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Areas of Expertise (4)

Monetary Policy

Macroeconomy and Housing

Household Finance

Securitization

About

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.

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Amir Kermani, Unconventional Monetary Policy and the Allocation of Credit

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Education (4)

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

2018

MIT Department of Economics Fellowship

Fellowship

HAND Foundation Scholarship

Scholarship

Gold Medal of 33rd International Physics Olympiad

IPhO 2002

Languages (1)

  • Persian

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 (3)

Lower-income households spend more when the stock market is rising

Market Watch  online

2018-01-29

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.

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Are Stockbrokers Leaking Confidential Info To Their Favorite Clients?

Forbes  online

2017-07-06

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.

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Quantitative Easing Did Not Ease The Housing Crisis For The Neediest Households

Forbes  online

2016-10-31

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.

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Selected Research Grants (1)

NBER Household Finance Grant Award

Sloan Foundation 

Master Card Center for Inclusive Growth

Selected Papers & Publications (7)

How Quantitative Easing Works: Evidence on the Refinancing Channel Review of Economic Studies

Marco Di Maggio, Amir Kermani, and Christopher Palmer

2019

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Stock Market Returns and Consumption Journal of Finance

Marco Di Maggio, Amir Kermani and Kaveh Majlesi

2019-09-07

2019

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Interest Rate Pass-Through: Mortgage Rates, Household Consumption and Voluntary Deleveraging American Economic Review

M. Di Maggio, A. Kermani, B. J. Keys, T. Piskorski, R. Ramcharan, A. Seru and V. Yao

2017

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The Value of Trading Relations in Turbulent Times Journal of Financial Economics

Marco Di Maggio, Amir Kermani and Zhaogang Sang

2017

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Credit Induced Boom and Bust Review of Financial Studies,

Marco Di Maggio and Amir Kermani

2017

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Does Skin-in-the-Game Affect Security Performance? Evidence from the Conduit CMBS Market Journal of Financial Economics

Adam Ashcraft, Kunal Gooriah and Amir Kermani

2017

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The Value of Connections in Turbulent Times: Evidence from the United States Journal of Financial Economics

Daron Acemoglu, Simon Johnson, Amir Kermani, James Kwak and Todd Mitton

2016

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Teaching (1)

MFE 230 H

Financial Institutions and Risk Management