Emil Verner

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Emil Verner

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Emil Verner is the Class of 1957 Career Development Professor and an Assistant Professor of Finance at the MIT Sloan School of Management.

Verner’s research focuses on the connection between financial markets and the macroeconomy in both advanced and emerging markets. His recent research examines the role of household credit markets in amplifying business cycle fluctuations. In related work, Verner has also studied the real economic consequences of banking sector distress during financial crises around the world over the past 150 years. 

Verner received his undergraduate degree in economics from the University of Copenhagen and his PhD in economics from Princeton University.

Current Research Focus: Verner's current research focuses on the connection between financial markets and economic activity, both in advanced and emerging markets. In several recent studies, he has examined the role of credit markets in amplifying business cycle fluctuations. In related work, Verner has also studied the real economic consequences of banking sector distress during financial crises around the world over the past 150 years. Finally, Verner’s work also explores how finance affects society more broadly, including the role that financial distress has played in the recent rise in populism.

Honors

Verner wins Ieke van den Burg Prize

Publications

Featured Publication
"Household Debt and Business Cycles Worldwide."

Mian, Atif, Amir Sufi, and Emil Verner. The Quarterly Journal of Economics Vol. 132, No. 4 (2017): 1755-18171. SSRN Preprint. Out of sample results. The Economist. Equitable Growth. NBER Digest. Appendix.

"Financial Crisis, Creditor-Debtor Conflicts, and Political Extremism."

Gyöngyösi, Győző, and Emil Verner. Journal of Finance. Forthcoming. LSE. The Hill. SSRN Preprint.

"Private Debt Booms and the Real Economy: Do the Benefits Outweigh the Costs?"

Verner, Emil. In INET Initiative on Private Debt, University of Chicago Press. Forthcoming. Replication Kit.

"Credit Allocation and Macroeconomic Fluctuations."

Müller, Karsten and Emil Verner, MIT Sloan Working Paper 6316-20. Cambridge, MA: MIT Sloan School of Management, February 2021.

"Banking Crises Without Panics."

Baron, Matthew, Emil Verner, Wei Xiong. The Quarterly Journal of Economics Vol. 13, No. 1 (2021): 51-113. SSRN Preprint.

"Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis."

Verner, Emil and Győző Gyöngyösi. American Economic Review Vol. 110, No. 9 (2020): 2667-2702. SSRN Preprint.

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