Emil Verner

Faculty

Emil Verner

About

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 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. Finally, in ongoing research, Verner is currently exploring what role financial distress has played in the recent rise in populism.

Publications

"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.

"Banking Crises Without Panics."

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

"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.

"How Does Credit Supply Expansion Affect the Real Economy? The Productive Capacity and Household Demand Channels."

Mian, Atif R., Amir Sufi, and Emil Verner. Journal of Finance Vol. 75, No. 2 (2020): 949-994.

"Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu."

Correia, Sergio, Stephan Luck, and Emil Verner, MIT Sloan Working Paper 6087-20. Cambridge, MA: MIT Sloan School of Management, June 2020.

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