
The Value of Trading Relations in Turbulent TimesJournal of Financial Economics
Marco Di Maggio, Amir Kermani and Zhaogang Sang
Credit Induced Boom and BustReview of Financial Studies,
Marco Di Maggio and Amir Kermani
Does Skin-in-the-Game Affect Security Performance? Evidence from the Conduit CMBS MarketJournal of Financial Economics
Adam Ashcraft, Kunal Gooriah and Amir Kermani
The Value of Connections in Turbulent Times: Evidence from the United StatesJournal of Financial Economics
Daron Acemoglu, Simon Johnson, Amir Kermani, James Kwak and Todd Mitton
MFE 230 H
Financial Institutions and Risk Management